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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(​twapprice)βˆ’1)βˆ—coeff)] Where coeff = 0.7

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