Terrific Finance Genesis Pools Launch
April 28 update – site and socials are gone, RugDoc reports they stole deposited AVAX.
New synthetic token launch (Fantasm fork) on Avalanche.
- Max supply: 30,000,000 TRFC
- 21,000,000 TRFC to staking pools
- 3,000,000 TRFC to dev wallet with 2 years vesting & 8 weeks cliff
- 3,000,000 TRFC to treasury with 3 years vesting
- 3,000,000 TRFC to DAO with 3 years vesting
- Each minting and redeeming of synthetic assets like TAVAX on Terrific incurs a 0.30% and 0.50% fee, respectively
- Farmed TRFC have 8 weeks vesting period
- Vesting, Staking, Locking and Fee Distribution will be after 7 days (epochs)
- Stakers also earn 50% of the penalty fee from TRFC/AVAX and stable pool farmers who claim early
- TAVAX is the fractional algo synthetic token, pegged to the price of 0.1 AVAX
- TRFC is the farming / utility token