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Home All Events - Ape O'Clock Rodeo Finance Relaunch

Date

Jul 24 2023
Expired!

TimeUTC

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 24 2023
  • Time: 8:00 am

Status

Active

Rodeo Finance Relaunch

Launch on Arbitrum. The team has not announced a time, only that it is July 24. This time is a placeholder.

Relaunch of an undercollateralized leverage protocol, after an $880k exploit. Remediation plan is in progress.

DETAILS
  • Relaunch & Remediation Details
    • The protocol lost $880k in an exploit
    • $500k initial + $75k every week will be deposited to the lending pools for lenders to redeem
    • Farms using the Rodeo Camelot v2 TWAP price oracle (origin of the exploit) have been removed
    • Farms live at relaunch:
      • GLP
      • plvGLP
      • Remaining farms will relaunch after final risk assessment is concluded
        • The withdraw function will open for those who were in a farm that is not yet re-opened
  • Tokenomics
    • Max supply: 100,000,000 RDO
      • 9.6% – seed round
      • 12% – public sale
      • 4.5% – POL
      • 1% – airdrops
      • 30% – liquidity provider rewards
      • 10% – partner invcentives
      • 17.9% – ecosystem
      • 15% – team
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