× BSC Avalanche Astar Fantom Harmony

DeMountain Finance BUSD Launch

Binance Smart Chain
Project details

New ROI dApp (Avarice fork) on BSC.

This is the third launch from the Paramount Finance team, having previously launched a MATIC and BNB version.

  • Deposit BUSD in the weekly auctions (see “weekly auctions” below) and receive $dMOUNT (native token)
  • Stake dMOUNT to earn yield paid in dMOUNT and a share of BUSD dividends from the auctions
  • dMOUNT can be staked for a minimum of 21 days and up to a maximum of 300 days
  • Staked dMOUNT (+ bonuses) and BUSD dividends can only be withdrawn at the end of the staking period — the longer the staking period, the higher the bonus
  • Price of dMOUNT is determined by the amount of BUSD contributed to the daily auctions
  • Active stakes can be traded (buy/sell) and also used as collateral to borrow/lend BUSD via the in-app marketplace — 2% marketplace fee
  • Weekly auctions lobby;
    • opens every week; Friday – Sunday
    • users deposit BUSD to receive dMOUNT tokens — the more BUSD you deposit, the more dMOUNT tokens you receive
    • dMOUNT received is calculated based on the total BUSD contributions and the day of the auction, up to a max of 24 days
    • 90% of BUSD in the auction pool is re-distributed to dMOUNT stakers, 8.25% for team/marketing/buybacks
    • 33% of every deposit is sent to a treasury vault to be used for generating yield to support the protocol
    • no minimum or maximum deposit
    • 3,000,000 dMOUNT initial supply in the auction pool on day 1; decreasing by 3% with each next auction
  • Referral commission: 3% to referrer and 15% to referee (paid in dMOUNT)
    • For the first auction, referral commissions are 6% to referrer and 3% to referee
  • Lottery feature – 0.5% of auction deposits will be added to a lottery pool, and every auction period, 30% of the lottery pool will be awarded to the user with the highest deposit, and the deposit must be greater than that of the previous winner
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