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;
    • 50% — SWDB/ETH
    • 40% —SHDB/WBNB
    • 10% — CHAM/ETH (Champion Finance)
  • 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