New MANTRA DAO BSC staking for Refinable’s FINE-BNB LP pool goes live today!
FINE-BNB LP pool launches for staking on April 27th at 2:10 pm UTC
Following the conclusion of Refinable’s token sale and the launch of their $FINE token, we will be supporting a new unique SUPER YIELD Refinable FINE-BNB LP staking pool on app.mantradao.com as the first staking pool on MANTRA DAO that will be native on BSC!
Staking Terms
- The FINE-BNB LP staking pool will be launched with a tollbooth mechanism, with the toll starting at 60% for the first 14 days, and then decreasing on a weekly basis until it reaches 0% after day 63 since the pool’s launch (roughly 9 weeks). You can find more details regarding the toll schedule on Refinable’s post linked here.
(IMPORTANT: The “toll” applies as a withdrawal fee to your staked LP tokens. Be mindful of this when unstaking your LP tokens at any time during the 9 week toll period.)
- The pool launches for staking on April 27th at 2:10 pm UTC, and remains open for 400,000 BSC blocks, or about 14 days. No more staking will be possible after May 11th at around 1 PM UTC.
- The rewards distribution mechanism will follow a fixed per block strategy assigned proportionately to the stakers of the pool in each given block.
- A total of 400,000 FINE tokens will be distributed to LP tokens stakers in this pool throughout the 9 week “toll” period.
- Rewards will be heavily weighted towards the early phase of the pool, and will slowly decrease throughout the 9 week period by about 10% per week until the toll reaches 0%.
- This means the earlier and the longer you stake, the more token rewards you will earn.
- Claiming of rewards will kick off an 8 day time lock, after which rewards can be withdrawn.
- Refinable will be running a lottery for various prizes, including a Tesla Model 3! Make sure you read Refinable’s instructions on how to join this raffle in their blog post linked here!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Website |Whitepaper |Telegram |Medium |Twitter | LinkedIn | Github
About Refinable
Invested by Binance and Mr. Beast, Refinable is the first major NFT marketplace on BSC, empowering both individual creators and beloved brands to easily and affordably create, discover, trade, and leverage NFTs. Supporting all communities who are engaging with NFTs is Refinable’s mission, we look forward to empowering the next generation of digital transactions.
