FortiFi Token
$FORT
Last updated
$FORT
Last updated
Fortifi grants holders governance rights over the platform. This includes but is not limited to making decisions over future FortiFi Improvement Proposals (FIPs), new chain deployments, Partnership Programs, and MultiYield Incentives.
Voting Fort - Staking FORT earns users VOTE. VOTE is used to vote on Snapshot protocols and is used within the FortiFi Voting Gauge. VOTE is nontransferable. VOTE can also be earned by staking FORT/AVAX LPs.
Staked Fort - Staking FORT earns users sFORT. sFORT is used as a receipt token for the FORT MultiYield. sFORT is also used to distribute platform revenue to FORT holders.
FortiFi will be used to reward depositors in the MultiYield. By enabling this system of rewarding MultiYield depositors with FORT, we can promote platform governance from token holders. This is accomplished by rewarding people for staking FORT for VOTE, which enables voting with the FortiFi Voting Gauge.
After Launch, FortiFi will enter the Early User Phase. During this time, MultiYields will be live and the token will not be active yet. During this Early User Phase, depositors will become eligible for the future airdrop based on two main factors:
Time deposited in MultiYield
Amount deposited in MultiYield
FortiFi has a Long Term MultiYield Incentive (LTMYI) program that utilizes $FORT to reward depositors in the vaults. This will be done with platform governance to determine which platform vaults receive FORT emissions.
pFORT is the vesting token for the FORT token. Each pFORT represents 1 FORT that will be airdropped. pFORT tokens are also subject to vesting. The vesting terms for all FORT distributions follow a 2-month cliff with a 3-month linear vest. 8.2% of FORT tokens are allocated to the team. All Team Tokens will be fully unlocked within 27 months of protocol deployment. Team members have a cliff of 9 months and an 18-month linear unlock.
not live yet.
0x88C7E2EACe47cfFB55231790F736C19667dBD348
