What is Charge DeFi?

Significant changes are occuring with Charge DeFi - please watch our recent update and/or stay up to speed on our Telegram and Discord channels
The DeFi section of the Charge ecosystem requires thorough reading of the documents and the terms/disclaimer before proceeding.
While Charge initially launched on Binance Smart Chain, expanding to other significant chains increases access to Charge use cases while providing consistent buy pressure on the $Static token. Charge DeFi is a combination of tokens and liquidity pairs currently across two networks. BSC tokens consist the $Charge utility token, the $Static elastic-supply token that previously rebased under peg, liquidity pairs $Static-$BUSD and $Charge-$BUSD and the xStatic Membership receipt token. Fantom tokens consist of a utility token ($Charge), an elastic-supply token ($Static), liquidity pairs $Static-$USDC and $Charge-$USDC.


Binance Smart Chain (BSC)
  • 14 April 2022 - Snapshot for airdrop 00:01AM UTC, airdrop, public site up, can stake in farms
  • 15 April 2022 - Farms start at 03:00PM UTC
  • 20 April 2022 - Boardroom starts at 08:00PM UTC
  • 23 May 2022 - Bridging for limited $Charge opens
  • 21 June 2022 - Rebase is removed fully
Fantom Opera Network (FTM)
  • 19 Nov 2021 - Site launched, BSC pools open to earn $Static
  • 27 Nov 2021 - BSC Farming open for $Charge
  • 01 Dec 2021 - BSC Boardroom opened
  • 22 Feb 2022 - xStatic Membership opens
  • 21 June 2022 - xStatic Membership unlocks for everyone and Rebase is removed fully
An Elastic Supply Ecosystem
When looking at other Elastic Supply token and/or Algorithmic Stablecoin projects, one thing tends to stand out: as long as more money flows in, the system expands and everyone benefits. By nature, this type of project creates a ‘prisoner dilemma’ - as long as everyone acts for the greater good of the project, everyone’s investment will keep growing. But, when investors focus purely on their own gains, to the detriment of other investors, the system slows down and eventually shrinks.
Other (collateralized and/or uncollateralized) token projects have often reached a point where the value of their token dropped below peg without adequate measures to reach peg again. Bond mechanisms were implemented, often incentivizing investors to buy bonds below peg. When the tokens reached peg again they could be redeemed, for a profit.
These bond mechanisms usually worked for a time. But they could never prevent their token from entering a so-called “death spiral”. When the value of a token dropped below a certain threshold there was no way for it to regain peg without enormous investments. Without any incentive for investors to enter the ecosystem, they slowly failed. All of the above reasons lead Charge to the implementation of the Rebase Mechanism under peg until products were developed and ready for release.
In early 2022, the Charge team accpeted a vote held with the Charge community and removed a $Pulse bond token from the protocol. For more details on that please see BSC Tokens. With the May 2022 release of Bloomify, the Charge Team began working shaping the future of Charge along with tangible product release. With the launch of Bloomify, the need for reward via seigniorage and the need for rebase are not necessary. While the decision to remove rebase was challenging, the team wanted the community to retain $Static token quantity in an effort to preserve long term value. Rebase was removed from the protocol on 21 June 2022 and seingiorage will end 01 July 2022 and be replaced by a two token system ($Charge and $Static) with $Charge stakers receiving Bloomify performance fees via $Static.