Announcement of update FIXED’s releasing methods for developer team and investors
Fixed.Finance, the first and the best stable yield investment protocol on HECO, is honored to gain continuous attention and popularity globally.
Recently, according to community’s suggestion and market impact, the following adjustments have been made on FIXED’s developer timelock and investor timelock: 18% of 10millions FIX‘s total supply which developer team accounted for 10%, angel investors accounted for 8% will be vested based on FIXED’s deposit/stake/liquidity rewards’($FIX) minted speed instead of released in 24months linearly. After the adjustment, 0.225 FIX will be released when 1 FIX is minted by rewards pool which will largely reduce the output for original shares, and encourage developer team and investors to participate in a long term.
Developer team and investors timelock addresses are listed publicly for checking.
On another hand, FIXED will elevate the amount of deposit rewards, which will lead to a blooming of rewards APY. After the initiation of community governance (DAO), the amount and rewards of all functions will be decided by voting.