Nightlife Finance VODKA LP Farms 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

• LP Farms (“Night Club”)
  • Duration: 365 days
  • End Time: August 11, 2023 2:00 PM UTC
  • Stake LP tokens in the LP farms to earn $VODSHARE rewards
  • 30,000 $VODSHARE rewards distributed across the following pools:
    • 12,000— $VODSHARE / USDC LP pool
    • 10,000 — $VODKA / USDC LP pool
    • 4,000 — WHISHARE / WCRO LP pool (WHISHARE is the share token from Nightlife Finance layer-1 algo-stable protocol)
    • 4,000 — WHISKEY / WCRO LP pool (WHISKEY is the peg token from Nightlife Finance layer-1 algo-stable protocol)
  • No deposit or withdrawal fee on LP pools
  • Operator can drain the pools 90 days after farms ends

• 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

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