Spartacadabra Liquidity Bootstrap Launch
Fork of Spartacus and by the same team.
DETAILS
- Three token system: CHARM, sCHARM and LAMBDA
- CHARM details:
- Total supply: 210,000,000,000
- 15% to Spartacadabra DAO
- 15% to the team, unlock begins at 6 month cliff, then linear vesting over 4 years
- 50% to farming incentive pool
- 20% to liquidity bootstrap event, any unsold go back to the farming incentive pool
- At launch, there will be 2 pools with CHARM rewards: Lambda – 2Pool (Dai/USDC) Curve LP on Fantom and CHARM-USDC SLP on Fantom
- Total supply: 210,000,000,000
- sCHARM details:
- Stake CHARM to get sCHARM (staking has a 24 hour lockup)
- sCHARM holders receive:
- CHARM tokens accumulated in the CHARM fee pool, including interest & borrow fees of the collateral and 10% of liquidation fees
- Governance voting rights
- LAMBDA details:
- USD pegged stablecoin backed by interest bearing tokens
- CHARM LBP follows Balancer Liquidity Bootstrap Pool protocol
- Pool weighting starts high, then decreases over time
- 48 hours long
- 40% of the raised funds will go to initial liquidity
Liquidity and staking launch on December 5.
Blockchain
