Description: MILK was stealth launched without any influencer, investor or venture capital money. We played in the various OHM forks and constantly got rekt from the “pre-sale” “community” who dumped their bags on us at 50x return. The intention was to grow slowly at the daily inflation rate of ~ 7%. Meaning it would be months and months until supply grew significantly and the protocol would be able to maintain the peg of 1 MILK = 1.1 MIM.
Ultimately the inflation rate of MILK on AVAX (hereby known as aMILK) was set at ~7% per day, making it too slow to support the necessary launch of the protocol. We did not expect users to purchase MILK at a price significantly above the peg of 1.1 MIM. The staking and LP contracts were not upgradeable, so devs could not do something to adjust the penalty.
Therefore we are relaunching MILK on the Fantom blockchain with what we believe to be the necessary adjustments in order to make the protocol successful. At MILK we will always put the protocol first and users second, but second place isn’t always so bad. Every wallet that interacted with aMILK will receive an airdrop of 25 Fantom MILK. This will be released 24 hours after launch.
Before we continue on we would like to take this moment to remind you that MILK is highly experimental decentralized finance. There is nothing safe about this. You may experience a 90% drawdown followed by another 90% for a full 180% drawdown! We have made significant changes to the bootstrap phase and are testing our theories and code in prod. You are not allowed to use MILK and then cry or whine to anyone.
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