Typhoon Finance Genesis Pools Launch

August 20 – rugged.

New algorithmic stablecoin pegged to 1 WCRO on Cronos.

DETAILS

• Genesis Pools
  • Duration: 2 days
  • 182,000 $TYPHOON rewards distributed across the following pools:
    • 40% — WCRO pool
    • 30% — USDT pool
    • 30% — USDC pool
  • No deposit or withdrawal fee
  • Operator cannot drain pools anytime after genesis ends –“governanceRecoverUnsupported” function removed

• Tokens
  • $TYPHOON is the algo-stable, pegged 1:1 to WCRO
    • Initial supply: 182,011; allocated as follows:
      • 182,000 — Genesis pool
      • 11 — Initial circulating supply
  • $TSHARE is the shares token
    • Total supply: 101,001; allocated as follows:
      • 600,000 — Farming rewards (vested linearly over 270 days)
      • 500,000 — Cross-chain deployment (claim to be locked for 365 days)
      • 29,000 — Treasury fund (vested linearly over 120 days — 241.67 $TSHARE /day)
      • 60,000 — Dev fund (vested linearly over 120 days — 500 $TSHARE /day)
      • 1,000 — Held in treasury fund for marketing (no vesting)
      • 1 — Pre-mint for initial liquidity
  • $TBOND is the bond token

• Ownership renounced for GenesisPool [tx], $TYPHOON [tx], $TBOND [tx] contracts
• Operator transferred to Treasury for $TYPHOON [tx], $TSHARE [tx], $TBOND [tx], Boardroom [tx] contracts

• Roadmap includes launch of TyphoonSwap, cross-chain launch, lending & borrowing

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