SUPERBOMB Insurance Fund (SBIF)
SBIF is the acronym for the SUPERBOMB Insurance Fund which is a separate wallet in the sBOMB SAP system. The SBIF 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 SBIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02355% are backed by the SBIF parameter, thus ensuring a high and stable interest rate to sBOMB token holders.
2% of all trading fees are stored in the SUPERBOMB Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
SBIF keeps holders safe by:
Avoiding flash crashes through price stability.
Achieving long term sustainability and future growth of the sBOMB Protocol.
Greatly reducing downside risk.
SBIF Address: 0x79E3010A85b0B55c70628505F5a4EB8063D7cF89
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