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Home All Events Fairy Finance Genesis Pools & LP Farms Launch

Date

Aug 08 2022
Expired!

TimePacific Time

11:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Aug 09 2022
  • Time: 2:00 am

Status

Active

Fairy Finance Genesis Pools & LP Farms Launch

New algorithmic stablecoin pegged to 1 WCRO on Cronos.

DETAILS
  • Schedule
    • Genesis pools: 6:00 am UTC
    • LP Farms: 10:00 am UTC
  • Genesis Pools (“Fairyland”)
    • Duration: 24 hours
    • 12,000 $UNICORN rewards distributed across the following pools:
      • 5,000 — $UNICORN / WCRO LP pool
      • 2,500 — USDC pool
      • 2,000 — WCRO pool
      • 1,000 — USDT pool
      • 500 — MMF pool
      • 1,000 — MINE pool (MINE is the shares token from Dark Crystal Finance)
    • 1% deposit fee on non-native pools
    • No withdrawal fee
    • Operator can drain pools 90 days after genesis ends
  • LP Farms (“Fairyland”)
    • Duration: 365 days
    • End Time: August 14, 2023 10:00 AM UTC
    • Stake LP tokens in the LP farms to earn $WINGS rewards
    • 30,000 $WINGS rewards distributed across the following pools:
      • 50% — $UNICORN / WCRO LP pool
      • 50% — $WINGS / WCRO LP pool
    • No deposit or withdrawal fees on LP pools
    • Operator can drain the pools 90 days after farms ends
  • Tokens
    • $UNICORN is the algo-stable, pegged 1:1 to WCRO
      • Initial supply: 13,201; allocated as follows:
        • 12,000 — Genesis pool
        • 1,200 — Airdrops (unlocked and held by contract creator, at time of review)
        • 1 — Pre-mint for initial liquidity
    • $WINGS is the shares token
      • Total supply: 38,001; allocated as follows:
        • 30,000 — Farming rewards (vested linearly over 365 days)
        • 4,000 — Community fund (vested linearly over 300 days — 13.33 $WINGS/day)
        • 4,000 — Dev fund (vested linearly over 300 days — 13.33 $WINGS /day)
        • 1 — Pre-mint for initial liquidity
    • $MAGICBOND is the bond token
  • Features
    • Nodes mechanism
      • Node pools where users can lockup $UNICORN to earn higher $UNICORN rewards
      • Cost: 50 $UNICORN / node
      • Unlimited nodes per wallet
      • Up to 3% daily ROI and maximum of 500% ROI
      • Every week, the wallet with the most nodes is awarded 5 $WINGS
      • Weekly draw to win 5 $WINGS. 1 node = 1 entry
      • 10% of the node pool will be distributed to Fairy NFT (planned) holders monthly
    • Rebates mechanism
      • purchase discounted $WINGS with either WCRO, $UNICORN / WCRO LP or $WINGS / WCRO LP
      • between 5-10% discount on $WINGS
      • purchased $WINGS is vested linearly over 3 days
      • $WINGS is sent to the rebate contract twice a day at 3pm and 3am UTC
      • $WINGS sent to rebate contract will vary depending on DAO reserves
      • rebates may be turned off to sustain protocol health i.e. if WINGS price is low
  • ❌ Ownership of $UNICORN has been renounced, but ownership of WINGS is not renounced (at the time this post is published)
  • Operator transferred to Treasury for $UNICORN [tx], $WINGS [tx], $MAGICBOND [tx], Boardroom [tx] contracts
  • Roadmap includes Fairy NFT collection launch, LP Node collaborations with other protocols, launch of casino game
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