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Home All Events Typhoon Finance Genesis Pools Launch

Date

Aug 09 2022
Expired!

TimePacific Time

6:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 09 2022
  • Time: 9:00 am

Status

Rugged

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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