Champion Finance Boardroom & Nodes Launch

July 21 update – re-launching with new, audited contracts.

July 2 update – something went wrong with the LP farms launch – apparently there was a “rogue dev”; the team plans on relaunching / redeploying. They say they’ve taken a snapshot of holders at the time of the issue.

New tomb fork + Node hybrid launch on Avalanche.

DETAILS

• Boardroom
  • Stake $CHAM in the boardroom to earn $AVIC rewards
  • During expansion, newly minted $AVIC rewards are distributed as follows;
    • 85% — Reward for Boardroom stakers
    • 10% — DAO fund
    • 5% — DEV fund
  • Epoch: 6 hours
  • Staked $CHAM will be locked for 4 epochs. Timer resets on every stake and rewards claim
  • $AVIC rewards will be locked for 2 epochs. Timer resets on every rewards claim and stake

• Node Pools
  • NODE pools will enable users to lock $AVIC to earn higher $CHAM rewards
  • 100 $AVIC = 1 NODE
  • There are 3 pools based on time lock:
    • 1-week locked pool: maximum 7% of the total current supply of $AVIC
    • 2-week locked pool: maximum 7% of the total current supply of $AVIC
    • 3-week locked pool: maximum 7% of the total current supply of $AVIC
  • 50,000 $CHAM rewards will be distributed to NODE holders (vested linearly over 12 months)
    • 1-week locked pool: 14,710 $CHAM
    • 2-week locked pool: 16,910 $CHAM
    • 3-week locked pool: 18,380 $CHAM

• Tokens & Mechanics
  • $AVIC is the algo-stable, pegged 1:1 to USDC
    • Initial supply: 45,001 $AVIC
      • 38,250 — Genesis pool rewards
      • 6,750 — Airdrops
      • 1 — Pre-mint for initial liquidity
  • $CHAM is the shares token
    • Total supply: 700,001 $CHAM
      • 650,000 — Farming rewards (vested linearly over 12 months)
      • 50,000 – Node rewards (vested linearly over 12 months)
      • 1— Pre-mint for initial liquidity
  • $CHAM will also be the governance token and holders will have voting rights on proposals
  • No bond mechanism
  • Rebase mechanism will be implemented to support $AVIC peg, by reducing the circulating supply of $AVIC when either of the following conditions are met;
    • TWAP (Time Weighted Average Price) is at or below 0.80 at an epoch
    • TWAP has been below 1.00 for 10 consecutive epochs (6 hours/epochs)
  • NODE pools will enable users to lock $AVIC to earn higher $CHAM rewards
  • NODE holders will also receive benefits such as opportunity to win $CHAM bonuses and airdrops on cross-chain launches
  • Rebase mechanism will be implemented to support $AVIC peg, by reducing the circulating supply of $AVIC when either of the following conditions are met;
    • TWAP (Time Weighted Average Price) is at or below 0.80 at an epoch
    • TWAP has been below 1.00 for 10 consecutive epochs (6 hours/epoch)

• Roadmap
  • Cross-chain launches on Fantom, BSC and Polygon
  • Development and launch of raffle system, launchpad, lending & borrowing mechanism

• Ownership renounced for GenesisRewardPool, $AVIC, $CHAM contracts
• Operator transferred to Treasury for $AVIC, $CHAM contracts
• ❌ Contract creator is the Operator for all other contracts, at time of review on July 21, 2022

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