ReFi Bi-weekly Update — 23/12/22

Hello ReFi Community! This is our first bi-weekly update to the community. We want to update everyone on progress and new developments. We’ve heard your feedback on more communications, so we want to take the time every two weeks to highlight what the team has been working on!

Tokenomics Update:

In an earlier article, we revealed the tokenomics schedule for the new protocol, but we want to provide more details here. Here is the planned vesting schedule for those that haven’t seen it:

TL;DR: ReFi OGs will acquire 100% of airdropped tokens before the team even sees a single token. The team’s tokens will vest over three years (with a one-year cliff).

Additionally, we want to provide the tokenomics breakdown for the rest of the ‘$XYZ’ token supply here:

Design & Website:

We are finalizing designs for the new token and the website & DApp front end. We can’t share much yet, but here’s a little tease of what our logo might look like ;)

Dev work & BD partnerships:

After finalizing the token swap backend (the token swap is now live), the dev team is back to prioritizing the smart contract work needed for the new protocol. We’re in discussions with various partners under NDAs to procure a liquidity layer for our new trading protocol. We can’t say much about it now, but we’re super excited!

Thanks for tuning in and supporting the team. Super excited about our new chapter in 2023. We’ll have much more to share as partnerships and protocol architecture progress!

Happy Holidays and New Year! 🎉