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Home All Events Fuzz Finance LP Farms & Boardroom Launch

Date

Jul 24 2022
Expired!

TimePacific Time

10:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 24 2022
  • Time: 1:00 pm

Status

Active

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
    • $FBOND is the bond token
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