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Home All Events Defender Finance Boardroom Launch

Date

Jan 12 2023
Expired!

TimeUTC

2:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jan 11 2023
  • Time: 9:00 pm

Status

Active

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

Blockchain

BSC

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