Fuzz Finance LP Farms & Boardroom Launch
July 21 update – Fuzz Finance links, on their homepage, to https://twitter.com/fuzzfinance as their Twitter account. @FuzzFinance says they are not associated with this project.
New Tomb fork on Fantom.
❌ No docs published yet, at time of review.
DETAILS
- LP Farms
- Duration: 365 days
- End Time: July 24, 2023 5:00 PM UTC
- Stake $FUZZ in the LP farms to earn $ROCKET rewards
- 35,000 $ROCKET rewards distributed across the following pools:
- 30% — $FUZZ / USDC LP pool
- 20% — $FUZZ / fUSDT LP pool
- 15% — $ROCKET / USDC LP pool
- 15% — $ROCKET / fUSDT LP pool
- 10% — $FUZZ / ROCKET LP pool
- ❌ Total pool allocation points adds up to 90%
- 1% deposit fee on LP pools
- No withdrawal fee
- Operator can drain the pools 90 days after farms ends
- Boardroom
- Boardroom opens 2 hours after LP Farms open
- Stake $ROCKET in the boardroom to earn $FUZZ rewards
- During expansion, newly minted $FUZZ rewards are distributed as follows;
- 80% — Reward for boardroom stakers
- 18% — DAO fund
- 2% — Dev fund
- Epoch time: 6 hours
- Staked $ROCKET be locked for 6 epochs. Timer resets on every stake and rewards claim
- $FUZZ rewards will be locked for 3 epochs. Timer resets on every rewards claim and stake
- 7.5% sell tax on $FUZZ, applied when token price is under peg
- Tokens
- $FUZZ is the algo-stable, pegged 1:1 to USDC
- 7.5% sell tax applied when token price is under peg
- Initial supply: 20,010; allocated as follows:
- 20,000 — Genesis pool
- 10 — Pre-minted for initial liquidity
- $ROCKET is the shares token
- Total supply: 70,001; allocated as follows:
- 45,000 — Farming rewards (vested linearly over 365 days)
- 7,000 — Dev fund (vested linearly over 365 days; approx. 19 $ROCKET/day)
- 10,000 — DAO fund (vested linearly over 365 days; approx. 27.4 $ROCKET/day)
- 8,000 — Insurance fund
- 1 — Pre-minted for initial liquidity
- Total supply: 70,001; allocated as follows:
- $FBOND is the bond token
- $FUZZ is the algo-stable, pegged 1:1 to USDC
- Ownership renounced for GenesisRewardPool, $FUZZ, $ROCKET, $FBOND contracts
- Operator transferred to Treasury for $FUZZ, $ROCKET, $FBOND, Boardroom contracts
- ❌ Contract creator is the Operator for all other contracts, at time of review on July 21, 2022