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Home All Events ChocoDoge LP Farms Launch

Date

Sep 07 2022
Expired!

TimePacific Time

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 07 2022
  • Time: 8:00 pm

Status

ActiveFeatured

ChocoDoge LP Farms Launch

New algorithmic stablecoin protocol, pegged 1:1 to USDC on DogeChain.

❌ Contracts unverified at time of review.

DETAILS
  • LP Farms
    • LP farms will run for 104 weeks
    • Stake LP tokens in the farms to earn $CD
    • 200,000 $CD to be distributed across the following pools;
      • 19,500 — $USCD/USDC LP pool
      • 19,500 — $CD/USDC LP pool (opens 1 day after $USCD/USDC pool)
    • 30,000 $CD will be distributed in the first week, then decreases by 15% weekly over 104 weeks
    • In the first 3 weeks, 35% of the $CD rewards can be claimed, with no lock up. The remaining rewards will be released 16.25% every 30 days (4 releases in total)
    • No deposit or withdrawal fee
    • $CD earned can be staked in the Boardroom to earn $USCD
    • Boardroom opens on Sept. 13
  • Tokens
    • $USCD is the algo-stable, pegged 1:1 to USDC
      • Initial supply: 100,101 allocated as follows:
        • 100,100 — Genesis farming
        • 1 — Pre-mint for Initial liquidity
    • $CD is the shares (and governance) token
      • Total supply: 200,001 allocated as follows:
        • 200,000 — Farming rewards (vested linearly over 728 days)
        • 1,000 — Pre-mint for initial liquidity
    • $USBD is the bond token

Blockchain

Dogechain

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