Introducing FIN 🦈

Full announcement article: The FIN token is being launched on @arbitrum to represent the dedication to open and fair revenue distribution systems for Poolshark. Building a DeFi ecosystem is no easy task. Trying things in the arena is 100% necessary.

Token Features and Utility: - Staking Multiplier Points ✅ - Season Rewards 📦 - Options Liquidity Mining ⛏️

Starting December 11th, Poolshark users will be able to bond their WETH to FIN on @arbitrum Mainnet to engage in DAO participation and revenue sharing. The liquidity received through the bond purchases via @Bond_Protocol will be used to seed FIN/ETH liquidity for launch.

This programmatic sale will take place at a fixed price of $2 per FIN token, implying a $40 million FDV at a 20 million fixed maximum supply. Only 150k FIN bonds will be available initially, so be sure to mark your calendars for December 11th to ensure the best terms.

FIN will be distributed based on value coming into the protocol, meaning there will never be any inflation without value being received. Building up a treasury of revenue that can be leveraged to provide sustainable yield will help the DAO build Defensible Liquidity.

Defensible liquidity as a concept refers to cash flow or revenue that passes through a DeFi protocol and is used to sustain incentives. This cash flow should always be allocated towards driving value towards participants in the ecosystem long-term.

The main source of revenue in the Poolshark ecosystem is the Season Rewards. Season Rewards will come in the form of oFIN, the option to buy FIN at a market discount. Ensuring the growth and sustainability of the protocol season over season will ensure maximal revenue.

Given Poolshark's unique Limit LP system, users will be able to sell oFIN on the open market should they choose. Although the oFIN market will be less liquid than the market for FIN, it is entirely possible to realize profits from Season Rewards without purchasing FIN.

Stay tuned for more details on the Public Bonding Sale as we inch closer to December 11th. Follow us here on Twitter or engage with us through Discord:

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