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Home All Events - Ape O'Clock Based Farm Boardroom Launch

Date

Sep 18 2023
Expired!

TimeUTC

12:00 am

Your Time

  • Timezone: America/New_York
  • Date: Sep 17 2023
  • Time: 8:00 pm

Status

Active

Based Farm Boardroom Launch

September 5 update – Staking LPs for bSHARE rewards is delayed to September 14 EST (September 15 UTC time), thus delaying the boardroom launch.

August 31 update – the team has not announced a time for this launch, only that it is 5 days after genesis begins. This time is a placeholder. Additionally, the website is not yet released, so we’ve linked to their Twitter.

Boardroom launch for a seigniorage protocol on Base.

DETAILS
  • Stake LPs in the farm for BSHARE rewards
  • Stake BSHARE in the boardroom for BASED rewards
    • ❌ There is no information on how newly minted BSHARE is allocated among BSHARE stakers, the team, DAO, treasury, etc.
  • BASED is the algo-stable, pegged to ETH
    • ❌ There is no information on the initial supply of BASED or it’s allocation
    • Adjustable tax based on the health of the peg
      • Peg at 1.5 and above – 1% tax
      • Peg at 1.4-1.5 – 2% tax
      • Peg at 1.4-1.3 – 4% tax
      • …and so on
  • BSHARE is the shares token
    • ❌ There is no information on the supply of BSHARE or it’s allocation
  • BBOND is the bonding token
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