SSGT Key Points and FAQ

Overview of the SSGT Key Points, Distribution Schedule and a Community-driven FAQ

Dear Community,

As we get closer to the launch of the SafeSwap Governance Token (SSGT), we have collected the most frequently asked questions that have been asked by our community so that everyone can be armed with the best understanding of the role that SSGT plays in our DeFi ecosystem. In addition, we have also constructed a timeline of the distribution schedule for the SSGT pre-sale and public sale on YFDAI’s LaunchPad, as well as the initial SSGT airdrop for all YF-DAI holders, stakers, and farmers.

As our vision to establish the most complete DeFi ecosystem — abundant liquidity, streamlined governance, and ample rewards for stakers, farmers, liquidity providers, and more — takes form, we appreciate all of your questions, feedback and continued support!

SSGT Key Points: Rules, Token Sale & Airdrop

There are 3 key areas to cover as you review the distribution schedule timeline (or schedule of events):

Renewed Commitment to our Long-standing Supporters: Starting of with point #3, to ensure that users do not take advantage of the SSGT airdrop in an unfair way to the detriment of our long-standing community and the YFDAI project, we have instituted new measures that support our commitment to long-term success of YFDAI Finance overall.

As such, we’ve instituted these additional measures effective immediately regarding the SSGT airdrop:

Anyone lowering the amount of YF-DAI they hold/stake/farm between the final qualifying snapshot (March 16) through the initial SSGT airdrop claim date (1 month after SSGT listing), will forfeit the entire SSGT airdrop they qualified for.

If you lower your amount of YF-DAI held/staked/farmed in between monthly distribution periods, you will forfeit all future distributions unless and until you restore your balance of YFDAI to what it previously was at. This will be determined by the following month’s snapshot.

A user can still sell SSGT when they receive it, but they will lose all loyalty bonuses that have been previously outlined in part 2 of our SSGT deep-dive series.

Also, a user can sell the rewards they get from staking/farming both YFDAI and SSGT with no penalties.

100% of all forfeited SSGT tokens will be burned.

SSGT Pre-sale & Public Sale

As a reminder, the SSGT presale on YFDAI’s LaunchPad is only available for Farmers and Stakers of YF-DAI (start staking your YF-DAI here or farm with your YF-DAI here). The SSGT public sale will also happen on YFDAI’s LaunchPad.

The SSGT Presale will only be available to those Staking or Farming YF-DAI for at least 15 days (late eligibility exception in our SSGT Summary article).

Here is the timeline for the pre-sale and public sale:

  • SSGT Pre-sale: Tokens will be distributed over 6 months
    - 25% at TGE
    - 15% per month thereafter
  • SSGT Public sale: 100% will be unlocked and distributed at TGE

If you’d like the full details on the SSGT presale and public sale via LaunchPad, including SSGT multiplier levels, they can be found in part 1 of our SSGT in-depth analysis, which can be found here.

The SSGT pre-sale longevity bonus (shown in the timeline below) is for those users who do not sell or move their staking or farming rewards over the 6-month (180-day) distribution period. Those users will receive a bonus amount of SSGT tokens of allocation x 1.75 multiplier.

SSGT Airdrop for YF-DAI Holders, Farmers & Stakers

The SSGT airdrop for holders, farmers & stakers will take place over a 6-month vesting schedule. There is no minimum that needs to be held, farmed or staked.

As mentioned in part 2 of our in-depth analysis on Airdrops and Loyalty bonuses, there are key dates to be aware of for airdrop eligibility.

With regard to the vesting schedule, snapshots will take place every calendar month for 6 months from March 16th. The airdrop distribution is monthly in arrears after the SSGT listing.

Regarding SSGT Loyalty Bonuses, these will be awarded to those who do not reduce the amount of either A) the amount of SSGT held in wallets or B) the amount of YF-DAI in each pool (more details and criteria in part 2 of our SSGT deep dive).

These loyalty bonuses will be distributed after the end of the initial 6-month SSGT distribution on a monthly basis over an additional 90 days (3 months). During these last 90 days, token holders can pull out their funds and still get the bonus distributed to them.

For the last-man standing NFT, the rewards will be paid in YF-DAI following the initial 6-month distribution period of SSGT, with no lockup or extended distribution period.

Now, let’s jump into the distribution timeline:

SSGT FAQ

Here at YF-DAI we are fortunate to have an engaged and growing community. The comprehensive FAQ below is an example, gathered from questions asked so far about SSGT.

There’s a good chance that if you have any questions, you’ll find an answer below.

What’s Next

Please continue to voice your questions and feedback in our main Telegram community channel. As we release more details on our roadmap to bring SSGT to life and make it a very active part of the YFDAI ecosystem, we will be sure to make more announcements so you are always in the know, helping us grow YFDAI every step of the way.

YFDAI TEAM

Important Links:

Governance — https://governance.yfdai.finance

Telegram Governance — https://t.me/joinchat/TjNNP9ipD9ObYLUU

Farming — https://farm.yfdai.finance

Staking — https://stake.yfdai.finance

Website — https://yfdai.finance

Telegram Community — https://t.me/yfdaifinance

Telegram Announcements — https://t.me/yfdai

Discord — https://discord.gg/S3GRXRC

Bitcointalk — https://bitcointalk.org/index.php?topic=5295276.new#new

Reddit — https://www.reddit.com/r/YFDAI

YFDAI is a community centric, innovative DeFi project developed by the people, for the people.