Launch Overview

Inspired by the original idea behind Basis as well as its predecessors, Fairy Finance is a multi-token protocol that consists of the following 3 tokens:

• FairyFinance Token ($UNICORN): The algorithmic token pegged 1:1 to WCRO

• FairyFinance Shares ($WINGS): Claim UNICORN inflation when the network expands

• FairyFinance Bond ($MAGICBOND): Purchase when the network is in contraction and can be redeemed for UNICORN when the network comes to its deflationary phase.

It involved an innovative solution that can adjust the token supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi.

The protocol's underlying mechanism dynamically adjusts UNICORN supply, pushing its price up or down relative to the $WCRO price. However, there may be times where UNICORN loses its peg to $WCRO. If our protocol is functioning as intended, UNICORN will follow $WCRO to keep pegged at 1:1.

LAUNCH SCHEDULE

• Genesis starts on 9th Aug 2022 6:00 AM UTC

• $WINGS reward pool begins on 9th Aug 2022 10:00 AM UTC

• $WINGS reward pool lasts for 365 days

• Boardroom(MAGICROOM) starts on 10th Aug 2022