I recently came across an interesting on-chain financial project that operates 100% on the blockchain with no centralized entry point. The contract permissions have been relinquished, it has passed security audits, and users' assets are permanently stored in their personal wallets.

The yield aspect is quite unique, with real-time, per-second settlement. Users can enter or exit at will, and the historical monthly yield rate has exceeded 30%. The project team has implemented an innovative deflationary protection mechanism—minting tokens when adding LP and directly burning when removing LP, continuously increasing scarcity. There's also a creative feature where transferring tokens to a black hole address can earn a 1.3x reward.

The protective mechanisms are also quite detailed. If the price drops more than 50% in a single day, 50% of the minted tokens for that day will be automatically burned, helping to buffer market volatility.

The profit distribution is designed quite complexly. Referral rewards cover 7 levels, with actual rewards distributed across 13 generations. Node members can also enjoy a weighted dividend of 10% across the entire network. Slippage during buy and sell transactions is handled differently: a 5% slippage on sales is split into buyback(1%), NFT dividends(2%), and burning(2%).

This model combines real DeFi liquidity with multi-dimensional distribution and burning mechanisms to maintain ecological balance. It seems to be an attempt to address common issues in DeFi projects through technical means.