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
- Twitter: https://twitter.com/bamboo_fi
- Discord: https://discord.com/invite/CwZQWVDuJe
- Chart: https://dexscreener.com/avalanche/0xbe7c737fcc2d6eba0e4e73a073a0120171287769
- Chart: https://dexscreener.com/avalanche/0x0774f0acc4dd1ca84bc8521fee6dc2f7d22f133f
- Contract: https://bamboo-finance.gitbook.io/bamboo-finance-official-docs/details/contracts