Crypt Finance Boardroom Launch
June 3 update – the team has not been present in the Discord for 3 days and the protocol has $7 TVL; we are considering this abandoned.
New tomb fork launch on Fantom.
DETAILS
- Boardroom
- Stake $CRYPT in the boardroom to earn $CORPSE rewards
- During expansion, newly minted $CORPSE rewards are distributed as follows;
- 80% – Rewards for Boardroom stakers
- 15% – DAO Fund
- 5% – DEV Fund
- Boardroom will not mint $CORPSE tokens while time weighted average price; TWAP < 1.01
- 65% of newly minted $CORPSE during debt phase is allocated to the Treasury Fund to prepare for the $COFFIN Redemption
- Staked $CRYPT will be locked for 4 epochs (6 hours/epoch). Timer resets on every stake and rewards claim
- $CORPSE rewards will be locked for 2 epochs (6 hours/epoch). Timer resets on every rewards claim and stake
- $COFFIN will be available for purchase when $CORPSE falls below peg
- Tokens
- $CORPSE is the algo-stable, pegged to 1 DAI, with an initial supply of 24,001; allocated as follows:
- 24,000 – Genesis Pool
- 1 – Pre-minted for Initial Liquidity
- $CRYPT is the shares token, with a total supply of 50,001; allocated as follows:
- 50,000 – Farming Rewards
- 5,000 – Community Fund (vested linearly over 12 months)
- 5,000 – Dev Fund (vested linearly over 12 months)
- 1 – Pre-minted for Initial Liquidity
- $COFFIN is the bond token
- $CORPSE is the algo-stable, pegged to 1 DAI, with an initial supply of 24,001; allocated as follows: