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Home All Events - Ape O'Clock Avarice MATIC Launch


Oct 04 2022

TimePacific Time

3:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 04 2022
  • Time: 6:00 am



Avarice MATIC Launch

New ROI dApp on Polygon from the Avarice team, in partnership with StableFund. Avarice previously launched BNB and BUSD versions of the protocol.

  • Participate in the daily auctions (see “daily auctions” below) with MATIC and receive MAVC (native token)
  • Stake MAVC to earn yield paid in MAVC and a share of MATIC dividends from the daily auctions
  • MAVC can be staked for a minimum of 35 days and up to a maximum of 300 days (the minimum staking period may be decreased overtime based on the protocol’s health)
  • Staked MAVC (+ bonuses) and MATIC dividends can only be withdrawn at the end of the staking period — the longer the staking period, the higher the bonus
  • Price of MAVC is determined by the amount of MATIC contributed to the daily auctions
  • Daily auctions lobby;
    • deposit MATIC to receive MAVC tokens — the more MATIC you deposit, the more MAVC tokens you receive
    • dividend payout is calculated based on the total MATIC contributions and the day of the auction, up to a max of 40 days
    • no minimum or maximum deposit
    • 3,000,000 $MAVC initial supply in the auction pool on day 0; decreasing by 0.5% daily
    • 95% of MATIC in the auction pool is re-distributed to stakers, 5% for team/marketing/buybacks
  • Active stakes can be traded (buy/sell) and also used as collateral to borrow/lend MATIC via the in-app marketplace
  • 5% referral commission on referred user’s daily auctions entries
Links & Resources
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