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Home All Events - Ape O'Clock Spartacadabra Liquidity Bootstrap Launch

Date

Dec 01 2021
Expired!

TimePacific Time

4:00 am

Your Time

  • Timezone: America/New_York
  • Date: Dec 01 2021
  • Time: 7:00 am

Status

Active

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
  • 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

FTM