$DRINK is the governance and staking token which presides over Beverage Finance.
$DRINK is the governance and staking token which presides over Beverage Finance.
Beverage Finance makes leverage and yield accessible to anyone with tokenized positions that are traded on DEXs. Beverage Token ($DRINK) has no premine and is fair launched. Holders govern the protocol and stake to earn a fee split from products. Developers of strategies earn fees and benefit from liquidity mining for distribution. All products are built on Set Protocol's battle-tested V2 infrastructure.
Beverage Finance is a decentralized asset manager for structured products. Similar to Sushi and Yearn, Beverage is a fair launch, no premine project that is governed by the vote of the community. 80% of fees are sold to $DRINK and distributed to $xDRINK stakers. Beverage is developer first, anyone can create a strategy and launch it on Beverage with minimal governance and receive 20% of fees.
$DRINK is an ERC-20 token deployed on the Ethereum blockchain. No max cap for now (same as PancakeSwap), but can be voted by community and changed by governance in the MasterChef contract. $DRINK can be staked in $xDRINK to earn 80% of fees generated from Beverage products (other 20% go to the developer of the strategy). 10% of the emissions accrue to the community treasury which can be voted on by the community on how to spend it.