Harpy Finance is a suite of products in DeFi for the Ethereum Layer 2 (Arbitrum). Yield farming, Lending, Borrowing. All on one decentralized, community driven platform.
How is HARPY Tokens distributing?
In general, it is planning to be minted 3,250,000 HARPY, to be distributed over 16 months.
* Community distribution: 70% (~2,275,000 HARPY) — Stage 1: 50%, Stage 2: 25%, Stage 3: 12.5%, Stage 4: 6.25%.
* Treasury: 10% (325,000 HARPY) — Minted at the start of Stage 2 and controlled by governance.
* Post-launch liquidity incentives: 15% (487,000 HARPY) — voted on by governance but initially reserved for various liquidity incentives and partnerships.
* ICO: 3% (97,500 HARPY).
* Team tokens: 2% (65,000 HARPY — 25% minted every start of the stage and locked for 4 months after the initial mint ceremony. Released every last Month of every quarter). Controlled by multisig wallet.
HARPY is the native utility token that is used for:
Use it in Yield Farms to earn more $HARPY.
Stake it in Single Pools to earn free tokens.
Participate in PODs (lottery system) - (To be implemented in Stage 3/Stage 4).
Vote on proposals relating to the HarpyFinance ecosystem.
Governance will still be implemented in stage 1. Once implemented, all project decisions are transferred to the hands of HARPY stakeholders. In addition, the governance will control decisions related to the project treasury (15% of the total supply ~487,500 HARPY).