$VOTX Token— Staking & Farming Details
YFD’s governance platform, DFI.Governance, is due for release on the 20th April 2021. VOTX token will be used to power the platform is. Two accompanying platforms will be released next week to kick off token distribution for VOTX — The New Earnings Program will comprise both a staking platform AND a farming platform.
The two new platforms will provide not only the effective distribution of the VOTX token for use within our Governance system, but also a very lucrative short term income to all YFD holders who utilize them.
Staking Platform
The VOTX Staking Event will offer stakers a weekly fixed interest rate of 4%. YFD holders will have the opportunity to stake their YFD on the platform and earn VOTX in return. Their reward will be calculated based on a standardized YFD price of $100, and the VOTX initial listing price of $2 (i.e. for every 1 YFD staked, you will earn 2 VOTX weekly, regardless of price changes of either token).
The staking pool will be capped at 1000 YFD. Once this cap is reached, no-one else will be able to enter the pool. The locking period for the pool will be 30 days, during which time it will not be possible to remove your staked position.
The total reward supply of the staking platform will be 10 000 VOTX, which will last a minimum duration of 5 weeks from the launch date.
Farming Platform
The VOTX Farming Event will offer farmers a weekly fixed interest rate of 7.2%. Liquidity providers will have the opportunity to stake their UNI-V2 LP tokens on the platform and earn VOTX in return. Their reward will be calculated based on a standardized YFD UNI-V2 price of $1200. (i.e. For every 1 LP staked, you will earn 43.2 VOTX weekly). The locking period for the pool will also be 30 days, during which time it will not be possible to remove your staked LPs.
The total reward supply for the farming platform will be 65000 VOTX, which will last a minimum duration of 4 weeks from the launch date.
Summary of VOTX + Staking & Farming
- Max supply: 100,000 VOTX
- Initial Uniswap listing price : $2/VOTX
- VOTX Staking 4% weekly (208% APY)
- VOTX Farming 7.2% weekly (375% APY)
VOTX Distribution
- 65,000 VOTX: Farming Rewards Pool
- 10,000 VOTX: Staking Rewards Pool
- 10,000 VOTX: Uniswap Liquidity Pool
- 10,000: Early Contributors Allocation
- 5,000: DFI.Swap Liquidity Pool
VOTX April
- 12th April: VOTX Staking & Farming Platforms Open
- 20th April: DFI.GOVERNANCE Release Powered by VOTX
- 28th April: VOTX Listing on Uniswap
VOTX May
- 8th May: VOTX Listing on DFI.SWAP
