Chapter 13: A field of clovers

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Huckleberry DEX

4 min readAug 2, 2022

My dear Huckleberry friends,

It is not always the nature of drifters to climb mountains. Life is often best enjoyed horizontally; eyes pointed towards the sky. But every now and then, a glimmer catches the eye, and a drifter is forever changed.

A drifter choosing to leave the safe confines of the river echoes an explorer’s need to climb mountains. We are drawn to the unknown much like an explorer yearns to stand on higher ground to gaze upon wonders even farther into the distance.

It is with this in mind that I am happy to announce that Huckleberry will officially launch on CLV on August 4, 2022.

The mountain’s four-leaf clover

As you all know, though Huckleberry experienced early success and became the first-and-only platform on Moonriver to offer a fully-fledged, in-house DEX and lendin’ platform, the community of drifters voted for a multichain strategy. Ultimately, you all decided that Huckleberry should launch on CLV — and EVM-compatible Polkadot parachain.

Here is a list of important dates to keep in mind:

August 1, 2022: $FINN tokens can be bridged from Moonriver to Clover using Wanchain
August 4, 2022: Huckleberry launches on CLV
August 5, 2022: Ol’ Finn, Huckleberry’s founder, will join an AMA hosted in CLV’s official Telegram
August 11, 2022: Reward multipliers for Rivers on Huckleberry Moonriver will be reshuffled
August 11, 2022: The first set of Rivers will begin dischargin’ $FINN rewards on Huckleberry CLV

The reason the first Rivers will only begin dischargin’ rewards a week after the launch of Huckleberry CLV is to give all drifters ample time to bridge their $FINN tokens from Moonriver to CLV and to add liquidity to the Rivers.

Rivers on CLV and Moonriver

As longtime drifters well know, Rivers are Huckleberry’s farmin’ pools. Here are the Rivers that will be available on Huckleberry CLV at launch:

$CLV / $FINN
$FINN / $USDC
$CLV / $USDC

Again, drifters will be able to add liquidity to these Rivers beginnin’ August 4, but the Rivers won’t start dischargin’ $FINN rewards until August 11. It’s good to get in early as that’s when APRs are at their highest!

Alongside the Huckleberry CLV launch, we are also makin’ major adjustments to the Rivers on Huckleberry Moonriver. Beginnin’ August 11, these will be the active Rivers on Moonriver (with multipliers):

$MOVR / $FINN: 15x
$USDC.m / $FINN: 15x
$MOVR / $BTC.m: 5x
$USDC / $USDC.m: 2.5x
$USDT.m / $USDC.m: 2.5x

Here are the relevant token contract addresses on CLV:

$FINN: 0xBeA4928632e482A0A1241B38f596a311Ad7b98B1
$USDC: 0x1bbc16260d5d052f1493b8f2aeee7888fed1e9ab

Bringin’ $FINN to CLV

As a community-driven project, the drifter community also decided Huckleberry’s crosschain tokenomics. As a reminder, here is how crosschain $FINN is being handled:

No $FINN is bein’ added to the circulating supply at launch
25,000,000 $FINN will be released on CLV over 3 years via River rewards / farmin’ rewards
25,000,000 $FINN will be burned on Moonriver over 3 years

In other words, there will ultimately be no change to $FINN’s max supply. It remains 100,000,000 $FINN as originally designed.

Please note that the original plan required that when a drifter bridged their $FINN to CLV, they would get a receipt that could be exchanged for “real” $FINN on CLV at a 1:1 ratio. However, the fine folks at Wanchain helped improve our design such that this manual swap is no longer necessary. When you bridge your $FINN from Moonriver, you will directly receive “real” $FINN on CLV.

Other odds and ends

Passive Sailin’

As previously announced, we have paused $FINN’s passive sailin’ function on both Moonriver and CLV. This is to facilitate drifters who want to bridge to CLV in order to take advantage of early rewards. If we didn’t pause Passive Sailin’, bridge transactions would also be subject to $FINN’s reflect. We’ll vote to decide if/when to turn Passive Sailin’ back on.

Thatcher’s Reservoir

For the time being, Thatcher’s Reservoir will remain exclusive to Moonriver. Once Huckleberry is up and runnin’ smoothly on CLV, we will vote and decide together if and when we should bring Thatcher’s Reservoir to CLV.

Prior Writin’

Let the river guide you

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