Firebird Governance

TLDR;

  • Firebird Governance is here!
  • Lock your $FBA for $veFBA and stake that $veFBA to earn USDC.
  • First epoch for rewards ends at 07/09/22 10:00 UTC
  • Countdown until the first 2 week period starts is here
  • Detailed information on rewards will be posted later this week! (Including extra incentives)

What Can I Vote For?

  • Allowing an elastic Treasury (range between 10% and 50%) — which will be used to fund the devs, the support team and build up a marketing fund (i.e. this portion of funds will be used for the overall research, development, build and maintenance of the project). The dynamic nature of this is vital in potential cases of increased development /maintenance costs.
  • Variable profit distribution (range between 10% and 50%) — distributed to all $veFBA stakers in the form of USDC taken from the entire ecosystem’s profits. During times of flat development and maintenance costs, the protocol may opt for increased profit distribution.
  • Variable protocol owned liquidity (range between 30 and 70%) — 50% of $FBA is bought from the market and 50% of collected USDC is used to add liquidity to the beets.fi pool. This will bolster the strength of the token which ultimately makes swapping using Firebird even more attractive to potential investors.

Ready to lock your $FBA?

I’m all locked up, now what?

Rewards

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Firebird Finance

Firebird Finance

338 Followers

An innovative one-stop defi, multi-chain yield farming and decentralized exchange aggregator.