Defender Finance Boardroom Launch

Boardroom launch for a multi-chain algorithmic stablecoin protocol on BSC. Launch on Polygon planned.

DETAILS

• Boardroom (‘Fortress’)
  • Stake SHDB in the Boardroom to earn CLB rewards
  • During expansion, newly minted CLB rewards are distributed as follows;
    • 80% — Reward for Boardroom stakers
    • 10% — DAO fund
    • 10% — Dev/Protocol owned liquidity
  • Boardroom only prints new CLB tokens when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked SHDB is locked for 6 epochs and CLB rewards locked for 3 epochs (every deposit/claim/withdrawal resets the timer)

• Tokens
  • $SWDB (‘Sword’) is the algo-stable, pegged 1:1 to ETH
    • Initial supply: 15.001
      • 11.25 — Genesis rewards
      • 2.25 — Protocol Owned Liquidity
      • 1.5 — Dev fund
      • 0.001 — Pre-mint for liquidity
  • $SHDB (‘Shield’) is the shares token
    • Total supply: 18,000.1
      • 14,400 — Farming rewards (vested linearly over 18 months)
      • 1,800 — DAO fund (vested linearly over 18 months)
      • 1,800 — Dev fund (vested linearly over 18 months)
      • 0.1 — Pre-mint for liquidity
  • $CLB (‘Citadel’) is the LP node token
    • No maximum supply

• Features
  • Sell tax on SWDB and SHDB (includes LP addition/removal); use the in-app LP feature to avoid fee)
    • 0.5% sell/burn tax on $SWDB
    • 0.1% sell/burn tax on $SHDB
  • Sell limits on SWDB;
    • maximum sell amount of 0.5% of circulating supply
    • maximum of 2 continuous sell every 5 minutes