DegenDashboard feature: Polar Finance

Polar Nodes has been a long-running protocol which began as standard nodes node investment and has pivoted to make their nodes into NFTs and will be entering the game market soon. The project has six different products with different prices, rewards, and claim taxes (see below.) Hosted on the Avalanche network, the project launched with a basic look similar to a known site that rugged. This had an unfortunate reflection on investors keeping many away. With a successful launch and continued growth, Polar has seen sustained success with continuous investment. Through persistence the team added value and used frequent modifications to the node mechanics for price stability. For much of the project’s run the price maintained a $2–3 value with peaks in the $7–8 area. The UI has undergone a full rebuild and nodes are now able to be bought / sold / transferred through the NFT marketplace.

DegenDashboard Polar Finance Hero Card:

The Polar leadership has been especially active with how they have treated their team allocation and have increased claim taxes at times to influence the token price, reducing sell pressure and raising the price over time. The team has offered new options expanding from the single, simple node (Mont Blanc at launch) to a full set of six options where the more expensive the node product, the better return (but also the higher the claim tax.)

The rewards and tax structure has been modified through project decisions and community vote to get to the current structure:

• Fuji: 0.38 / daily rewards Global Claim tax (after ROI): 3%.
• Mont Blanc: 0.84 / daily rewards Global Claim tax (after ROI): 4.5%
• Kilimanjaro: 4.25 / daily rewards Global Claim tax (after ROI): 7.5%
• Ushuaia: 7.82 / daily rewards Global Claim tax (after ROI): 10.5%
• Everest: 29.75 / daily rewards Global Claim tax (after ROI): 13.5%
• Olympus: 102 / daily rewards Global Claim tax (after ROI): 21%

DegenDashboard view of Polar Node options:

The Polar community is very active with over 12k Discord members and high activity including games and other strategies to keep the community engaged. Lucky boxes are added to the system periodically and can be purchased for an enhancement to the platform.

Learn more about Polar Finance on the DegenDashboard research site and join us for discussion on this investment project and more in the DegenDashboard Discord!

Discord: https://discord.gg/M8Tm8N6tCm

Twitter: https://twitter.com/DegenDashboard