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Home All Events UNI Finance AVAX LP Farms & Boardroom Launch

Date

Jul 03 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 03 2022
  • Time: 12:00 pm

Status

Rugged

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
  • Roadmap includes cross-chain launches, algo stable 3.0
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