UNI Finance AVAX LP Farms & Boardroom Launch

July 4 update – site and socials are gone. Team drained liquidity.

New Tomb fork layer on Avalanche from UNI Finance team, that previously launched a Tomb fork on Fantom.

DETAILS

• LP Farms
  • Stake LP tokens in the farm to earn $UNI rewards
    • 170,000 $UNI rewards will be distributed across the following pools:
      • 60% – $uAVAX / WAVAX LP pool
      • 40% – $UNI / WAVAX LP pool
    • 2% deposit fee on LP pools
  • $UNI rewards will last for 12 months, ending July 3, 2023 4:00:00 PM

• Boardroom
  • Boardroom opens 2 hours after LP Farms
  • Stake $UNI in the boardroom to earn $uAVAX rewards
  • During expansion, newly minted $uAVAX rewards are distributed as follows;
    • 80% – Rewards for Boardroom stakers
    • 18% – DAO Fund
    • 2% – Dev Fund
  • Epoch time: 6 hours
  • 28 epoch bootstrap period
  • Staked $UNI will be locked for 6 epochs. Timer resets on every stake and rewards claim
  • $uAVAX rewards will be locked for 3 epochs. Timer resets on every rewards claim and stake
  • Boardroom will not mint $uAVAX tokens while time weighted average price; TWAP < 1.01

• Tokens
  • $uAVAX is the algo-stable, pegged to 1 AVAX
    • Initial supply: 3,505; allocated as follows:
      • 3,500 – Genesis Pool
      • 5 – Pre-minted for Initial Liquidity
  • $UNI is the shares token
    • Total supply: 170,000; allocated as follows:
      • 170,000 – Farming Rewards (vested over 12 months; approx. 465/day)
  • $bAVAX is the bond token

• Token ownership renounced for $uAVAX and $bAVAX and Genesis pool contracts
• Operator transferred to zero address for GenesisRewardsPool and GenesisRewardsPool LPs contracts,

• Roadmap includes cross-chain launches, algo stable 3.0

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