Simp Finance – Prelaunch Announcement

$MSIMP will be used to power the rewards of Simp Finance vaults. $MSIMP farms will have superior yield compared to the other available farms. 50% of the protocol fees will be used to market buy $MSIMP periodically.

The Dev Team will take 1% of the total emissions which will be kept in the MoonSimp Treasury.

500,000 $MSIMP will be minted at the start with all of it going into the initial liquidity pool which will be seeded by the team. The Dev team will not have any tokens from the initial mint.

Initial Supported Vaults

1. USDT (4% Deposit Fee)
2. USDC (4% Deposit Fee)
3. MIM (4% Deposit Fee)
4. WFTM (4% Deposit Fee)
5. WFTM-MSIMP (10X BOOST, No Deposit Fee)

Launch Time

The launch timing, official token contract and more details will be released within the next 48hours, be ready!

Moonsimp Finance

MoonSimp Finance is a yield farm optimizer running on the Fantom Opera chain based on PolyWhale on the Polygon chain.

 

Source

https://medium.com/@0xfarmerjohn2/pre-launch-announcement-moonsimp-finance-e3ee3ae5f651

Source: https://thebittimes.com/simp-finance-prelaunch-announcement-tbt4113.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com