Aquarius Launch Details

TLDR;

Contracts

Address

Codes on Github

Launch Details

Deployment

Aquarius goes live now!

Functionality

Aquarius will be fully functional at launch minus redemptions. In other words: Users will have the ability to open a Trove and borrow aUSD, deposit aUSD to the Stability Pool, stake AQU, and stake Sushiswap FTM: aUSD and FTM: AQU LP tokens when Aquarius goes live.

However, for the first ~14 days after launch redemptions will be disabled. This is to encourage growth of the system during its bootstrapping phase and to protect borrowers from otherwise unnecessary redemptions while they’re getting acclimated. Redemptions will be automatically enabled by the protocol after the 14 day grace period is complete.

Initial Liquidity

Due to TransferFee’s mechanism, we need to add a sum of initial liquidity for FTM/AQU when deploying contracts. This amount of initial liquidity will be added and managed by our Supervisor- LiquityFi.

We will send 100,000.00 AQU from the multisign wallet used for marketing to them. Thanks to LiquityFi team.

aUSD Stablecoin

aUSD is the USD-pegged stablecoin used to pay out loans on the Aquarius protocol. At any time it can be redeemed against the underlying collateral at face value.

aUSD will be minted when users deposit collateral (FTM) and open troves. The mechanism for its price stability is described in Liquity’s doc.

AQU Token

AQU is the secondary token issued by the Aquarius. It captures the fee revenue that is generated by the system and incentivizes early adopters and Frontend Operators.

TransferFee’s mechanism

The token contract will charge a 5% fee for each AQU transaction.

Whitelist:

Above operations in whitelist are exempt from the 5% transaction fee.

Token Distribution

54% to the Aquarius Community‌

25% to Team

20% airdrop to LQTY holders and Liquity Team

1% marketing/bounties

Stability Pool

32% for stability pool rewards will be activated immediately after the successful deployment of contracts.

LP Farming

Airdrop

The airdrop winners will be announced on our website on May 27. The rewards will be sent to the winners’ addresses before June 3.

Future

After the launch, we will focus on the creation of aUSD’s ecosystem and the building of more use scenarios. We hope more products or users can start to use aUSD, truly making it a “DAI” in the Fantom network.

Aquarius Finance Links

Website:http://aquarius.fi/

Gitbook: https://docs.aquarius.fi/

Twitter:https://twitter.com/Aquarius__Fi

Telegram: https://t.me/Aquariusfi

Discord:https://discord.gg/YeMj3H9BTM

Medium:https://medium.com/@AquariusFi

Email:contact@aquarius.fi

aquarius.fi is a decentralized borrowing protocol with interest-free loans, high capital efficiency. we expect Aquarius to be the next MakerDao in the Fantom.