Waterfall Finance WTF Boardroom Launch

July 16 update – relaunch sequence begins on July 17, with all new contracts.

July 15 update – team is planning to relaunch the protocol on July 16, it appears there were some issues with treasury contract, and they will be pegging 1:1 to BUSD.

New tomb fork launch on BSC from Waterfall Finance team, that previously launched yield farms on BSC and Fantom.

DETAILS

• Boardroom
  • Stake $W2SHARE in the boardroom to earn $WTF2 rewards
  • During expansion, newly minted $WTF2 rewards are distributed as follows;
    • 75% – Rewards for Boardroom stakers
    • 20% – $WTF2 stakers
    • 5% – DAO Fund
  • Epoch time: 6 hours
  • Staked $W2SHARE will be locked for 5 epochs. Timer resets on every stake and rewards claim
  • $WTF2 rewards will be locked for 3 epochs. Timer resets on every rewards claim and stake
  • Boardroom will not mint $WTF2 tokens while time weighted average price; TWAP < 1.01

• $WTF2 rewards can be staked in the $xWTF vault to increase the ratio of WTF2 to xWTF

• Tokens
  • $WTF2 is the algo-stable, pegged 1:1 to BUSD
  • $W2SHARE is the shares token
    • Total supply: 55,001, allocated as follows:
      • 50,000 – Farming Rewards (vested over 12 months; approx. 137/day)
      • 5,500 – Team Fund (vested linearly over 12 months; approx. 15/day)
      • 1 – Pre-minted for Initial Liquidity
  • $W2BOND is the bond token
  • $xWTF is the governance token, earned by staking $WTF2

• Token ownership renounced for $WTF2 and $W2SHARE contracts
• Token operator transferred to Treasury for $WTF2 and $W2SHARE contracts

• Roadmap includes launch of an auto-compounder and NFT staking

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