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Home All Events - Ape O'Clock Palace Finance Boadroom Launch

Date

Apr 11 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Apr 11 2023
  • Time: 10:00 am

Status

Rugged

Palace Finance Boadroom Launch

April 4 update – the site and socials were deleted.

New algorithmic stablecoin pegged 0.01:1 to ETH on Arbitrum.

DETAILS
  • Boardroom
    • Stake $LKEY in the Boardroom to earn $pETH rewards
    • During expansion, newly minted $pETH rewards will be distributed as follows:
      • 77% — Reward to Boardroom stakers
      • 18% — DAO fund
      • 5% — DEV fund
    • Boardroom only prints new $pETH tokens when TWAP > 1.01
    • Epoch duration: 8 hours
    • Staked $LKEY is locked for 6 epochs and $pETH rewards locked for 3 epochs (every deposit/claim/withdrawal resets the lockup timer)
  • Tokens
    • $pETH is the algo-stable, pegged 0.01:1 to ETH
      • Initial supply: 3,224
        • 3,024 — Genesis rewards
        • 200 — Initial liquidity (pETH/WETH)
    • $LKEY is the NFT token similar to a shares token, which can be staked in genesis and boardroom and exchanged for future Palace NFTs
      • Total supply: 2,000
      • Cost: 0.2 ETH
      • Maximum amount per wallet: 10
      • Mint funds distributed as follows;
        • 40% — DAO fund
        • 30% — pETH buyback
        • 30% —Team
    • $PBOND is bond token

Blockchain

Arbitrum