Defender Finance LP Farms and Citadel Launch
LP farm launch for a multi-chain algorithmic stablecoin protocol on BSC. Launch on Polygon planned.
DETAILS
- LP Farms (‘Depot’)
- Farming emissions will last for 18 months
- Stake LP tokens to earn SHDB rewards
- 14,400 SHDB rewards to be distributed across the following pools;
- 50% — SWDB/ETH
- 40% —SHDB/WBNB
- 10% — CHAM/ETH (Champion Finance)
- No deposit or withdrawal fee in farms
- Boardroom is scheduled to open for deposits on January 11, 2pm UTC and rewards begins on January 12, 2am UTC
- ROI-LP Node (‘Citadel’)
- Bond (deposit) SWDB/ETH LP to mint Citadel (CLB) tokens and earn 365% total yield (in CLB) of all deposits and subsequent compounds in the Citadel contract’s lifetime
- Users can manually claim or compound rewards
- CLB tokens are burnt with each reward claim
- CLB tokens can be sold/bought on the P2P Rebates function
- With every LP deposit,
- 90% goes to Pool balance,
- 10% is allocated as follows:
- 4% to Protocol Owned Liquidity
- 6% to existing users as instant rewards; distributed among the total pool stakers
- Tokens
- $SWDB (‘Sword’) is the algo-stable, pegged 1:1 to ETH
- Initial supply: 15.001
- 11.25 — Genesis rewards
- 2.25 — Protocol Owned Liquidity
- 1.5 — Dev fund
- 0.001 — Pre-mint for liquidity
- Initial supply: 15.001
- $SHDB (‘Shield’) is the shares token
- Total supply: 18,000.1
- 14,400 — Farming rewards (vested linearly over 18 months)
- 1,800 — DAO fund (vested linearly over 18 months)
- 1,800 — Dev fund (vested linearly over 18 months)
- 0.1 — Pre-mint for liquidity
- Total supply: 18,000.1
- $CLB (‘Citadel’) is the LP node token
- No maximum supply
- $SWDB (‘Sword’) is the algo-stable, pegged 1:1 to ETH
- Features
- Sell tax on SWDB and SHDB (includes LP addition/removal); use the in-app LP feature to avoid fee)
- 0.5% sell/burn tax on $SWDB
- 0.1% sell/burn tax on $SHDB
- Sell limits on SWDB;
- maximum sell amount of 0.5% of circulating supply
- maximum of 2 continuous sell every 5 minutes
- Sell tax on SWDB and SHDB (includes LP addition/removal); use the in-app LP feature to avoid fee)