Whitehole Finance Genesis Launch

Multi-assets lending and borrowing protocol on Arbitrum.

DETAILS

• Launch Details
  • Deposit and borrow crypto assets to earn $GRV rewards
  • 200,000,000 $GRV rewards will be distributed during genesis (no information available on how long genesis will last)
  • $GRV rewards increase as the Total Value Locked (TVL) increases
    • 1M TVL – 3,000,000 $GRV rewards
    • 3M TVL – 5,000,000 $GRV rewards
    • 5M TVL – 10,000,000 $GRV rewards
    • 10M TVL – 20,000,000 $GRV rewards
  • $GRV rewards earned can be staked in Vaults to get an APR boost, and receive protocol earnings rebates such as; BTC and ETH
  • No deposit or withdrawal fees
  • No deposit lock up or vesting on rewards
  • During the Genesis, all features except for GRV/USDT trading will be activated
  • $GRV token has not launched; $GRV IDO is scheduled for April 24 (may be earlier)
  • Whitehole Mainnet launch is scheduled for May 7 (may be earlier)

• Tokenomics
  • Token symbol: GRV
  • Total supply: 1,000,000,000
    • 5% — Presale/IDO
    • 40% — Community incentive (vested over 10 years)
    • 10% — Ecosystem/marketing (Reserved for marketing rewards, pre-minted in a multisig)
    • 20% — Team (linearly vested over 3 years)
    • 15% — Reserves/partnerships (pre-minted in a multisig)
    • 10% — Protocol Owned Liquidity (pre-minted in a multisig , 5% used for initial liquidity)