Private Island Finance Farms & Boardroom Launch
Tomb fork on Fantom.
The farms begin at 3pm UTC, and the boardroom begins at 3:30pm UTC (the countdown on the site appears to be incorrect, it doesn’t match the start time of the contract or the start time given in docs).
- Stake PALM in the boardroom for COCONUT rewards
- ❌ There is no information on how newly minted COCONUT is distributed – how much to stakers, how to much the team or DAO, etc.
- Stake LPs in the farms for PALM rewards
- COCONUT-TOMB: 10,000 PALM, no deposit fee
- PALM-FTM: 7000 PALM, no deposit fee
- COCONUT-PALM: 4000 PALM, no deposit fee
- COCONUT-wETH: 9000 PALM, 0.2% deposit fee
- COCONUT-USDC: 8000 PALM, 0.2% deposit fee
- PALM-USDC: 4000 PALM, 0.2% deposit fee
- COCONUT is the algo-stable, pegged to TOMB
- PALM is the shares token, with a max supply of 50,000
- 8000 PALM for the team, vested linearly over 370 days
- 42,000 PALM for farming rewards, over 370 days
- SHELL is the bonding token
- The COCONUT contract has been renounced, but the PALM contract has not