Paid promotion. Always do your own research and use risk management.

Home All Events Bamboo Finance Boardroom & Nodes Launch

Date

May 17 2022
Expired!

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: May 17 2022
  • Time: 11:00 am

Status

Active

Bamboo Finance Boardroom & Nodes Launch

Tomb fork on Avalanche with a nodes component.

DETAILS
  • Stake BDAO in the boardroom for BAM rewards
  • During expansion, newly minted BAM is distributed as follows:
    • 80% to BDAO stakers in the boardroom
    • 15% to the DAO fund
    • 5% to the dev fund
    • The node treasury can be used to support the BAM price, see below for further details
  • BAM is the algo-stable, pegged to USDC
  • BDAO is the shares token, with a max supply of 50,001
    • 4500 for the DAO, vested linearly over 300 days
    • 4500 for the dev, distributed linearly over 300 days
    • 41,000 for farming rewards over 1 year
    • 1 for initial liquidity
  • BBOND is the bonding token
  • Two node types: BAM Nodes and BDAO Nodes
  • BAM Nodes
    • Price: 100 BAM
    • 1% – 3% daily return, based on the reward pool balance
    • Max return: 500%
    • No limit on the number you can have
  • BDAO Nodes
    • Price: 1 BDAO
    • 1% – 3% daily return, based on the reward pool balance
    • Max return: 500%
    • No limit on the number you can have
  • Every week, nodes created in the last 7 days give the holder an entry to weekly pries, such as AVAX, BDAO, Passive Panda NFTs, etc.
  • 10% of the node reward pool balance is distributed to Passive Panda Node Club holders each month
  • BAM or BDAO used to purchase nodes is used as follows:
    • “…a portion” goes to the reward pool
    • “the remaining” goes to the treasury
    • ❌ They have not provided specific numbers for how the BAM and BDAO is used
  • Nodes treasury usage:
    • When TWAP is less than 1, the treasury balance of BAM is burnt
    • When TWAP is greater then 1.01, the treasury adds BAM-USDC liquidity
    • When TWAP is greater than 1.1, the treasury slowly sells BAM
Related Posts

Blockchain

AVAX

Next Event

Paid promotion. Always do your own research and use risk management.