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Home All Events Toast Finance LP Farms & Boardroom Launch

Date

Sep 09 2022
Expired!

TimePacific Time

10:00 am

Your Time

  • Timezone: America/New_York
  • Date: Sep 09 2022
  • Time: 1:00 pm

Status

Active

Toast Finance LP Farms & Boardroom Launch

New algorithmic stablecoin pegged 10:1 to DAI on BSC.

DETAILS
  • LP Farms (begins at 5pm UTC)
    • Duration: 350 days
    • Stake LP tokens in the farms to earn $BREAD
    • 29,999 $BREAD distributed across the following pools;
      • 35,500 — $TOAST / DAI LP pool
      • 24,000 — $BREAD / DAI LP pool
    • No deposit fee in the farms
    • 7 days vesting duration
    • 1% withdrawal tax if rewards withdrawn within the vested allowance, else 10% early withdrawal tax
  • Boardroom (begins at 6pm UTC)
    • Stake $BREAD in the boardroom to earn $TOAST rewards
    • During expansion, newly minted $TOAST rewards are distributed as follows;
      • 60% — Reward for boardroom stakers
      • 24% — Rebate Treasury
      • 8% — DAO fund
      • 8% — Dev fund
    • Boardroom only prints new rewards when TWAP > 1.01
    • Epoch duration: 6 hours
    • Staked $BREAD locked for 4 epochs and $TOAST rewards locked for 2 epochs
  • Tokens
    • $TOAST is the algo-stable, pegged 10:1 to DAI
      • Initial supply: 20,421; allocated as follows:
        • 20,000 — Genesis pool
        • 401 — Initial liquidity
        • 10 — Zapped into $TOAST/DAI LP farm
        • 10 — Held by contract creator (at time of review)
    • $BREAD is the shares token
      • Total supply: 37,000; allocated as follows:
        • 29,999 — Farming rewards (vested linearly over 350 days —85.7 $BREAD/day)
        • 3,500 — Community fund (vested linearly over 160 days — 21.87 $BREAD/day)
        • 3,500 — Dev fund (vested linearly over 160 days — 21.87 $BREAD/day)
        • 1 — Pre-mint for initial liquidity
    • $CRUST is the bond token
    • Token ownership renounced for $TOAST [tx]
  • Features
    • Rebates — purchase discounted $TOAST with DAI; 15% discount; 10 days linear vesting period
    • Auto compounder — built-in compounder vaults
      • 2 hours compound cycle or whenever another user claims the bounty using the Harvest function
      • 4% performance fee on claimed reward; used for buybacks and burn of $TOAST
      • withdrawal tax applies
    • Fire Tax — 10% sell tax on $TOAST and $BREAD when at (or over) peg (use built-in zap feature to avoid tax during LP creation)
      • Fire tax will be used for to buyback and burn $TOAST
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