Donut Finance Launcpad On MMFinance

Ana Marie — Sat, 21 May 2022 14:00:32 +0000

Finally, Donut Finance Launcpad On MMFinance. Donut Finance seeks to be the first of its kind platform that functions as a yield aggregator and Treasury Inflation-Protected (TIP) Bonds Issuer inspired by the mechanics behind TIPS in the real world. The platform is an original idea created by the Croissant Games team.

Further, the platform will seek to sell TIP Bond that will generate income for the platform. The income generated from TIP Bond sales will be re-invested into the Donut Yield Aggregator (DYA) where yields are used to automatically purchase $DONUT from the open market to be re-distributed as rewards. This creates a feedback loop where prices of DONUT tokens will appreciate over time ceteris paribus. The end goal is to create a series of products that will build huge value for the DONUT token.

How does it work?

Donut Finance will sell TIP Bonds to users, where users have to use $DONUT tokens to purchase. Each TIP bond that is sold to user will expire in 365 days.

But in the lifetime of the bond, it will payout a fixed income amount every second. The details of the TIP bond ROI will be shown on the frontend. Note that the TIP Bond is a product where excess yields are returned back to bond holders. The platform seeks to increase its yields through yield aggregating and bond sales.

Launchpad Format

The launchpad raise will be done in HKN/SVN LP

Sale Details

$DONUT sale will take place at MM Finance and will last for 6 hours, and you will need HKN/SVN LP to participate.

Sales Page: https://mm.finance/launchpad
Start: 26th May, 4:00am UTC
End: 26th May, 10:00am UTC
Token Price: $1
Number of Tokens For Sale: 1,500,000
Duration: 6 hours
Method : Overflow

In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.

The excess funds committed will be refunded back to the users after the sale. And then, they will be able to claim both their new tokens and unused tokens after the sale has ended.

Launchpad Proceeds Allocation

50% of the fund raised will be burnt.
25% of the funds raised will be used to form liquidity and locked
25% of the funds will be sent to the project team over 3 tranches

Before Sale

Buy HKN and SVN tokens and form HKN/SVN LP

During the Sale

Commit your HKN/SVN LP tokens to get DONUT tokens on mm.finance/launchpad.

Meanwhile, you can lock your tokens at any time during the subscription period, even within the final 30 minutes, if you are worried about not having access to your tokens after it is committed.

After Sale

Claim your DONUT tokens

If there is an oversubscription, your HKN/SVN LP tokens will be refunded back to you.

Post Launch

Stake MMF ➡ Earn DONUT
DONUT/SVN LP ➡ Earn MMF
Stake DONUT ➡ Buy DONUT Bonds

About Croissant

Croissant Games runs on smart contracts that are fair, transparent, non-custodian, and immutable. Furthermore, we have a proprietary gasless model utilising EIP-712, meaning that playing any of our games will not require any gas fees from the player’s end.

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About MM Finance

MM Finance is an AMM & DEX on Cronos Chain that offers fee rebates via trade mining. We have the lowest trading fees on Cronos Chain.