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Home All Events Lycan Finance Boardroom Launch

Date

Sep 06 2022
Expired!

TimePacific Time

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 06 2022
  • Time: 3:00 pm

Status

ActiveFeatured

Lycan Finance Boardroom Launch

ALERT

Disclaimer: Hard rug code was discovered in the initial GenesisPool contract as reported by RugDoc. New contracts were deployed but with different rug code added (infinite allocation via Treasury, drain boardroom, drain rewards from Genesis).

New algorithmic stablecoin pegged 1:1 to BUSD on BSC.

DETAILS
  • Boardroom
    • Stake $LSHARE in the Boardroom to earn $LYCAN
    • During expansion, newly minted $LYCAN rewards are distributed as follows;
      • 90% — Reward for $LSHARE Boardroom stakers
      • 8% — Treasury
      • 2% — Dev fund
    • Epoch duration: 6 hours
    • Staked $LSHARE locked for 6 epochs and $LYCAN rewards locked for 3 epochs
  • Tokens
    • $LYCAN is the algo-stable, pegged 1:1 to BUSD
      • Initial supply: 22,000 allocated as follows:
        • 20,000 — Genesis farming
        • 2,000 — Airdrop
    • $LSHARE is the shares token
      • Total supply: 100,001 allocated as follows:
        • 85,000 — Farming rewards (vested linearly over 350 days)
        • 13,000 — Treasury (vested linearly over 150 days — 86.67 $LSHARE/day)
        • 2,000 — Team (vested linearly over 300 days — 6.67 $LSHARE/day)
        • 1 — Pre-mint for initial liquidity
    • $LBOND is the bond token
    • Token ownership renounced for $LYCAN contract [tx]

Whitepaper

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