Uni Finance FTM LP Farms and Boardroom Launch

July 4 update – site and socials are gone. Team drained liquidity after their Avalanche launch.

New Tomb fork on Fantom.

LP Farms will launch at 6pm UTC and boardroom launches at 9pm UTC.

DETAILS

• Stake uFTM-FTM LP & UNI-FTM LP in the farms to earn UNI
• Rewards will last for 365 days
• Stake UNI in the boardroom to earn more uFTM
• Deposit/ withdrawal has a lockup period of 6 Epochs, harvest lockup to 3 Epochs
• uFTM in the boardroom will be distributed as follows:
  • 80% as reward for UNI stakers
  • 18% to DAO fund
  • 2% to DEV fund
• uFTM is the algo-stable, pegged to FTM
• UNI is the shares token, with a total supply of 1,000,000
  • 830,000 for cross-chain deployment
  • 170,00 for farming rewards distributed over 12 months
  • 90,626 for the team vested linearly over 120 days
  • 45,000 for the DAO vested linearly over 120 days
  • ❌ These numbers don’t total 1,000,000; so something in incorrect in their documentation
• bFTM is the bonding token
• Token ownership for uFTM & bFTM has been renounced
• Their roadmap includes launching cross-chain

Related Posts