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SURF Insurance Fund (SIF)
Surf Insurance Fund
SIF is the acronym for the SURF Insurance Fund which is a separate wallet in Surf Token system. The SIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the SIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 5 minutes are backed by the SIF parameter, thus ensuring a high and stable interest rate to $SURF token holders.
Some of all trading fees are stored in the SURF Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
- Avoiding flash crash through price stability
- Achieving longterm sustainability and future growth of the SURF token
- Greatly reducing downside risk
Last modified 6mo ago