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.
- 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