End of Shoebill Point Event Phase 1 and Start of Phase 2 (+Updates)

Dear. Shoebill Finance Community,

Shoebill Finance announces Shoebill Point Event Phase 1 will be finished and Phase 2 will continue as below.

End of Shoebill Point Event Phase 1

ShoeBill Point (SBP) Event Phase 1 will be finished on Dec 28th. Exact time will be announce separately.

Start of Shoebill Point Event Phase 2

Duratione: Dec 28th — 2024 Jan 25th (4weeks)

1. Farming Event

Distribution: Total 5,000 SBP will be distributed by Farming per day.

• WEMIX Supply: 5,000 SBP / day

2. Transaction Event

Total 3,000 SBP will be distributed by number of transactions per day
limited to 48 transactions per wallet per day

• Only WEMIX Supply and Borrow transactions are eligible
• Calculation of transaction event is done by (your no. of transaction) / (total transaction) daily. Your point will vary based on this calculation.

ShoeBill Point will be exchanged to the governance token at some rate and launching of the token and utility will be announced through the official channels.

Additional updates

1. APY display: APY will be displayed based on expected price, $0.1
2. Referral system: Register your referral and you and your friend get 5% bonus
3. WEMIX Borrow Yield Curve change
   - Previously: Borrow Yield ~5% APY @ LTV ~92% / Borrow Yield 5~200% APY @ LTV 92~100%
   - To be: Borrow Yield ~5% APY @ LTV ~92% / Borrow Yield 5~50% APY @ LTV 92~100%

Please stay tuned!

Shoebill Official Channels

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