Champion Finance UVIC Trophy Room Launch

Champion Finance is launching Trophy Rooms, which replace the traditional Boardroom with a new mechanism, described below. This post is for the UVIC Trophy Room launch.

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:
    - UVIC-USDC.e LP: 45% of ChamETF rewards, 40% of AOEA rewards
    - CHAM: 45% of ChamETF rewards, 40% of AOEA rewards
    - Additional TBA pool voted on by users
    - Additional marketing/partnership pool TBA
- 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