MiniPanther MP Price N/A

MiniPanther DAO, a Special Purpose DAO (SPDAO) on the Fantom Network! MiniPanther brings the concept of fast-and-furious 14-day "layers" to the DAO world. After operating under the standard DAO mechanics of staking and bonding for 14 days, 80% of all non-LP treasury funds will be used for buybacks on day 15. MiniPanther is a DAO with emissions that last only 14 days, and it ends with a MASSIVE series of buybacks totaling 80% of the treasury:

• Staking rewards are given on days 1-14
• Bonding/minting is available on days 1-11, building the treasury (3-day vesting)
• Regular treasury withdrawal is disabled; admins have no access to treasury funds
• After 14 days, no more new MP tokens can be added to the supply. The amounts in all treasury bonds besides MP-DAI are calculated, and buybacks are performed by a special admin function
• 80% must be used for MP buybacks on the untouched MP-DAI LP within day 15
• 20% is sent to the contract operators
• If any buyback funds remain unspent after day 15, a publicly callable function can conduct all remaining buybacks
• After all buybacks are complete, MP becomes the meme token of the Fantom ecosystem
• Stakers will still receive rewards via proportional redistribution of the 8% Selling Tax
• If the protocol retains sufficient TVL, the team will pursue a Fantom infrastructural grant