Introducing Stag Finance & STAG 🦌

Insurance is necessary, insurance corporations aren’t

Stag Finance is the latest P2P coverage protocol on the Binance Smart Chain. We offer low-cost coverage and swift resolutions of claims by eliminating intermediaries through sophisticated on-chain peer-to-peer coverage provision and claim assessor voting systems.

Stag Finance will initially focus on protecting against risks in the DeFi space, notably smart contract risk. Allowing DeFi users to be protected against smart contract risk promotes confidence and trust between protocols and their users. This would ensure the sustainable growth of the DeFi space.

We will expand our product range in accordance with the needs of the market. While there is already ample opportunity in the DeFi space, we aim to also offer our product to not just the larger cryptocurrency community, but also to mainstream users.

Stag Finance’s long term vision is to allow anyone to buy coverage on anything.

STAG Token

STAG is the native token of Stag Finance and it has the following uses:

• Capture the economic gains of our platform
• Future governance purposes

‌Users who participate in bootstrapping our platform via staking and interact with our coverage products will be rewarded with STAG.

The details of STAG are as follows:

• Ticker: STAG
• ‌Total Supply: 20 million
• Distribution:

After 90 days, the 10% allocation to Liquidity Mining will be directed to Policy Mining.

• Development Fund: used to fund development and expand the team. The Development Fund will be emitted proportionally in line with the schedule of the Liquidity and Policy Mining i.e. for the first 90 days, a total of (10/77)*3m = 389,610.39 tokens will be linearly released and subject to the same 180-days lock-up mechanism below.
• Partnerships funds: pre-mined for strategic expenses such as listing fees, audits, liquidity for partnerships etc. These funds will be subject to a 24-hour timelock, as a reassurance to our users
• Token Lock-up Mechanism: A lock-up mechanism on STAG rewards earned is put in place to maintain steady liquidity and price stability for STAG

‌For the first 180 days, 20% of all STAG rewards can be claimed immediately and 80% of all STAG rewards earned will be subject to a 180 days linear unlock. See the following illustration:

*Unlocked (%) = (No. of days from launch/180)*80%

‌The lock-up mechanims for all STAG rewards will end after 180 days from launch (i.e. all STAG rewards earned from policy mining can be claimed immediately).

Join Us

💻 Website: https://stag.finance
👾 Discord: https://discord.gg/5FN7VTWrWh
🐦 Twitter: https://twitter.com/StagFi_Official
📰 Medium: https://medium.com/stag-finance
📒GitBook: http://stag-finance.gitbook.io/
💬 Telegram: https://t.me/stagfinance