Tokens

Overview

Medieval Finance employs a two-token system to maintain $SHIELD's peg value, and to stabilize the protocol during market volatility. The two core tokens in the ecosystem are $SHIELD and $KNIGHT.

$SHIELD - The Protocol's Pegged Token

$SHIELD is the primary token of the Medieval protocol, designed to act as the legal tender, it's built-in stability mechanism aims to maintain a peg of $1.00 (1 $scUSD).

Primary Attributes

Initial Mint: 25 $SHIELD will be minted upon contract creation for initial liquidity, and 525,000 $SHIELD were allocated for The Inception Event emissions.
Peg Mechanism: $SHIELD is pegged to $scUSD through an algorithmic system, and is NOT COLLATERALIZED.
Varied Volatility: Unlike traditional fiat-backed stablecoins, $SHIELD's price will be volatile, ranging above or below 1 $scUSD and based on market demand and supply mechanics.
Tokenomics: The supply of $SHIELD is dynamically increased when the price is above-peg, and maintained when below-peg. The supply is unlimited and uncapped, but supply expansion rates are dependent on the revenue generated by Medieval's Peg Nobility Vault (PNV). This way all newly $SHIELD is always backed by the $scUSD in the fund.

Contract

*WARNING: Note that $SHIELD actively pegs via the algorithm and mechanism, and is only backed by the Peg Nobility Vault (PNV). It does not mean it will be valued at 1 $scUSD at all times as it is not collateralized. $SHIELD is not to be confused with a fiat-backed stablecoin. There are risks, and this is an experimental algorithmic token.*

$KNIGHT represents governance & protocol ownership. It also acts as a share token that reflects confidence in the Medieval protocol's ability to maintain the peg of $SHIELD

Primary Attributes

Bootstrapping Epoch: The initial epoch will run for 60 hours (10 epochs) at a 0.7% expansion rate, regardless of peg.
Initial Mint: 30 $KNIGHT will be minted upon contract creation for initial liquidity, and 49970 $KNIGHT allocated towards liquidity rewards.
Tokenomics: 49,970 $KNIGHT for liquidity rewards over 12 months linearly; 10000 $KNIGHT to the team also linearly over 12 months.
Epoch Expansions: During expansion epochs, $SHIELD is minted based on generated revenue and distributed to $KNIGHT holders who have staked in the Colosseum.
Governance: Holders of $KNIGHT can vote and have ownership rights to the protocol. They can participate in protocol governance.

Total $KNIGHT Distribution

$KNIGHT has a maximum total supply of 60,000 tokens, strategically distributed over 12 months to balance growth, development, and community involvement:

49,970 $KNIGHT
10,000 $KNIGHT Shares allocated to developers, vested linearly over 12 months.
30 $KNIGHT Shares minted at contract creation for initial liquidity purposes.

This allocation ensures a healthy balance between incentivizing participants, supporting development efforts, and providing liquidity to the protocol

Contract

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$SHIELD - The Protocol's Pegged Token

$SHIELD is the primary token of the Medieval protocol, designed to act as the legal tender, it's built-in stability mechanism aims to maintain a peg of $1.00 (1 $scUSD).

Primary Attributes

Initial Mint: 25 $SHIELD will be minted upon contract creation for initial liquidity, and 525,000 $SHIELD were allocated for The Inception Event emissions.
Peg Mechanism: $SHIELD is pegged to $scUSD through an algorithmic system, and is NOT COLLATERALIZED.
Varied Volatility: Unlike traditional fiat-backed stablecoins, $SHIELD's price will be volatile, ranging above or below 1 $scUSD and based on market demand and supply mechanics.
Tokenomics: The supply of $SHIELD is dynamically increased when the price is above-peg, and maintained when below-peg. The supply is unlimited and uncapped, but supply expansion rates are dependent on the revenue generated by Medieval's Peg Nobility Vault (PNV). This way all newly $SHIELD is always backed by the $scUSD in the fund.

Contract

$KNIGHT represents governance & protocol ownership. It also acts as a share token that reflects confidence in the Medieval protocol's ability to maintain the peg of $SHIELD

Primary Attributes

Bootstrapping Epoch: The initial epoch will run for 60 hours (10 epochs) at a 0.7% expansion rate, regardless of peg.
Initial Mint: 30 $KNIGHT will be minted upon contract creation for initial liquidity, and 49970 $KNIGHT allocated towards liquidity rewards.
Tokenomics: 49,970 $KNIGHT for liquidity rewards over 12 months linearly; 10000 $KNIGHT to the team also linearly over 12 months.
Epoch Expansions: During expansion epochs, $SHIELD is minted based on generated revenue and distributed to $KNIGHT holders who have staked in the Colosseum.
Governance: Holders of $KNIGHT can vote and have ownership rights to the protocol. They can participate in protocol governance.

Total $KNIGHT Distribution

$KNIGHT has a maximum total supply of 60,000 tokens, strategically distributed over 12 months to balance growth, development, and community involvement:

49,970 $KNIGHT
10,000 $KNIGHT Shares allocated to developers, vested linearly over 12 months.
30 $KNIGHT Shares minted at contract creation for initial liquidity purposes.

This allocation ensures a healthy balance between incentivizing participants, supporting development efforts, and providing liquidity to the protocol

$SHIELD - The Protocol's Pegged Token

Primary Attributes

Contract

$KNIGHT - Share & Governance Token

$KNIGHT represents governance & protocol ownership. It also acts as a share token that reflects confidence in the Medieval protocol's ability to maintain the peg of $SHIELD

Primary Attributes

Total $KNIGHT Distribution

Contract

$SHIELD - The Protocol's Pegged Token

Primary Attributes

Contract

$KNIGHT - Share & Governance Token

$KNIGHT represents governance & protocol ownership. It also acts as a share token that reflects confidence in the Medieval protocol's ability to maintain the peg of $SHIELD

Primary Attributes

Total $KNIGHT Distribution

Contract