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Home All Events Cex Finance LP Farms & Boardroom Launch

Date

Sep 14 2022
Expired!

TimePacific Time

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 14 2022
  • Time: 8:00 pm

Status

Active

Cex Finance LP Farms & Boardroom Launch

September 8 update – launch delayed to September 15.

New algorithmic stablecoin pegged 1:1 to BUSD on BSC.

DETAILS
  • Farms (opens at 12am UTC)
    • Duration: 730 days
    • Stake LP tokens in the farms to earn $CSHARE
    • 55,500 $CSHARE distributed across the following pools;
      • 53.15% — $CUSD/BUSD LP pool
      • 46.85% — $CSHARE/BUSD LP pool
    • 6% withdrawal fee; no deposit fee
  • Boardroom (open at 12pm UTC)
    • Stake $CSHARE in the boardroom to earn $CUSD rewards
    • During expansion, newly minted $CUSD rewards are distributed as follows;
      • 40% — Reward for boardroom stakers
      • 40% — DAO fund
      • 10% — Insurance fund
      • 10% — Dev fund
    • Boardroom only prints new rewards when TWAP > 1.001
    • Epoch duration: 8 hours
    • Staked $CSHARE locked for 5 epochs and $CUSD rewards locked for 3 epochs
    • 5% stake and 5% unstake fee (sent to Insurance fund and used for buybacks and burns)
  • Tokens
    • $CUSD is the algo-stable, pegged 1:1 to BUSD
      • Initial supply: 16,741 allocated as follows:
        • 13,740— Genesis farming
        • 3,000 — Airdrop
        • 1 — Initial liquidity
    • $CSHARE is the shares token
      • Total supply: 75,501 allocated as follows:
        • 55,500 — Farming rewards (vested linearly over 730 days)
        • 5,000 — Treasury (vested linearly over 180 days — 27.78 $CSHARE/day)
        • 5,000 — Team fund (vested linearly over 180 days — 27.78 $CSHARE/day)
        • 5,000 — Future Partner Pool (Minted at start)
        • 5,000 — Insurance fund (vested linearly over 365 days — 13.7 $CSHARE/day)
        • 1 — Pre-mint for initial liquidity
    • $CBOND is the bond token
    • Antibot mechanism: 3 seconds transaction delay on $CUSD/$CSHARE
    • Operator transferred to Treasury for $CUSD [tx], $CSHARE [tx] and $CBOND [tx]

Blockchain

BSC

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