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).

DETAILS

• 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

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