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Home All Events Bee Finance Genesis Pool Launch

Date

Jul 06 2022
Expired!

TimePacific Time

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 06 2022
  • Time: 8:00 pm

Status

Rugged

Bee Finance Genesis Pool Launch

July 10 update – the site and socials are gone, and liquidity has been drained.

New Tomb fork on Fantom from Nest Finance (previously named Hive Finance) team, that previously launched The Ant tomb fork on Fantom.

Nest Finance is a new multi-chain, multi-pegged protocol with a shared SHARES (“NEST”) token across its sub-layers and pegged tokens. Bee Finance is the first layer on Fantom.

DETAILS
  • Genesis Pools
    • Genesis pools will run for 48 hours
      • 20,000 $SYRUP rewards will be distributed across the following pools:
        • 4,000 – $SYRUP / $USDC LP pool
        • 1,144 – $HONEY pool
        • 772 – $HSHARE pool
        • 408 – $NECTAR pool
        • 10,219 – $AST pool
        • 2,485 – $ANT pool
        • 972 – $ABOND pool
        • ❌ ?? unknown – FTM-USDC pool
    • 1% deposit fee on FTM-USDC pool, 0% deposit fee and withdrawal fee on the remaining genesis pools
    • Genesis pool operator can drain the pools 90 days after genesis ends
  • Tokens
    • $SYRUP is the algo-stable, pegged 1:1 to USDC
      • Initial supply: 20,001; allocated as follows:
        • 20,000 – Genesis Pool
        • 1 – Pre-minted for Initial Liquidity
    • $NEST is the shares token, shared across all layers
      • Total supply: 240,000; allocated as follows:
        • 120,000 – Farming Rewards (vested linearly over 12 months)
        • 20,000 – Team Fund (vested linearly over 12 months)
        • 40,000 – Presale
        • 10,000 – DAO Fund (vested linearly over 12 months)
        • 50,000 – Partner (vested linearly over 12 months)
    • $SBOND is the bond token
  • ❌ Token ownership not renounced
  • Operator transferred to Treasury for $SYRUP, $NEST and $SBOND contracts
  • Roadmap includes multi-peg token launches on Fantom, cross-chain launches, partner and incubate new tomb fork projects (“HATCH Plan”), game development
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