“Scourge Finance is a Yield Optimizer Platform that allows users to stake LP-Tokens issued from AMMs (Automated Market Makers) / DEX (Decentralised Exchange) in Scourge Vaults, which automatically harvest and re-stake their rewards as LP-Tokens for a compounding effect. With the ZERO fees from Deposit/Withdraw helping users harvest more rewards automatically with the ease of mind from Gas Fees.”
What make Scourge different from other yield optimizers on Fantom Opera?
Scourge.Finance has 2 tokens $LICH and $xLICH both have their own unique tokenomics. You can read more in each token’s Gitbook attached below :
$LICH : https://the-scourge.gitbook.io/the-scourge-finance/tokens/lich
$xLICH : https://the-scourge.gitbook.io/the-scourge-finance/tokens/xlich
$xLICH (top) and $LICH (bottom)
There is a 4% Performance fee on Farming Rewards, but ZERO fees to the treasury/dev wallet. Fees are split into the following:
- 2% to buy $LICH and redistributed back to $LICH buyback pool.
- 1.8% reward tokens will be remain and reward $xLICH pool stakers.
- 0.2% for the automated function that calling the harvest.
“In Scourge Finance we not only compound your assets, but they give out incentive in $LICH to either reward you in terms of profits (you may sell it for direct profits if you want to, but they do not recommend it as $LICH can bring you unlimited passive income) or you can see higher APY daily or per year.
How Do We Use $LICH?
$LICH
$LICH is Scourge Finance’s native token with the utility to generate more income and its store value.
- You can stake $LICH in “Stake LICH” pool where you can redeem $xLICH in order to redeem more $LICH over the time. (please check out our “Stake LICH” site to understand how the ratio of redeeming more $LICH will keep going up)
- Users will need to hold $LICH to buy our “Sentinel VS Scourge” (P2E NFTs) to participate in our game. (Note : They are progressing with their NFT designs. As soon as completed, they will have another medium to update about the test and launch)
- Between Q1 — Q2 2022, if the community growth continues, $ARTHAS will be launching. (Concept token now, but will create huge buyback for $LICH overtime)
- In Q2 we will have our own launchpad where $LICH will be needed for users to hold to qualify in a tiered presale program.
- In Q2 as well they will have their lending protocol test and mainnet where $LICH will be their utility token across all of their platforms.
How Do We Use $xLICH?
$xLICH
- $xLICH acts as a receipt token. You can stake $xLICH to earn more $LICH in “Vaults Tab”.
- $xLICH can also stake in “Stake LICH” pool for other protocol token such as $dKNIGHT, $BOO and many more protocol partnership’s token.”
Astronaut x Scourge Finance IDO Details:
🚨Astronaut will be launching Scourge on February 10th at 3PM UTC🚨
⏰COUNTDOWN: https://countingdownto.com/?c=4044758
👉WHITELIST giveaway HERE [(NOT LIVE YET, STAY TUNED)]. You don’t need to hold NAUT if you win. This is for the whitelist round.
💰Scourge x Astronaut Raise Amount: $75,000
💰Astronaut Tier Contribution:
Moon — ?
Mars — ?
Star — ?
Galaxy — ?
👉Minimum contribution per wallet: No minimum
👉$LICH IDO price: $2.00
👉$LICH listing price: $2.50
👉 Total Raise Amount: $300,000 (75k Astronaut, 150k Undead, 75k Private Sale)
💰Vesting: 100% TGE
FIRST ROUND : WHITELIST
✅ALL THE WHITELIST WINNERS CAN CONTRIBUTE FROM 3:00 PM UTC TO 3:30 PM UTC. (Guaranteed allocation.)
SECOND ROUND: ASTROSHOT
✅ANYONE HOLDING A $NAUT TIER IN WALLET CAN CONTRIBUTE FROM 3:30 PM UTC TO 4:00 PM UTC. (FCFS, allocation not guaranteed.)
THIRD ROUND : ASTROROCKET
✅ONLY HAPPENS IF HARDCAP DOESN’T FILL IN ROUND 2. REMAINING $LICH WILL BE PUT ON PUBLIC SALE FROM 4:00 PM UTC TO 5:00 PM UTC. (FCFS, no NAUT required, anyone can participate.)
⚠️Claiming will be open on the same page you bought (please claim your tokens within 1 week of the IDO)
🚀 Initial listing on launch on Dark Knight — https://darkdex.knightswap.financial/#/swap
💰POOLS & FARM will be available on Dark Knightswap after launch.
📰 INFO
https://astronautfinance.medium.com/scourge-x-astronaut-ftm-f12d4216cff8
