3F Mutual Launch & HAKKA Reward Pools v3

All you need to know about 3F Mutual beforehand

Hakka Finance
Sep 16, 2020 · 3 min read
Image for post
Image for post

The second product of Hakka Finance, 3F Mutual, will be released soon. An official announcement will be made ~30mins before contract deployment in the Telegram announcement channel of Hakka Finance: https://t.me/HAKKA_Announcement.

About 3F Mutual

Third Floor Mutual (3F Mutual) employs a rainy day fund like mechanism that allows for one to hedge against MakerDAO collapse risk. It exists as neither an option nor a short position of ETH/DAI/MKR. Our rainy day fund-like design means it acts more like collective insurance.

Official Website: https://3fmutual.com/

Whitepaper: https://3fmutual.com/whitepaper.pdf

Whitepaper (Mandarin): https://3fmutual.com/whitepaper-zh.pdf

Medium: In-depth explanation of how 3F Mutual insurance works

Medium: Stay calm and use IPFS to become the cool DeFi insurance agent

Presentation: http://bit.ly/3FMutual or https://docs.google.com/presentation/d/1s4nXephBVMOddFwqcBD5Zqrd9GND5CZ6nPfLFckIqZY/

Presentation (Mandarin): http://bit.ly/3FM-ZH or https://docs.google.com/presentation/d/1LlyiWfJKgo0s3wiZgqo2_Nv_INGpxdMTuSBDhiigirc/

Product Wiki: https://3fmutual.hostedwiki.co/

Tutorials: https://3fmutual.hostedwiki.co/pages/In-depth%20tutorials

Test Version of 3F Mutual (on “Kovan” Test Network):
https://3f-mutual-dai.netlify.app/

The official version of 3F Mutual is a little bit different from the SAI version which released before. For example, a new feature Insurance Improvement Proposal(IIP) is introduced. The first IIP will be used to purchase MKR from the market.

3F Mutual Top Agent Competition

The first 10 Agents to achieve the “Blue Diamond” level will receive a special reward of 10,000 HAKKA each.

Learn more about the insurance agent of 3F Mutual: https://medium.com/hakkafinance/ipfs-and-3fmutual-referral-system-84d23ea95c8f

There will be a 14-days sales contest since the launch of 3F Mutual. The top 10 agents that successfully promote the most insurance sales in this period would be granted the special reward of HAKKA.

Deadline: 10:00 Oct 3rd, 2020 (UTC) (14 days after the launch of 3F Mutual)

Image for post
Image for post

*We will snapshot the first block after 13:30 UTC to determine the winners.

Reward Pool #4

To provide greater liquidity to both HAKKA and MKR, another HAKKA reward pool will be opened. We will introduce pool #4: the HAKKA & MKR pair on Uniswap. 500,000 HAKKA will be distributed to pool #4 each week to reward the liquidity providers for 4 consecutive weeks. A total of 2,000,000 HAKKA will be awarded to this pool.

To receive the HAKKA reward, follow the steps below:

1. Visit the Uniswap pool:
https://app.uniswap.org/#/add/0x9f8F72aA9304c8B593d555F12eF6589cC3A579A2/0x0E29e5AbbB5FD88e28b2d355774e73BD47dE3bcd

2. Add Liquidity to the Uniswap pool (50% MKR / 50% HAKKA)

3. Receive the UNIV2 MKR/HAKKA LP

4. Visit https://rewards.hakka.finance/

5. Enter the Uniswap Pool (Pool #4)

Image for post
Image for post

6. Stake your LP token into the reward contract and start receiving the HAKKA reward since the launch of 3F Mutual

For your information, based on the result of HIP-9, the mine allocation of the 3rd week will be:

  • Pool #1: 500,000 HAKKA/week (BHSc$)
  • Pool #2: 1,500,000 HAKKA/week (BPT: 90% BHSc$ / 4% USDC / 4% DAI / 2% HAKKA)
  • Pool #3: 2,500,000 HAKKA/week (BPT: 50% BHSc$ / 50% HAKKA)
  • Pool #4: 500,000 HAKKA/week (Uniswap LP: 50% MKR / 50% HAKKA)

Above liquidity mining allocation is limited to the 3rd week, and it might be changed in the following weeks. Also, new pools might be opened while new products of Hakka Finance are released.

Stay tuned and remember to check the announcement channel so that you can join 3F Mutual at the first chance.

HakkaFinance

Hakka Decentralized Finance Ecosystem: Warped Spacetime with Crypto Native Primitives

Hakka Finance

Written by

Hakka Decentralized Finance Ecosystem: Warped Spacetime with Crypto Native Primitives.

HakkaFinance

Hakka Finance is a decentralized financial ecosystem with remarkable DeFi products administered by the governance token: HAKKA.

Hakka Finance

Written by

Hakka Decentralized Finance Ecosystem: Warped Spacetime with Crypto Native Primitives.

HakkaFinance

Hakka Finance is a decentralized financial ecosystem with remarkable DeFi products administered by the governance token: HAKKA.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store