Proposal to Upgrade Ultimate Champions’s ($CHAMP) Liquidity Pair for Farm Rewards from v2 to v3

Upgrade of Ultimate Champions’ Liquidity Pair for Farm Rewards from v2 to v3

We are proposing to shift Ultimate Champions’ Farm rewards from the current CHAMP-BUSD v2 LP to the new CHAMP-USDT v3 LP.

We believe that transitioning to the CHAMP-USDT v3 pair will further incentivize the liquidity for the CHAMP token, and support healthy trading volumes for PancakeSwap. As a result of the concentrated liquidity model, the same amount of liquidity in v3, compared to v2, can support significantly larger trades.

For example, for a $500 trade, with a liquidity of $200,000 in the pool, v3 is about 8x more efficient than v2. (Assuming the v3 liquidity was added across a price range of +/- 25% of the current CHAMP price.)

To ensure a smooth transition between v2 and v3 pairs, there will be an overlap of one day where there will be incentives directed towards both farms. This will occur on 26 Apr 2023.

After 0800 UTC on 26 Apr 2023, only the v3 pair will receive incentives, so users are encouraged to migrate in advance of this time.

The New Farm:

The proposed new v3 Farm will have the same emissions as the v2 farm. For example, if the v2 farm emits 10 CAKE per day, the proposed v3 farm will also emit 10 CAKE per day.

Other differences are the change of the liquidity pair and moving from the v2 farm to the v3 farm.

Previous v2 Farm:

• Stake CHAMP-BUSD LP, earn CAKE
• 0.1x multiplier
• 4 CAKE per day

New v3 Farm (1% fee tier):

• Stake CHAMP-USDT LP, earn CAKE
• 0.2x multiplier
• 4 CAKE per day

In the future, the farm will be re-adjusted to a 0x multiplier unless the following metrics are comparable with other 0.2x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.

Key timelines

• Launch of CHAMP-USDT v3 farm: Approx. 0800 UTC on 26 Apr 2023
• Sunset of CHAMP-BUSD v2 farm: Approx. 0800 UTC on 27 Apr 2023

How to migrate?

Please remember to shift your LP to the new farm before the v2 farm sunsets.

Please refer to the following link for migration instructions

What is Ultimate Champions?

The Ultimate Champions is a free-to-play fantasy sports platform with officially licensed NFT player cards that you can fully own, collect, and trade!

What is $CHAMP?

From the team: “CHAMP is the Utility Token that powers the economy in Ultimate Champions games, such as football and basketball. CHAMP was created by Unagi which is also building other parts of the ecosystem.”

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official CHAMP token contract address on Binance Smart Chain is:

https://bscscan.com/token/0x7e9AB560d37E62883E882474b096643caB234B65

​Any other CHAMP token will be a scam. Always verify the token address before buying tokens. If you receive a CHAMP token airdrop from another address, it’s probably a scam, and we advise you to ignore it.