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Home All Events Avalend Finance Fair Launch

Date

Apr 14 2022
Expired!

TimePacific Time

1:00 am

Your Time

  • Timezone: America/New_York
  • Date: Apr 14 2022
  • Time: 4:00 am

Status

Active

Avalend Finance Fair Launch

New lending protocol on Avalanche.

No contracts.

DETAILS
  • Max supply: 1,000,000,000 AVAL
    • 100,000,000 AVAL for initial liquidity
    • 700,000,000 AVAL for staking pools
    • 5,000,000 AVAL to team having 6-month full lockup, 20 months linear unlock thereafter
    • 5,000,000 AVAL for seed sale having 3-month full lockup, 5 months linear unlock thereafter
    • 100,000,000 AVAL for development and airdrops
  • Liquidity will be added on TraderJoe
  • Emission rate will be as follows:
    • 2,000,000 AVAL / second for first 20 days
    • 1,000,000 AVAL / second for the next 300 days
    • 100,000 AVAL / second for the remaining 3,600 days
  • AVAL is the governance token
  • By staking AVAL you can get 10% interest subsidy while lending and 5% discount while borrowing
  • You can borrow up to your “Borrow limit” worth of assets, with the respect to assets’ “Liquidation threshold”
  • As the liquidation will be triggered while the line was hit, the borrower’s staked AVAL will automatically serve as collateralized asset while one is facing liquidation
  • Roadmap includes DAO launch

Blockchain

AVAX

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