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Home All Events - Ape O'Clock TAI Protocol Launch

Date

May 28 2023
Expired!

TimeUTC

1:00 pm

Your Time

  • Timezone: America/New_York
  • Date: May 28 2023
  • Time: 9:00 am

Status

Active

TAI Protocol Launch

Launch of a RAI fork that will support $ETH LSDs as collateral.

DETAILS
  • Earn RATE rewards by minting TAI or providing TAI/ETH liquidity via the dApp
  • TAI is pegged to $1
  • Collateral: ETH, wstETH, rETH, cbETH and RAI
  • Minimum debt: 7500 TAI
  • Liquidation ratio: 130% – 185%
  • Stability fee: 0.5% – 4%
  • Liquidation penalty: 2% – 5%
  • $RATE Tokenomics
    • Total supply: 1,000,000 RATE
      • 10% – team (vested over 3 years)
      • 7% – treasury
      • 83% – community
        • 5% – community treasury
        • 78% – minting & LP rewards
    • Governance token
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Blockchain

ETH

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