ArbiTen Finance Protocol Launch

Launch of new algorithmic stablecoin + fractional collateralization protocol (10mb Finance fork) pegged to 0.1 ETH on Arbitrum, from the PolyWantsACracker team/dev that launched several projects including 10mb Finance.

DETAILS

• Genesis Farms
  • Genesis pool emissions will last for 4 days until April 16
  • 5,000 $ArbiTen rewards to be distributed across the following pools with the ;
    • 1,000 — USDT
    • 1,000 — USDC
    • 1,000 — WETH
    • 1,000 — WBTC
    • 500 — ARB
    • 500 — WHEAT
  • 2% deposit fee on all pools
  • No withdrawal fee

• LP Farms
  • Farming emissions will last for 10 years
  • Stake LP tokens in the farms to earn $10SHARE rewards
  • 8,500 $10SHARE rewards to be distributed across the following pools;
    • 5,000 — ArbiTen/USDC
    • 3,500 — 10SHARE/USDC
  • No deposit or withdrawal fees

• Boardroom
  • Stake $10SHARE in the Boardroom to earn $ArbiTen rewards
  • 2% stake fee in Boardroom
  • No unstake fee during expansion; 2% fee during contraction
  • During expansion, newly minted $ArbiTen rewards will be distributed as follows:
    • 45% — Reward to Boardroom stakers
    • 45% — DAO fund
    • 2% — Dev fund
    • 8% — Insurance fund
  • Boardroom only prints new $ArbiTen tokens when TWAP > 1.01
  • Epoch duration: 8 hours
  • Staked $10SHARE is locked for 48 hours (6 epochs) and $ArbiTen rewards locked for 24 hours (3 epochs). Every deposit/claim/withdrawal resets the lockup timer

• Mechanics & Features
  • Dual peg enforcement mechanism – Seigniorage + Fractional collateralization
    • $ArbiTen can be minted or redeemed with 10SHARE + ETH
    • Total mintable $ArbiTen scales up by epoch
    • 0.4% tax on minting and redemption of $ArbiTen
  • Scaling sell tax on $ArbiTen based on the TWAP (time-weighted average price)
    • 20% tax if TWAP = 0
    • 15% tax if TWAP between 0.5 – 0.7
    • 10% tax if TWAP = 0.8
    • 5% tax if TWAP = 0.9
    • 2% tax if TWAP = 0.95
    • 0.2% tax if TWAP > 1
  • NFT staking to boost yield
    • Only FarmerLand NFTs will be eligible – Farmers, Land, Tools, Majestic Minotaurs
    • 2% boost per NFT for Farmers, Tools, and Land NFTs
    • 3% boost per NFT for Minotaurs NFTs
    • Maximum of 5 NFTs per pool

• Tokens
  • $ArbiTen is the algo-stable, pegged 0.1:1 to ETH
    • Peg will be maintained via a dual-peg mechanism – seigniorage (similar to Tomb) and fractional collateralization (similar to Frax and Iron Finance)
    • Initial supply: 1,440
      • 1,000 — Presale
      • 400 — Liquidity
      • 10 — Incentives
  • $10SHARE is the shares token
    • Total supply:
      • 65% — Farming rewards (vested linearly over 10 years – 9.5 10SHARE/day)
      • 10% — DAO fund (vested linearly over 10 years – 1.369 10SHARE /day)
      • 10% — Dev fund (vested linearly over 10 years – 1.369 10SHARE /day)
      • 10% — Equity Fund
      • 5% — Insurance Fund
      • 6 — Pre-mint (5 to presale, 0.8 to DAO, 0.2 to liquidity)
  • 10BOND is the bond token