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Home All Events Nightlife Finance VODKA Boardroom Launch

Date

Aug 13 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 13 2022
  • Time: 10:00 am

Status

Active

Nightlife Finance VODKA Boardroom Launch

New algorithmic stablecoin pegged 5:1 to USDC on Cronos.

This is a layer-2 launch of an algorithmic stablecoin from the Nightlife Finance team.

DETAILS
  • Boardroom (“Red District”)
    • Stake $VODSHARE in the boardroom to earn $VODKA rewards
    • During expansion, newly minted $VODKA rewards are distributed as follows;
      • 75% — Reward for boardroom stakers
      • 20% — DAO fund
      • 5% — Dev fund
    • Epoch time: 6 hours
    • Staked $VODSHARE locked for 4 epochs
    • $VODKA rewards locked for 2 epochs
  • Tokens
    • $VODKA is the algo-stable, pegged 5:1 to USDC
      • Initial supply: 40,500; allocated as follows:
        • 30,000 — Genesis pool
        • 500 — Initial LP wallet
        • 10,000 — Pre-mint for initial liquidity
    • $VODSHARE is the shares token
      • Total supply: 31,010; allocated as follows:
        • 30,000 — Farming rewards (vested linearly over 365 days)
        • 800 — DAO fund (vested linearly over 365 days — 2.19 $VODSHARE /day)
        • 200 — Dev fund (vested linearly over 365 days — 0.55 $VODSHARE /day)
        • 10 — Pre-mint for initial liquidity
    • $VODBOND is the bond token
  • Ownership renounced for GenesisPool [tx], $VODKA [tx] contracts
  • Operator transferred to Treasury for $VODKA[tx], $VODBOND [tx] contracts
Related Posts

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