# Project ### SnowCorsairs in a few words: SnowCorsairs Finance provides a decentralized financial asset which rewards users with a fixed compound interest model through use of its unique Auto staking protocol made from the best mechanisms of many protocols such as the **Vault**, our **Backing Fund** and ***many more***! SnowCorsairs Auto-Staking Protocol (SAP) gives $SCR automatic staking and compounding features, and a great fixed APY of **77,777%**, a daily ROI (Return On Investment) of around **1.83%**. ### How does SnowCorsairs work? We are a new protocol on Avalanche blockchain ($AVAX). $SCR is an auto-staking and compounding token with brand new features. #### Backing Fund Some taxes are going to the Backing Fund to ensure that rebase are sustainable. Backing Fund is a separate wallet for Faming and Investment. #### BuyBack & Burn The Buyback & Burn mechanism supports the price of $SCR when the need arises. This fund is supported by buy and sell taxes. #### Lowered APY We chose to reduce the APY in order to make the project sustainable. Indeed, many projects have totally disproportionate APYs that lead to the bankruptcy of the protocols. #### Sustainable rebase The SnowCorsairs Protocol pays every $SCR holder every **4 hours** or **6 times each day**, while other protocols pay rebasing rewards every 30 minutes which means it's not really sustainable. #### Vault More details coming soon... #### How to buy $SCR? A few days after the end of the presale, the token $SCR will be listed on Trader Joe and you will be able to buy it at the market price. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://snowcorsairs.gitbook.io/docs/overview/project.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.