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Home All Events Bee Finance LP Farms & Boardroom Launch

Date

Jul 08 2022
Expired!

TimePacific Time

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 08 2022
  • Time: 8:00 pm

Status

Rugged

Bee Finance LP Farms & Boardroom 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
  • LP Farms
    • Stake LP tokens in the farm to earn $NEST rewards
      • 50,000 $NEST rewards will be distributed across the following pools:
        • 20,000 – $SYRUP / USDC LP pool
        • 20,000 – $NEST / USDC LP pool
        • 5,000 – WFTM pool
        • 5,000 – USDC pool
    • 1% deposit fee on non-native pools and 0% deposit fees on native pools
    • $NEST rewards will last for 12 months, ending July 4, 2023 12:00:00 AM UTC
  • Boardroom
    • Boardroom opens 2 hours after LP Farms
    • Stake $NEST in the boardroom to earn $SYRUP rewards
    • 20% withdrawal fee on $SYRUP rewards
    • During expansion, newly minted $SYRUP rewards are distributed as follows;
      • 75% – Rewards for Boardroom stakers
      • 15% – DAO Fund
      • 10% – Dev Fund
    • Epoch time: 6 hours
    • Staked $NEST will be locked for 4 epochs. Timer resets on every stake and rewards claim
    • $SYRUP rewards will be locked for 2 epochs. Timer resets on every rewards claim and stake
  • 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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