Champion Finance UVIC LP Farms Launch

Champion Finance is launching $UVIC farms and boardroom, to replace the previously launched AVIC token on Avalanche. Existing AVIC holders will be able to exchange their AVIC for UVIC on October 2 as well.

DETAILS

UVIC-USDC LP farm will open at this time
CHAM-AVAX LP farm will also launch at this time
The initial UVIC sell tax will be 50%, reducing 10% per day to 10% on Day 5; Day 6 and thereafter have no sell tax unless UVIC is under peg

Tokens
- $UVIC is the algo-stable, pegged to $1
  - Variable tax of 10-20%, dependent on $UVIC price, all goes to $UVIC liquidity according to docs, this directly conflicts with information given in the Telegram on October 1
    - Use the native LP zapper to avoid tax when creating LPs
  - 30% tax on sells after a rebase
  - Maximum sell limit of 0.5% of the circulating supply
- $CHAM is the shares token (across all peg tokens)
  - Total supply: 72,001
    - 61,200 — LP Farm & Node rewards (vested linearly over 12 months)
    - 5,400 — DAO fund (vested linearly over 12 months)
    - 5,400 — Team fund (vested linearly over 12 months)
    - 1— Pre-mint for initial liquidity
  - $CHAM is also the governance token and holders have voting rights on proposals
- Additional algo-stables:
  - $EVIC, pegged to 1 $ETH
  - $BVIC, pegged to 1 $BTC
  - Both also use the variable sell tax as described above for $UVIC

Features
- LP Node pools
  - Lock up LPs in node pools for 1- 3 weeks for daily $CHAM rewards 0f 0.3% – 0.39% daily
  - 50% early withdrawal tax, if withdrawn before lock up period ends (fees sent to Protocol Owned Liquidity)
  - Referrer bonus: 3% of deposited value of referral
- Rebate (bond mechanism for building Protocol Owned Liquidity)
  - Deposit bonding assets such as; BTCb/WETH.e/USDC/USDC.e/WAVAX/MIM, and receive peg tokens at a discount
  - Rebate opens when TWAP > 1.01
- Rebase mechanism
  - Used to support VIC tokens’ peg by reducing the circulating supply when either of the following conditions are met;
    - TWAP is at or below 0.8 at an epoch
    - TWAP has been below 1.00 for 10 consecutive epochs (6 hours/epoch)
  - Excluded from rebase – unclaimed VIC rewards, VIC in DAO and Protocol Owned Liquidity wallets
- YieldWolf vaults