🥲AMBER INSURANCE FUND (AIF)
AMBER INSURANCE FUND (AIF)
AIF is the acronym for the AMBER Insurance Fund which is a separate wallet in AMBER AAP system. The AIF 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 AIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02822% are backed by the AIF parameter, thus ensuring a high and stable interest rate to $AMBR token holders.
5% of all trading fees are stored in the AMBER Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
AIF Keeps holders safe by:
Avoiding flash crash through price stability
Achieving long-term sustainability and future growth of the AMBR Protocol
Greatly reducing downside risk
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