Ripae Finance
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Initial Release Fantom

This section has already happened, and are just here for documentation.

Overview

The following dates are the expected roll-out of the Ripae Finance initial ecosystem on Fantom.
  • Genesis Start = 2022-02-01 12:00 UTC
  • Genesis End = 2022-02-04 12:00 UTC
  • Tellers Start = 2022-02-04 12:00 UTC (365 days)
  • Bank Start = 2022-02-07 12:00 UTC (Indefinitely)
    • -> Make sure that you stake your $PAE in the Bank BEFORE the start of the 1st Epoch at 2022-02-07 12:00 UTC in order to earn $pFTM on the first expansion.

Genesis

The Genisis pools will start distributing $pFTM reward on the 1st of February at 12:00 UTC. These Genesis pools will be the only way to be the first to earn $pFTM. Ripae is a 100% fair launch which means that no $pFTM tokens are pre-minted to any individual party. The Genesis pools will last for 72 hours.

Tellers

The Tellers will start distributing $PAE reward on the 4th of February at 12:00 UTC. These Tellers incentive users to provide liquidity and in turn, will be treated with the only way to earn $PAE from start. These Tellers will be distributing $PAE during 365 days.

Bank

The Bank will start distributing $pFTM reward on the 7th of February at 12:00 UTC. You earn this $pFTM by staking your $PAE. The Bank will continue distribute TWAP every time is $pFTM above 1.01 $FTM.

Bond Market

The Bond Market will be open at the same time as the Bank opens however buying $bFTM will only work if $pFTM trades under 0.99$ FTM.

Future

We expect the first Cross-Chain Genesis pool to start around 2 weeks after Fantom boardroom has started. As with all protocol launches, the expected date of the first Cross-Chain Genesis pool is subject to change.