Squeeze Pools & future of CRT.finance
Presale
We have successfully completed our presale and raised 10 ETH within minutes. CRT was offered at a rate of 400 CRT per ETH, selling out 20% of the total CRT supply. Out of the 10 ETH raised, 5 has been added as a liquidity along with 5% of the total supply. Additional funds will be used for contract deployments and marketing.
Distribution & rewards
🔹Initial Liquidity — 5% (2000 CRT) — Locked 🔒
🔹Contributors Rewards — 2.5% (500 CRT)
🔹LP Rewards — 20% (4,000 CRT)
🔹Development — 2.5% (500 CRT) [ vested over 6 months ]
🔹Presale — 20% (4000 CRT)
🔹Squeeze Pool Staking Rewards — 50% (9,000 CRT)
Current rate of rewards on staking ETH in Squeeze Pool #1 is 1.5 CRT/day per ETH staked. Governance is able to create a proposal to change this if required.
Squeeze Pool #1
Squeeze Pool #1 offers a lucrative yield on staked ETH, that does of course not come without a risk. Current target for the pool has been set at 100 ETH upon which withdraws for ETH are locked and any user is able to call a closePool() function which will enable usage of the ETH for purchasing CRT at a fair market price. CRT is then distributed to initial depositors and they may claim it, upon which a new round is started.
Squeeze Pool #2
Squeeze Pool #2 (currently being developed) is an upgrade of initial Squeeze Pool concept. Control over which token is being purchased and later distributed will be controlled by a CRT governance. Further creating a use case for all of the CRT token holders. This particular pool may have a higher target which will again be set by the governance. Funds will be utilized in the vaults such as Yearn V2 or Compound to earn additional yield.
Squeeze Pool #3
Squeeze Pool #3 (currently being developed) uses the same concept as Squeeze Pool #2, the way it differentiates from previous 2 pools is that funds upon reaching overfill limit will be utilized to purchase random token from the list of tokens, which will be selected upon certain conditions.
Emission & rewards
Currently rewards are only distributed to Squeeze Pool #1 depositors, where at it’s max capacity of 100 ETH users are splitting 150 CRT per day. Pool #2 and #3 will have a maximum capacity of 50 CRT per day, although this may be subject to governance proposal.
Liquidity providers will be able to stake their CRT-ETH LP tokens in a rewards contract where they will split 25 CRT per day.
Governance
We have launched our snapshot page (snapshot.page/#/crtfinance.eth). Governance contract for the token has been deployed as well allowing on-chain proposals. UI for this is coming up during the next week.
Roadmap
Roadmap has been added to our official website. Progress on certain subjects will be updated daily.
Squeeze ‘em.
website: crt.finance
twitter: twitter.com/crtfinance
github: github.com/crtfi
telegram: t.me/crtfinance
telegram ann: t.me/crtfinanceann
