FROTH / FVIX
At the core of PunchSwap, and all Punch products, is the FROTH/FVIX token.
FROTH is the leading memecoin on Flow EVM, which was launched initially as a test when the network went live. Later it was re-wrapped into the first launch on PunchSwap's token launchpad, where it bonded out with locked liquidity.
FROTH currently has a total supply of 978,835,412, which is ever-decreasing due to locks in FVIX and FVIX burning activity.
Visit the Froth page: https://swap.kittypunch.xyz/frothhttps://swap.kittypunch.xyz/froth
Visit the FVIX page: https://swap.kittypunch.xyz/volatility
FVIX Specifics
Overview
FVIX is a strategic token designed to enhance yield opportunities within the KittyPunch DeFi ecosystem. It leverages income from volatility products and captures protocol fees from a range of Punch products.
Minting Ratio
Conversion Rate: FROTH can be converted to FVIX at a ratio of 10,000 FROTH : 1 FVIX.
Current Impact: Approximately 10% of FROTH supply has been used for minting FVIX.
Fee Sources for Yield
Initial Source: Volatility products like the PunchVIX protocol.
Expanded Sources:
PunchSwap: Leading DEX on Flow captures 0.05% of all transactions.
PunchLend: Upcoming lending protocol that will integrate with PunchSwap.
Fee Utilization
Protocol Fee Breakdown:
75% of fees: Burned to control FVIX supply.
25% of fees: Distributed to sFVIX holders (staked FVIX).
Future Plans
Staking Mechanism: Details to be provided in an upcoming publication.
Other Products: Fees from non-Punch products like StableKitty will support a stablecoin-centric offering, details to be announced.
Notes
These systematic approaches are designed to benefit FVIX holders and ensure stability across the KittyPunch ecosystem.
Froth Specifics
Froth (FROTH) serves as the centerpiece of our ecosystem's memecoin offerings and plays a crucial role in the KittyPunch DeFi structure. With its inherent memetic value, FROTH facilitates the minting of FVIX, enabling holders to engage actively in volatility, lending, or trading products.
FROTH is the most liquid version of the two-token dynamic and likely the centerpiece of mainstream user awareness.
Contract Addresses
FROTH
0xB73BF8e6A4477a952E0338e6CC00cC0ce5AD04bA
FVIX
0x00f4CE400130C9383115f3858F9CA54677426583
Please ensure to verify these addresses through official sources before any transactions.
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