Grazing Range Pool #43 — Welcoming LAND to the herd!
Dear alpacas,
We senior alpacas are excited to welcome our newest addition to the range — Landshare.
All you young alpacas will be able to earn $92k USD in LAND rewards by staking ALPACA in the governance vault during the period, which will be distributed over 8 weeks. The pool will go live on Jan 6th, 2022. As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.
A leveraged yield farming pool for LAND may be supported in the future if it meets the minimum liquidity requirements.
🎁Grazing Range Reward Details
Total Rewards: 21,050 LAND (~$92k USD)
LAND Token: 0x9d986a3f147212327dd658f712d5264a73a1fdb0
Rewards Period: 8 weeks
Rewards Start Date: Jan 6th, 2022
Rewards End Date: Mar 3rd, 2022
Distribution Schedule:
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ALPACA in the governance vault for 4 weeks starting from before January 6th 00.01 UTC until at least February 3rd. The NFT tier you receive will be based on the amount of your xALPACA balance during that entire period. (Since xALPACA balance naturally decreases over time, make sure to watch yours)
- Green Tier: held at least 500 xALPACA
- Silver Tier: held at least 5,000 xALPACA
- Gold Tier: held at least 50,000 xALPACA
About Landshare
Landshare brings real estate to the BNB Chain, offering a hassle-free alternative to traditional real estate investments. By turning real estate assets into fully liquid, yield generating tokens, they create a more accessible form of real estate investment.
Landshare’s mission is simple; bridge the gap between DeFi and the real estate industry and make real estate investments accessible to everyone around the globe by eliminating the barriers of traditional real estate investment. Featuring stablecoin vaults, crowdfunded house flipping, a governance protocol, tokenized assets, and token staking, Landshare combines DeFi and real estate investment into one platform, fully integrated into the BNB Chain ecosystem.
🔒Security Scorecard on LAND
Have the contracts been audited by professional auditing firms?
Yes, our contracts have been audited by Solidified. The audit report can be found here.
What is the project’s inception date?
The project was launched August 2nd, 2021.
Has your project even been involved with a hack or exploit?
No, we have not been involved with any hack or exploit.
While there exists some risk inherent to any DeFi protocol, our contracts limit this as much as possible in the following ways:
- Minting is limited to a single, audited contract.
- Reward pools for vaults are limited in size, so in the case of a security issue only a limited number of tokens would be affected.
- We do not implement risky strategies such as flash loans, and instead rely on tried and true staking contracts with simple mechanics.
What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?
Minting rights have been passed to the audited BUSD staking contract, meaning the team cannot mint any new tokens. All locked tokens, including vested team tokens, locked liquidity, and reserve tokens are in a time-locked contract controlled by a multi-sig wallet. The multi-sig is controlled by our core team members and requires multiple signatures for every transaction.
Does your token have a maximum supply cap?
The maximum supply of LAND is 10,000,000, excluding any burns that have occurred. Various platform features, including the purchase of Tokenized Real Estate, burn all LAND Tokens used as payment.
Mint function. If Token does not have maximum supply, how is the mint function controlled?
The minting function has been passed to our BUSD vault contract. Any and all future minting of LAND comes only from the harvestable rewards in our BUSD vault — never exceeding 10,000,000 LAND (excluding burns).
Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?
There are no fees collected by the platform’s staking features. Tokens used as payment for Tokenized Assets (real estate-backed tokens) are burned and do not go back to any team treasury or reserve wallet.
Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action
No, we do not have any migration function.
Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?
No, the contracts are not upgradable.
Third-party risk. What underlying external parties do your contracts rely on?
Our LAND-BNB LP Farm requires users to provide liquidity on Pancakeswap. Outside of this, everything is done in-house and does not rely on external protocols.
Where are tokens currently listed?
We are listed on the following DEXes: PancakeSwap and ApeSwap
As for CEXs, we are listed on Gate.io.
Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)
The LAND token is required for all features on the Landshare platform. The primary use case is the purchase of Tokenized Real Estate, which takes 10% of the payment in LAND and burns it. For example, if I wanted to purchase $100 in real estate tokens, I would have to use $10 of LAND as part of my payment.
LAND Tokens can be staked as a single asset or in a LAND-BNB LP pair for rewards. Staked tokens also count as governance protocol votes, allowing users to vote on platform mechanics and marketing decisions. All locked tokens are held in a contract owned by multi-sig and cannot be withdrawn until the time is up, and only with the approval of multiple team members. All future features, including real estate collateralized loans, NFTs, and Asset Token ETFs will also require LAND in some form or fashion.
Does your token have any advanced mechanics such as deflationary/rebase/reflexive?
No, we do not have those mechanics for our token.
Please share your project’s roadmap
Our roadmap until Q2 2022 can be found here.
What % of the token supply is/will be controlled by the team
15% of the tokens are controlled by the team, which are under vesting for another 1.5 years.
What % of the token supply is controlled by investors? What is the token distribution model?
12% of the tokens are controlled by the investors, which are under vesting for up to another 1.5 years. For more details regarding the token distribution model, please see here.
Please share the profile of key team members
Jordan Friske (CEO) — you can see his profile here.
Sumit Sharma (Lead Web Developer) — you can see his profile here.
What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?
In case of emergency, our LAND staking contracts have an “emergency withdraw” function which allows users to withdraw their assets under any circumstances. Additionally, we limit the funds in reward pools so that in the case of an exploit on our reward system, the damage would be very limited in scale. Admins also have no access to user funds in the LAND staking vaults. Only the user themselves can withdraw their own funds. In the case of an attack on our BUSD Vault, we have the ability to restrict new token minting temporarily, so that if irregular activity is detected, we can investigate and take the necessary steps to resolve the issue.
Do you have a bug bounty program in place/planned?
No, we do not have a bug bounty program.
Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?
Yes, all contracts currently in place are audited and in some cases have been in use for many years by multiple platforms. In addition to audits, all contracts have been tested thoroughly by team members using local test blockchains following a methodical QA testing process. In this process, each function of the contract is utilized and our team attempts to “break” the contract in any way possible. We simulate any possible situation using the test networks to ensure that the contracts are built to handle it properly. Our contract auditors carefully examine the code for vulnerabilities, and if no issues are found on either side, the contracts are deployed. All future features will be audited and tested using the same diligence before going live.
