The protocol consists of three stages, each having its own purpose for a healthy, sustainable ecosystem:
The Inception (Genesis)
The Camelot Farms
The Colosseum (Boardroom)
We are using a two-token system and strategically removing bonds from the picture:
Shield ($SHIELD) - pegged to 1 $scUSD
Medieval Shares ($KNIGHT) - share and governance token of the Medieval protocol
Additionally, we are integrating what we call "Big Brain" features and recommended strategies for using the protocol
Bootstrapping $SHIELD and kickstarting the Medieval Economy
Every warrior needs to have an epic inception story, right? Well, buckle up: this is ours, the Medieval Finance Inception Event. We forged Medieval Finance from the ashes, a protocol built for the long haul. It kicked off with a clear vision, ditch the baggage, crank up the staking, create utility & use-case, and let $KNIGHT and $SHIELD warriors run the show. Just a powerhouse community that every move deepens liquidity, sparks growth, and scores rewards that actually hit. This isn't just a regular launch, it's the dawn of a new DeFi era, and you are writing it with us.
To kickstart our foundation, and bootstrap the initial supply of $SHIELD, we are running a 7-day Origin Event, This will begin on March 28, 2025 at 10pm UTC.
Total $SHIELD distributed: 577,500 or 82,500 per day
Here is a list of the assets featured in the Incenption Event (7 days) and emissions per day:
Token price of $SHIELD: $1.00 (pegged to $scUSD)
Total Emissions: 577,500
*WARNING: $SHIELD NOT CLAIMED FROM THE INCEPTION EVENT AFTER 15 DAYS, WILL BE AUTOMATICALLY SENT TO THE TREASURY*
How to Maximize Profits & Yield
Whether staking or providing liquidity, knowing Medieval's economic phases is crucial for balancing returns & risk. Here are phase-specific strategies:
During the inception phase, users can stake blue-chip assets and partner protocol tokens to earn $SHIELD tokens and bootstrap the protocol & liquidity. This is how you can build your $SHIELD positions without much risk. The Inception Event is designed for high rewards, with low risk. User's can also add liquidity to SHIELD/SCUSD, and earn $SHIELD faster, while strengthening liquidity and building a foundation for the protocol.
During this phase, multiple earning opportunities open up:
Camelot Farms: Stake liquidity pairs like SHIELD/SCUSD and KNIGHT/SCUSD to earn $KNIGHT rewards.
The Colosseum: Stake $KNIGHT to earn $SHIELD at rates determined by market conditions and our team.
This is where different strategy comes into play, based on your own personal risk management and tolerance. After strategically running through different scenarios and through testing, we recommend the 50/25/25 strategy. Where 50% of your allocated resources to the protocol are in SHIELD/SCUSD in the Camelot farms, 25% is allocated to KNIGHT/SCUSD, also in farms, and 25% in $KNIGHT single staking in the Colosseum.
We strongly recommend taking profits regularly. We recommend selling at least 33% of your $KNIGHT emissions to balance personal gains with protocol health & sustainability. When $SHIELD is over-peg, sell some $SHIELD you earn from the Colosseum. This is actually healthy and prevents oversupply and stabilizes the protocol. We recommend reinvesting $SHIELD rewards from the Colosseum into the Camelot farms to reduce volatility exposure. If everyone participates, and follows the outlined strategies, we are fueled for success.
During shrinkage, $SHIELD falls below its peg, and protocol emissions weaken:
The Colosseum will stop minting $SHIELD. You may want to reduce exposure to $KNIGHT staking temporarily.
*WARNING: $KNIGHT will be very illiquid during the shrinkage phase, only dip your toes in if you honestly believe in the protocol's recovery. If the shrinkage phase persists, rebalance holdings and take profits as needed.*
When $SHIELD trades above 0.9 $scUSD but below 1.1 $scUSD, we are in stability and this is very healthy for the protocol. Emissions will remain ideal & consistent during this phase. Just be on high alert, monitor the market, since we could easily enter shrinkage or growth phases.
