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Home All Events Based Finance V2 Genesis Pool Launch

Date

Jul 25 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 25 2022
  • Time: 10:00 am

Status

Active

Based Finance V2 Genesis Pool Launch

New peg-less algorithmic protocol with NFT staking and other added features on Fantom, from Based Finance team.

DETAILS
  • Genesis Pools
    • Duration: 10 days
    • 90,000 $OBOL rewards distributed across the following pools:
      • Minimum 1.2% daily ROI — Prometheus NFT
      • ~0.8% daily ROI — $OBOL / FTM LP pool
      • ~0.8% daily ROI — $SMELT / FTM LP pool
      • $LIF3 pool
      • $USDC pool
      • $WFTM pool
      • ❌ No information on the estimated ROI for the other pools
    • 0.5% deposit fee on $LIF3, 1% on $USDC and WFTM, 0% on native pools
    • No withdrawal fee
  • Tokens & Features
    • $OBOL is the pegless algo token
      • Perpetual Print mechanism will mint $OBOL no matter the relative price
      • Elastic supply mechanism; $OBOL is constantly burned and minted as desired to control expansion
      • 10% sell tax
      • Initial supply: 100,000 $OBOL; allocated as follows:
        • 90,000 — Genesis Pool
        • 10,000 — Initial liquidity
    • $SMELT is the shares token
      • 10% buy / sell tax
      • Will be able to avoid 10% buy tax by redeeming for $BSHARE / FTM LP on the in-house exchange (Katastima V2), while supply is available
      • Total supply: 90,000; allocated as follows:
        • 80,000 — Farming rewards (vested linearly over 2 years)
        • 10,000 — $BSHARE / FTM liquidity
    • Prometheus NFT; for staking to earn yield
      • Cross-chain support – will be tradeable and bridgeable
      • Minted with $BBOND (slow mint mechanism), here ($BBOND is the V1 bond token)
  • Roadmap includes launch of NFT launchpad
  • ❌ Ownership not renounced on contracts, at time of review
  • Multi-sig treasury wallet is the Operator and Owner of the Genesis Reward contract

❌ No information on when the rest of the protocol will open.

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