Introducing Very Very Very Simple Finance

  • Initial supply: 1 billion V3S
  • 20 million will be used to add liquidity initially
  • 80 million will be sent to DaoFund and InsuranceFund (each 40m)
  • GenesisPool: total 900 million of V3S, distributed in 4 weeks
  • First week: 300M V3S
  • Second week: 250M V3S
  • Third week: 200M V3S
  • Fourth week: 150M V3S
  • Block countdown: Saturday, 26 February 2022 12:00:00 UTC
  • VVS: 2x
  • WCRO: 10x
  • USDC: 10x
  • USDT: 10x
  • TONIC: 0.5x
  • SVN: 0.5x
  • MSHARE: 0.5x
  • MMF: 0.5x
  • CRONA: 0.5x
  • DARK: 0.5x
  • SKY: 0.5x
  • KRX: 0.5x
  • 3,500,000 VSHARE will be allocated to DAO Fund
  • 3,000,000 VSHARE will be allocated to Insurance Fund
  • 2,500,000 VSHARE will be allocated to the team for DEV and Marketing staff
  • The remaining 12,000,000 VSHARE will be allocated to incentivize Liquidity Providers
  • Epoch duration: 6 hours
  • Epoch Expansion: Initially capped at 6% if there are bonds to be redeemed, 3% if the treasury is sufficiently full to meet bond redemption. VBOND tokens do not expire and this greatly reduces the risk for bond buyers. Cap will be reduced as the supply of V3S increases
  • Price feed oracle for TWAP is based on the average of 2 liquidity pool pairs (i.e. V3S/CRO and V3S/VVS) which makes it more difficult to manipulate
  • During the debt phase, 50% of minted V3S will be sent to the treasury for VBOND holders to participate in bond redemption.
  • Stabilisation Mechanism:
  • 40% to Boardroom
  • 30% to DAO Fund
  • 20% to Insurance Fund
  • 10% to Marketing Fund
  • Mint VBOND by burning V3S
  • No discount for bond purchase, but premium bonus for bond redemptions if users wait for V3S price to increase even more than 1 VVS peg

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