Iron Bank Fair & Staking Launch

Iron Bank is deploying on Fantom.

DETAILS

• FTM-IB liquidity will be provided at 1pm UTC (the time this event is set for)
• IB rewards begin at 2pm UTC
• Initial supply of IB: 7,300,000
  • 1% to initial liquidity on Spooky Swap
  • 2% to protocol owned liquidity
  • 17% to stability and safety
  • 20% to contributors, vested over 4 years
  • 20% to AMM incentives
  • 40% to initial distribution (offered to CREAM holders in the form of veIB, any unclaimed are returned to the treasury)
• Lock your IB and receive veIB
• veIB holders receive 50% of Iron Bank protocol fees, distributed weekly
• Stake FTM-IB LP for more IB
• Supply assets to select markets and earn IB:
  • WFTM: 7,122
  • ETH: 3,561
  • BTC: 1,425
  • USDC: 10,684
  • DAI: 10,684
  • MIM: 10,684
  • fUSDT: 4,274
  • FRAX: 1068
  • TUSD: 1068
  • UST: 1068
  • YFI: 712
• This first reward program will last 2 weeks