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Home All Events Champion Finance EVIC Trophy Room Launch

Date

Nov 05 2022
Expired!

TimePacific Time

12:00 am

Your Time

  • Timezone: America/New_York
  • Date: Nov 05 2022
  • Time: 3:00 am

Status

Active

Champion Finance EVIC Trophy Room Launch

November 3 update – launch delayed to November 5, as follows:

EVIC Tropy Room: November 5, 7 UTC

BVIC Trophy Room: November 8, 7 UTC

UVIC Trophy Room: November 10, 7 UTC

Champion Finance is launching Trophy Rooms, which replace the traditional Boardroom with a new mechanism, described below.

DETAILS
  • Features
    • When a peg token’s TWAP >= 1.01, the Boardroom will print and all new tokens will be sent to the DAO/POL
    • DAO/POL will sell some of the peg token, above peg, and some will be sent to a Rebates contract
    • Hard assets gained via selling peg tokens & Rebates contract will be allocated as follows:
      • 7.5% to DAO/POL
        • When TWAP < 1.0, these funds will be used to buyback the peg token
      • 10% to DAO/POL peg token liquidity
      • 75% to Trophy Room stakers via the ChamETF token
        • Hard assets in the Trophy Room are traded to reach a “certain proportion” in the ChamETF contract, and then ChamETF is minted and distributed among Trophy Room stakers
      • 7.5% to the team
    • Trophy Room stakers also receive $AOEA rewards, vested linearly
    • $AOEA can be burnt for $AOE, their DEX reward token, once the DEX is launched
    • Each peg token will have it’s own Trophy Room
      • Initial pool allocations:
        • EVIC-WETH LP: 45% of ChamETF rewards, 35% of AOEA rewards
        • CHAM: 45% of ChamETF rewards, 35% of AOEA rewards
        • CHAMETF: 0% of CHAMETF rewards, 10% of AOEA rewards
        • CHAM-AOEA LP: 5% of ChamETF rewards, 10% of AOEA rewards
        • aAvaWETH: 5% of ChamETF rewards, 10% of AOEA rewards
    • Staked funds are locked for 5 days, additional deposit/withdrawal resets the time
      • Emergency withdraw before the lock incurs a 0.5 * x days remaining in the lock fee, + all unclaimed rewards
    • No lock on ChamETF and AOEA rewards
    • No deposit or withdrawal fee
  • Tokens
    • Algo-stable tokens:
      • $BVIC is the algo-stable, pegged 1:1 to BTC.b
      • $UVIC is the algo-stable, pegged 1:1 to USDC
      • $EVIC is the algo-stable, pegged 1:1 to WETH.e
    • $CHAM is the shares token (across all algo-stable tokens)
      • Total supply: 72,001
        • 61,200 — LP Farm & Node rewards (vested linearly over 12 months)
        • 5,400 — DAO fund (vested linearly over 12 months)
        • 5,400 — Team fund (vested linearly over 12 months)
        • 1— Pre-mint for initial liquidity
    • $AOE is the DEX rewards token
      • Total supply: 100,000
        • 25,000 to EVIC Trophy Room rewards, vested linearly over 9 months
        • 25,000 to UVIC Trophy Room rewards, vested linearly over 9 months
        • 25,000 to BVIC Trophy Room rewards, vested linearly over 9 months
        • 20,000 to DAO/POL, vested linearly over 9 months
        • 10,000 to the team, vested linearly over 9 months
    • ChamETF is the Trophy Room rewards token, and is not tradable
      • No max or minimum supply, this token mints and burns per the protocol
      • To mint:
        • Bond multi-assets: WBTC.e/ WETH.e/ WAVAX/ USDC.e/ CHAM at the current ChamETF proportion
        • Bond single assets: USDC.e or WAVAX
      • To burn:
        • Redeem for hard assets: WBTC.e/ WETH.e/ WAVAX/ USDC.e/ CHAM at the current ChamETF proportion
        • Redeem for USDC.e or WAVAX
        • 1% burn fee, all to POL

Blockchain

AVAX

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