Toast Finance LP Farms & Boardroom Launch

New algorithmic stablecoin pegged 10:1 to DAI on BSC.

DETAILS

• LP Farms (begins at 5pm UTC)
  • Duration: 350 days
  • Stake LP tokens in the farms to earn $BREAD
  • 29,999 $BREAD distributed across the following pools;
    • 35,500 — $TOAST / DAI LP pool
    • 24,000 — $BREAD / DAI LP pool
  • No deposit fee in the farms
  • 7 days vesting duration
  • 1% withdrawal tax if rewards withdrawn within the vested allowance, else 10% early withdrawal tax

• Boardroom (begins at 6pm UTC)
  • Stake $BREAD in the boardroom to earn $TOAST rewards
  • During expansion, newly minted $TOAST rewards are distributed as follows;
    • 60% — Reward for boardroom stakers
    • 24% — Rebate Treasury
    • 8% — DAO fund
    • 8% — Dev fund
  • Boardroom only prints new rewards when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked $BREAD locked for 4 epochs and $TOAST rewards locked for 2 epochs

• Tokens
  • $TOAST is the algo-stable, pegged 10:1 to DAI
    • Initial supply: 20,421; allocated as follows:
      • 20,000 — Genesis pool
      • 401 — Initial liquidity
      • 10 — Zapped into $TOAST/DAI LP farm
      • 10 — Held by contract creator (at time of review)
  • $BREAD is the shares token
    • Total supply: 37,000; allocated as follows:
      • 29,999 — Farming rewards (vested linearly over 350 days —85.7 $BREAD/day)
      • 3,500 — Community fund (vested linearly over 160 days — 21.87 $BREAD/day)
      • 3,500 — Dev fund (vested linearly over 160 days — 21.87 $BREAD/day)
      • 1 — Pre-mint for initial liquidity
  • $CRUST is the bond token
  • Token ownership renounced for $TOAST [tx]

• Features
  • Rebates — purchase discounted $TOAST with DAI; 15% discount; 10 days linear vesting period
  • Auto compounder — built-in compounder vaults
    • 2 hours compound cycle or whenever another user claims the bounty using the Harvest function
    • 4% performance fee on claimed reward; used for buybacks and burn of $TOAST
    • withdrawal tax applies
  • Fire Tax — 10% sell tax on $TOAST and $BREAD when at (or over) peg (use built-in zap feature to avoid tax during LP creation)
    • Fire tax will be used for to buyback and burn $TOAST

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