What about Bonds? There are NONE
Alright, let's break it down. Bonds in tomb forks? They're like that friend who borrows cash and never pays you back. Meaning trouble from the jump. The pitch is simple: when the peg's underwater, you trade base tokens for bonds, burn the extras, and hope it jacks up the value. Later, if the peg bounces back, you can cash those bonds for a bonus. In theory, sounds like a great idea. But in reality, it's a terrible move. Those bonds stack up as debt the protocol has to shoulder, and after 100's of protocol failures, it's obvious they don't fix much and just tank confidence and momentum. Picture this: the peg's back, and instead of $KNIGHT holder popping champagne, the protocol's stuck paying off bondholders first. That's a momentum killer. So Medieval is ditching bonds to focus on real growth. No more debt traps.
Medieval's Inflation Mechanism
Step into The Colosseum: the battlefield powering $SHIELD emissions. This is where $KNIGHT holders stake their tokens, claiming $SHIELD rewards during growth epochs with every token locked in. Your resolve here doesn't just pad your holdings, it fuels the protocol's surge, driving growth and anchoring sustainability. The Colosseum isn't for the faint of heart; it's the crucible where Medieval's future is forged and gladiators are born.
The Colosseum is your 1-stop spot for staking $KNIGHT and snagging some of those sweet $SHIELD rewards. It's a locked, single-staking setup, where you toss in your $KNIGHT, kick back, and watch the expansion rewards roll in. Not only does it keep you in the game for the long haul, but it also helps keep the $SHIELD vibes steady and the Medieval ecosystem humming along nicely. Easy, rewarding, no impermanent loss, and a win for everyone.
Ready to dive into it? Here's the breakdown: it runs on 6-hour epoch cycles, kicking off with a cool 0.7% expansion rate for the first epoch. Want out? You can unstake after 6 epochs. Rewards?? You can claim after 3 epochs, keeping the $SHIELD flowing your way. By staking your $KNIGHT here, you're balancing emissions, beefing up the ecosystem, and scoring rewards that coincide with Medieval's big-picture expansion plan. Jump in, stake up, and ride the wave of Medieval's long-term growth.
84% of $SHIELD rewards are given to Colosseum $KNIGHT stakers
10% goes to the Peg Nobility Vault (PNV) to utilize mechanisms in place to strengthen peg & liquidity
6% goes to the Team / Developer Fund
*WARNING: Rewards not claimed after 48 Hours are BURNED in the Colosseum*
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 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).
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.
*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.*
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.
$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
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.
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.
Welcome to the Camelot Farms: the pulsing core and lifeblood of the Medieval protocol. These farms are built to reward liquidity providers with massive incentives, all while keeping the ecosystem stable and primed for sustainable growth. Powered by the SwapX v4 model, the Camelot farms emits steady emissions (regardless of peg) and pumps value into $SHIELD and $KNIGHT, lighting the fuse for the Colosseum (boardroom) launch and cementing stability and sustainability for the future. Whether you're diving in as a liquidity warrior or a diehard gladiator, the Camelot is where your grit and passion ignite the engine of this unstoppable DeFi machine.
The Camelot Farms is your gateway to unlocking $KNIGHT rewards by providing liquidity for Medieval's different trading pairs. When you join the action, you're not just stacking profits, you're fortifying the Medieval Finance protocol, boosting market efficiency, and anchoring the peg stability that keeps our ecosystem humming in perfect harmony. This is where your moves shape the future of the protocol, providing sustainability, strength, and most importantly: Growth.
The Camelot Farms are dynamically forged with a singular mission: to produce active participation, grow the depths of the liquidity pools, and expand across the Sonic network. This is no idle endeavor: every move you make here amplifies the protocol's strength, growing key trading pairs with liquidity while cementing a foundation for growth. With $KNIGHT rewards as your war chest, the Camelot demands your commitment to fuel the Medieval protocol that's built to dominate and endure.
The Camelot Farms will initially begin with 2 different pools and liquidity will be utilized using SwapX. We'll strategically be adding partner protocol's tokens and liquidity pairs at a later time, the farms will begin with:
SHIELD/SCUSD (Classic Stable) LP
KNIGHT/SCUSD (Classic Volatile) LP
*All liquidity is utilizing SwapX technology and strategies*