Whiteheart Finance Memo

nftmatrix
4 min readApr 14, 2021

What: Whiteheart Finance is a decentralized protocol to enable a user to protect their investment in WBTC or ETH over a 14–28 day time period. This happens using a smart-contract paired with a liquidity pool to provide the difference between say an initial amount of $ETH worth $10,000 and the difference if it goes down to $5000. The differential ($5,000)would be payed out to the user + the diminished $ETH, retaining their initial USD value in $ETH (So payout is $5000 USDC, $5000 $ETH after the drop because the initial value of $ETH was $10,000). There is a price for this protection, 9.9% for $WHETH and 6.9% for $WHBTC.

Why: To provide tools which enable limited downside in USD terms if used correctly.

Product:

$WHITE staking. In return the fee described above will go to staked holders.

$USDC Fees Distribution

● 30% distributed among the $sWHITE (staked $WHITE aka $sWHITE) holders

● 30% distributed among the $USDC hedging pool liquidity providers

● 20% distributed among the $HEGIC staking lots holders

● 20% distributed among the Hegic pools liquidity providers

Token Model

Circulating supply: 8,888

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