Cryptocurrency attributes
Other attributes
By staking FTM assets, Stablecoin (aUSD) of zero interest-fee is minted to improve capital utilization.
Minimum collateral ratio of 110% — more efficient usage of deposited FTM
Governance free — all operations are algorithmic and fully automated, and protocol parameters are set at time of contract deployment
Directly redeemable — aUSD can be redeemed at face value for the underlying collateral at any time
Fully decentralized — Aquarius contracts have no admin keys and will be accessible via multiple interfaces hosted by different Frontend Operators, making it censorship resistant.
Token (AQU) holders can earn aUSD (Borrowing fee), FTM (Redemption fee) and AQU (Tranfer fee).
Token Distribution
100 million (100,000,000) AQU tokens in total.
0.1% of each AQU transaction will be burnt.
54% to the Aquarius Community
Stability pool rewards (32%): Issued to users who deposit aUSD to the Stability Pool. The rewards described by the following function: 32,000,000 * (1–0.5^year)
FTM-aUSD (0.1%): will be allocated to LPs of the aUSD:FTM Sushiswap pool. These tokens are earned by staking aUSD:FTM Sushiswap LP tokens and will be distributed by the protocol over the course of 20 days.
FTM-AQU (11.9%): Continuously minted for one year to liquidity providers of SushiSwap AQU-FTM trading pair.
aUSD-3Pool (10%): Continuously issued to liquidity providers of aUSD, e.g USDT-aUSD pair pool will be added on the Curve in the future.
25% to Team
Tokens will be locked up in the contract and released following a pre-set schedule. （Released in each block, halved each year）
20% airdrop to LQTY holders and Liquity Team
17% airdrop to LQTY holders
3% Liquity core team
We are seeking an official license from Liquity. Tokens will be locked in multi-sig-address. The airdrop plan will be released within the first 15 days following the Aquarius’ authorization. If the authorization does not happen in the first six months, these tokens will be destroyed.
1% marketing/bounties:
Set aside in multi-sig-address for providing initial liquidity and other marketing/promotion needs
