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Home All Events - Ape O'Clock Atlantis Finance AETH Boardroom Launch

Date

Jan 27 2023
Expired!

TimeUTC

6:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 27 2023
  • Time: 1:00 pm

Status

Active

Atlantis Finance AETH Boardroom Launch

New algorithmic stablecoin pegged 1:1 to ETH on Arbitrum.

$AETH is second algo-stable token in the Atlantis Finance multi-peg ecosystem.

DETAILS
  • Boardroom
    • Stake WHALE in the Boardroom to earn AETH rewards
    • During expansion, newly minted AETH rewards will be distributed as follows;
      • 70% — Reward for Boardroom stakers
      • 15% — DAO fund
      • 15% — DEV fund
    • Boardroom only prints new AETH tokens when TWAP > 1.01
    • Epoch duration: 6 hours
    • Staked WHALE is locked for 6 epochs and AETH rewards locked for 2 epochs (every deposit/claim/withdrawal resets the lockup timer)
    • 1% staking fee; 0% unstake fee during expansion
  • Tokens
    • Algo-stable tokens;
      • $AETH is the algo-stable, pegged to 1:1 to ETH
      • $AFISH is the algo-stable, pegged 1:1 to FISH
    • $WHALE is the shares token
      • Total supply: 100,001
        • 70,000 — Farming rewards (vested linearly over 365 days)
        • 20,000 — DAO fund (vested linearly over 365 days – 54.8 WHALE/day)
        • 9,999 — Dev fund (vested linearly over 365 days – 27.4 WHALE/day)
        • 1— Pre-mint for initial liquidity
    • $BFISH is AFISH bond token
    • $ETHBOND is the AETH bond token
    • Contract ownership renounced on $AFISH [tx] and $WHALE [tx] contracts

Blockchain

Arbitrum