Origami Boyco Overview
Last updated
Last updated
In the Origami Boyco market (also known as Royco), users who supply USDC will earn bKAMI valued at $69M FDV pro-rata according to the vault deposit TVL which is capped to $69M USDC in this market (40% APR).
bKAMI are non-transferable points that will be redeemable 1:1 for KAMI, which is slated to be the governance token for OrigamiDAO at TGE. Up to 10% of the KAMI token supply is allocated for a maximum of $69M TVL in this Boyco market.
OrigamiDAO will utilise the funds in a USDC/HONEY or equivalent stablecoin LP to farm BGT and iBGT PoL rewards on BEX, the official DEX of Berachain. The Origami Boyco USDC Manager is owned by a 2 of 4 multi-sig with trusted signers from Origami Team.
Boyco USDC deposits will be locked for 3 months and will be fully redeemable for the original USDC deposit amount at the end of the 3 months directly on Berachain. Any potential fees or slippage during the BEX LP unwinding process will be 100% covered by OrigamiDAO.