Typhoon Finance LP Farms & Boardroom Launch

August 20 – rugged.

New algorithmic stablecoin pegged to 1 WCRO on Cronos.

DETAILS

• Schedule
  • LP Farms: 1:00 PM UTC
  • Boardroom: 2:00 PM UTC

• LP Farms
  • Duration: 9 months
  • End Time: May 8, 2023 1:00 PM UTC
  • Stake LP tokens in the LP farms to earn $TSHARE rewards
  • 600,000 $TSHARE rewards distributed across the following pools:
    • $TYPHOON / WCRO LP pool
    • $TSHARE / WCRO LP pool
    • ❌ No information on the individual pool allocations
  • No deposit or withdrawal fee
  • Operator cannot drain the pools after farms ends

• Boardroom
  • Stake $TSHARE in the boardroom to earn $TYPHOON rewards
  • During expansion, newly minted $TYPHOON rewards are distributed as follows;
    • 62% — Reward for boardroom stakers
    • 18% — DAO fund
    • 20% — Dev fund
  • Epoch time: 6 hours
  • Staked $TSHARE locked for 6 epochs
  • $TYPHOON rewards locked for 3 epochs

• 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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