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Home All Events Panda Finance Boardroom Launch


Jun 24 2022

TimePacific Time

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jun 24 2022
  • Time: 3:00 pm



Panda Finance Boardroom Launch

June 25 update – the project was rugged, again. The remaining team says it was a rogue developer.

Tomb fork on Avalanche. They are re-launching after an exploit or hack in May.

  • Stake PDAO in the boardroom for PND rewards
  • During expansion, newly minted PND is distributed as follows:
    • 75% to PDAO stakers in the boardroom
    • 20% to the DAO
    • 5% to the team
  • PND is the algo-stable, pegged to USDC
  • PDAO is the shares token, with a max supply of 50,000:
    • 38,000 for farming rewards
    • 6000 for the DAO, vested over 250 days
    • 4500 for the team, vested over 250 days
    • 1500 for marketing, vested over 250 days
  • PBOND is the bonding token
  • Nodes returning 1% – 3% daily in PND are on the roadmap, but there is no launch date yet
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