๐Platform
Genesis Pools
Genesis starts on Aug 18 2023 03:07:59 UTC+000.
Genesis is the initial phase of Cobra Finance launch & will last 24 hours from start. During this period users can deposit whitelisted tokens into genesis pools to farm $COBRA token. The following genesis pools would be available.
$WETH, $axlUSDC, $COBRA - $ETH LP on SWAPBASED Dex.
Genesis will emit a total of 17000 $COBRA tokens as per the distribution below.
COBRA-ETH LP
axlUSDC
WETH
TOSHI
BASE
There will be deposit fees of 2% for the genesis deposits.
Farms
Farms with $CSHARE rewards will start on Aug 19 2023 04:07:59 GMT+0000 A total CAPPED supply of 30000 $CSHARE will be distributed over 180 days. We will be enabling new pools as we go forward thus allocating & reallocating rewards to each pool as needed. There will also be other non native pools enabled later.
pid 0 =
pid 1 =
pid 2 =
pid 3 =
All Non Native Pools will have an initial deposit fees of 1% subject to change.
Boardroom
Starts 12 hours after Farm starts. Aug 19 2023 16:07:59 GMT+0000
Epoch duration: 6 hours
Deposits / Withdrawal of $CSHARE share token into/from Boardroom will lock $CSHARE for 4 epochs and $COBRA rewards for 2 epochs. $COBRA rewards claim will lock staked $TGOLD for 4 epochs and the next $COBRA rewards can only be claimed 2 epochs later.
Boardroom will not mint any $TOPG while TWAP is below 0.001.
Debt Phase take place on the expansion epochs that start after a contraction period where there are still $CBONDs to be redeemed. 65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the $CBOND Redemption. This amount is still reserved whether or not $CBOND holders are redeeming bonds or not.
Once $COBRA in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal. $CBOND emitted per epoch during contraction periods can be found in Bond page.
$CBOND (bond tokens) are available for purchase when $COBRA falls below the 0.001 $ETH peg. If $COBRA TWAP is between 1.00 and 1.01, neither $CBOND nor $COBRA will be issued.
e.g. if $COBRA TWAP < 0.001, exchange $COBRA for $CBOND will be in a 1:1000 ratio.
$CBOND (bond tokens) are available for redemption when $COBRA goes above the 0.001 $ETH peg.
To encourage redemption of $CBOND for $COBRA when $COBRA TWAP > 0.001 and incentivize users to redeem at a higher price, $CBOND redemption will be more profitable with a higher $COBRA TWAP value, of which $CBOND to $COBRA ratio will be 1:X, where X can be calculated in the formula as shown below:
X=1+[($COBRA(โtwapprice)โ1)โcoeff)] Where coeff = 0.7
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