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]