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FAQ
General questions
What are the official HaloDeFi websites?
https://www.halodefi.org/
http://app.halodefi.org/
What is the hard cap of HaloDeFi?
250 million HFI, to be reached in March 2024.
What’s the current block reward?
Launch Period 1000 HFI / block
Phase A: 100 HFI / block
Phase B: 60 HFI / block
Phase C: 50 HFI / block starting July 1, 2020.
xHFI (staking)
What is xHFI?
xHFI is a token similar to our LP tokens, that you receive in exchange for staking HFI tokens in our Brazaar (market). While holding the token, it will appreciate its value, as fees from the decentralized exchange are sent to the Brazaar. The xHFI token is always worth more than a regular HFI token.
How much can I earn for xHFI staking?
It's important to understand that this number changes constantly due to fluctuating trade volume in the exchange and is dependent on how many HFI are staked in the Brazaar (market).
It is common to see ranges between 8% and 50%. It's also possible for this amount to drive beyond 100% when trade volume is high.
Why is my xHFI balance lower than my HFI balance?
When you stake your HFI tokens, you “purchase” a share of the xHFI pool. Because xHFI appreciates in value compared to HFI, the amount of xHFI you get for your HFI decreases overtime.
Where do staking rewards come from?
From exchange trade fees (0.05%).
Token economics
How much goes to the dev fund?
10% of HFI / block.
Where can I check the dev fund balance?
What is the fee breakdown?
0.25% for LPs + 0.05% for xHFI holders.
When will xHFI rewards end?
The 250M cap will be reached in March 2024.
Governance
The community governed decisions are executed by Multisigs. Operations and Treasury (mirroring the fundamentals that have successfully aided sushiswap).
What’s the role of the Operations multisig?
Approving transactions coming out the growth fund (mirroring observed efficiencies of SushiSwap)
Adding xMLS
Adding / removing pools
Changing pool weights (rewards)
Changing the HaloDeFi block reward
The Operations Multisig is comprised of core team members, voted into the team. Any transaction to be executed, specifically changes to the smart contracts (core or peripheral) requires at least 3 signatures.
Signers of the Operations Multisig include (Twitter handles)
What’s the role of the Treasury Multisig?
Approving transactions coming out of the dev fund
How many signers are needed?
3 for Operations, 6 for the treasury.
Can anyone submit a governance proposal?
Yes. Any member of the HaloDeFi community is welcome to submit a proposal on
#
How can a proposal be pushed to a vote?
If a proposal gathers enough community interest, enthusiasm and engagement, it is then reviewed by the core team. If approved, a formal vote can be submitted via https://snapshot.page/#/halodefi.eth
Do I have to pay gas to vote?
No, it’s completely free.
How is my vote calculated?
HFI-ETH pair: 1 HHFID in the pool = 2 votes
xHFI (staked HFI): the number of staked HFI = # of votes
How many votes are needed to reach quorum on a proposal?
5 million votes
Last modified 7mo ago
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