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Home All Events Defender Finance LP Farms and Citadel Launch

Date

Jan 11 2023
Expired!

TimeUTC

2:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jan 10 2023
  • Time: 9:00 pm

Status

Active

Defender Finance LP Farms and Citadel Launch

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

DETAILS
  • LP Farms (‘Depot’)
    • Farming emissions will last for 18 months
    • Stake LP tokens to earn SHDB rewards
    • 14,400 SHDB rewards to be distributed across the following pools;
    • No deposit or withdrawal fee in farms
    • Boardroom is scheduled to open for deposits on January 11, 2pm UTC and rewards begins on January 12, 2am UTC
  • ROI-LP Node (‘Citadel’)
    • Bond (deposit) SWDB/ETH LP to mint Citadel (CLB) tokens and earn 365% total yield (in CLB) of all deposits and subsequent compounds in the Citadel contract’s lifetime
    • Users can manually claim or compound rewards
    • CLB tokens are burnt with each reward claim
    • CLB tokens can be sold/bought on the P2P Rebates function
    • With every LP deposit,
      • 90% goes to Pool balance,
      • 10% is allocated as follows:
        • 4% to Protocol Owned Liquidity
        • 6% to existing users as instant rewards; distributed among the total pool stakers
  • 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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