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

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