Interest Pool for Earning Yield with Octokens

Interest Pool for Earning Yield with Octokens

OctoFi is dedicated to achieving the best possible distribution of OCTO governance tokens among holders. With that commitment we are thrilled to announce Aquafarm, our interest (and airdrop) program providing an attractive incentive scheme for investors.

Both private and public sale participants will be able to assign tokens to our interest yielding smart contract, to earn additional OCTO for 3, 6, and 12 month runtimes.

Interest program overview

A total of 200,000 OCTO split equally between interest yielding contract and airdrop, has been allocated to the interest program. Private sale investors cannot assign their Octokens early, and are afforded the same interest program access as public participants — the interface will be made available at earn.octo.fi only.

An additional bonus yield is rewarded to supporters who take part in the first batch, scaled accordingly to their nominated runtime. Depending on the demand shown for the interest program, further bonus schemes may be opened, pending the relevant discussions required to revise the conditions.

Upon completion of the bonding curve sale, the interest program launch can be expected soon after. Our blog will be used as the first instance for all official announcements, then immediately dispersed across our twitter, telegram, and mailing list in accordance with UTC timezone scheduling.

Interest program details

We’ve chosen to keep the program simple with measures to prevent any means by which private investors would have an advantage.

Runtime Interest rate p.a. Batch 001 bonus p.a. Total accrual
3 months 10% 2.5% 12.5% p.a.
6 months 15% 5% 20% p.a.
12 months 22% 10% 32% p.a.

As detailed in the above table, the yield for respective interest program runtimes are as follows:

  • Three (3) months: 10% per annum
  • Six (6) months: 15% per annum
  • Twelve (12) months: 22% per annum

For investors participating in the first batch of the interest program, bonus yield as follows:

  • Three (3) months: bonus 2.5% per annum
  • Six (6) months: bonus 5% per annum
  • Twelve (12) months: bonus 10% per annum

To better incentivize mid to long term runtimes, the 200,000 OCTO allocation is split equally between the standard interest program, and airdrops disbursed to addresses completing at least six (6) months of runtime.

  • 100,000 for interest program yield payments
  • 100,000 for interest program airdrop payments

Airdrops are specified as 100 OCTO to each address that successfully deposits a total of 100 OCTO1 and completes six (6) months runtime of the interest program — obviously limited to the first 1,000 holders to do so.

Interest program future

Additional yield bearing integrations shall be made pending community decisions made. The earn.octo.fi interface is intended to be used to provide maximum value to Octonauts.

All official announcements will be made on our blog first and foremost. Following completion of the bonding curve, we will announce official commencement for the interest program. The program will run perpetually until the interest program allocation is exhausted.

In the leadup to the launch of the interest program we will publish official tutorials and user guides on the blog for those interested in participating.

🎉 Public sale complete

Full details of the Octoken bonding curve distribution and decentralized exchange allocation of the OCTO governance token are available here.

In the meantime, come and wrap your tenties around our octoMemes on twitter.

  1. Deposits less than 100 OCTO are still eligible, provided that additional deposits from same address total 100 OCTO. If less than 1000 addresses lock 100 OCTO for 6 months, and a portion of the 100k allocation remains, deposits of lesser amounts will be considered for airdrops of the remainder. This would be decided by way of community governance vote and prioritized in order of amount deposited (addresses who have deposited closer to 100 OCTO rank higher). 

Interest Pool for Earning Yield with Octokens
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Interest Pool for Earning Yield with Octokens