Growth DeFi Avalanche Launch Countdown

We have been hard at work with our biggest deployment ever of our entire ecosystem to Avalanche. Our team have been making big progress and also some big moves behind the scenes that will set us up to propel Growth DeFi to new heights now and well into the future.

New chain, new features & new partnerships all lie ahead in the immediate term, all with the goal to fulfil our mission of creating maximum value for both users & token holders in our ecosystem. From a development point of view the move to AVAX for WHEAT and MOR was something we have needed to take special care in, and devote plenty of time to ensuring that everything goes off without a hitch. This is our single largest deploy to date!

We have done that successfully, and now we are prepared to announce that the launch will occur Friday, Nov 12 @ 6PM UTC. The countdown timer for the launch event is now live, and counting down to blastoff!

TLDR’s:

WHEAT

  • AVAX WHEAT fairly launches (No team allocations beforehand)
  • 800 WHEAT/day to farms (Extreme scarcity on launch)
  • 200 WHEAT/day allocated to the HYBridge
  • When HYBridge launches for BSC > AVAX WHEAT 97% bridge fee will insure extremely high burns of BSC WHEAT
  • 1/3 of the current supply of WHEAT on BSC is projected to be destroyed and taken out of circulation forever with the HYBridge
  • Starting price of WHEAT on AVAX will be set at $200
  • Extremely high APY’s at launch on AVAX

MOR

  • Self-repaying loans
  • xJOE leverage farming

WHEAT pairs on launch

(On AVAX)
(105x total multiplier):
WHEAT (Autocompounding) 25x
GRO 18x
MOR 20x
WHEAT/AVAX 20x
GRO/AVAX 10x
MOR/AVAX 12x

MOR specifics on launch

PSM swaps:

Mint Price: 1.001 USDC.e/MOR
Redeem Price: 0.99 USDC.e/MOR

Single Assets:

JOE:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: -8% (Self-repays 8% of the debt per year)
Yield: 100% of xJOE APY + 50% of MasterChef APY (currently 36.34%)

AVAX:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: 0%
Yield: Deposit APY of AVAX in BankerJoe (currently 4.93%)

WETH.e:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: 0%
Yield: Deposit APY of AVAX in BankerJoe (currently 1.93%)

WBTC.e:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: 0%
Yield: Deposit APY of AVAX in BankerJoe (currently 1.75%)

LINK.e:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: 0%
Yield: Deposit APY of AVAX in BankerJoe (currently 1.74%)

Trader Joe LP tokens (JLPs):

AVAX/WETH.e JLP:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: -8% (Self-repays 8% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 11.54% + swap fees (not included in the previous number))

AVAX/JOE JLP:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: -25% (Self-repays 25% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 32.52% + swap fees (not included in the previous number))

AVAX/WBTC.e JLP:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: -10% (Self-repays 10% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 10.27% + swap fees (not included in the previous number))

AVAX/DAI.e JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -12% (Self-repays 12% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 15.37% + swap fees (not included in the previous number))

AVAX/USDC.e JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -14% (Self-repays 14% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 20% + swap fees (not included in the previous number))

AVAX/USDT.e JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -12% (Self-repays 12% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 16.1% + swap fees (not included in the previous number))

AVAX/MIM JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -20% (Self-repays 20% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 27.25% + swap fees (not included in the previous number))

AVAX/LINK.e JLP:

Liquidation Ratio: 150% (66.66% LTV)
Interest Rate: -12% (Self-repays 12% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 11.25% + swap fees (not included in the previous number))

JOE/USDC.e JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -30% (Self-repays 30% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 68.2% + swap fees (not included in the previous number))

JOE/USDT.e JLP:

Liquidation Ratio: 140% (71.43% LTV)
Interest Rate: -30% (Self-repays 30% of the debt per year)
Yield: 100% of swap fees + 50% of MasterChef APY (currently 74.2% + swap fees (not included in the previous number))

Growth bonds on the horizon

We are already pressing towards our next big venture, with the goal of having vastly improved liquidity depth for all major ecosystem pairs! A partnership and collaboration with a major player in the space is coming together nicely as part of this.

For any further questions about the launch process feel free to join our Telegram.

Check out our already live products on BSC!

Borrow & leverage with MOR on BSC: https://mor.growthdefi.com/

Stake & Farm WHEAT: https://wheat.growthdefi.com/

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