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Home All Events - Ape O'Clock Sector Finance Liquidity Launch

Date

Apr 02 2023
Expired!

TimeUTC

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Apr 02 2023
  • Time: 1:00 pm

Status

Active

Sector Finance Liquidity Launch

Token launch for an automated yield farming portfolio and strategy protocol on Arbitrum.

DETAILS
  • Launch Details
    • Token will be listed on Camelot
    • Token pair: SECT/USDC
    • Listing price: $0.262
    • Presale price: same as listing price
      • $2,623,483 raised in presale on Camelot ($4,000,000 hard cap)
      • Vesting: ⅓ in veSECT staked for 3 months; remaining in unvested SECT
    • Initial circulating market cap: $2,540,00
    • Initial total liquidity: $1,574,000
      • 30% of presale funds ($787,000 + equivalent amount of $SECT)
    • Taxes: 0%
    • Sector Finance dApp
  • Mechanics & Features
    • Deposit in risk-tiered strategy aggregated vaults and earn yield in USDC or ETH
    • Current available deposit tokens – USDC and ETH
    • Products include;
      • Galileo Engine: risk analytics platform
      • Single strategy vaults: delta-neutral strategies
      • Aggregator vaults: bundled versions of the single strategy vaults categorized by risk levels
    • Withdrawal requests are processed during each harvest; harvest occur approximately once per day
    • 10% performance fee on vaults
    • $SECT holders can lock $SECT and receive veSECT (vote-escrowed $SECT)
    • veSECT holders receive governance rights, share of protocol fees and emissions
    • $veSECT is non-liquid and non-transferable, the amount gradually decays until the locking period expires and then $SECT can be claimed
  • Tokenomics
    • Token symbol: SECT
    • Total supply: 100,000,000
      • 10% — Presale
      • 20% — Treasury (vested over 5 years)
      • 45% — Ecosystem (vested over 5 years)
      • 17.5% — Team & advisors (10% unlocks after 6 months cliff, then vested over 24 months; advisor allocation (1%) unlocks after 3 months cliff
      • 7.5% — New Order Incubator (10% unlocks after 6 months cliff, then vested over 24 months)
    • No taxes
Links & Resources
Related Launches

Blockchain

Arbitrum