BKEX
HTX
CoinEx
Beethoven X
Beethoven X
Beethoven X
Beethoven X
SCREAM is a lending protocol built on Fantom, for Fantom. SCREAM provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. SCREAM aims to build high-velocity markets for more traditional crypto-asset lending services, but with the goal of improving overall capital-efficiency across a wider range of Fantom-based assets.
Similar to (and based-from) existing lending platforms like Compound Finance, Aave and C.R.E.A.M. Finance, users will be able to lend any supported assets on our money markets, and use their capital as collateral to borrow supported assets.
At launch, SCREAM will enable borrowing and lending money markets across a set number of assets, with community governance expected to be fully implemented by Q3-Q4 2021 (see governance for more details).
At launch, SCREAM will offer the following high-liquidity money markets with dynamicly-adjusted incentives:
SCREAM aims to offer one of the highest liquidity platforms on Fantom. By offering money markets with the highest liquidity at launch, and aligning our incentives strategies with these markets, we believe users can obtain the highest value from its inception. SCREAM will introduce additional money markets, including stablecoins (e.g. FUSD); DeFi tokens (e.g. YFI, SUSHI, CRV, SNX); LP-tokens, and other major markets.
Token Distribution Model
The SCREAM token will have a total max supply of 2 million.
The Team has been able to create the following distribution model for the SCREAM token. Note, 31% of the total supply will be allocated to Treasury funds for future development opportunities in the SCREAM ecosystem.
SCREAM tokens are used to incentivize lending and for that reason, the Team has decided to allocate half of the total supply to lending/borrowing rewards.
At launch, the initial circulating supply of SCREAM is expected to be 107, 286.
Initial SCREAM rewards:
These rewards are used to provide incentivizes for liquidity providers and lenders/borrowers. At launch, total emissions will be ~1462 SCREAM per day. Here is the breakdown on how that's distributed:
Team Vesting
The SCREAM team have agreed to a 6 month lock-up of team allocations, which will start vesting on a monthly basis for 48-months (starting from 31 December 2021).
