Hello World, This is Altitude Finance

5 min readNov 25, 2020

Introduction — What is Altitude

Altitude (PWDR) is an evolutionary cryptocurrency that is pushing the limits of DeFi by combining yield farming, flash loans, and community governance. Typical DeFi tokens tend to benefit whales that get in early, where few can profit and the many are left holding the bag. We aim to change that paradigm so everyone can secure value through the combination of sustainable high-APR farming, flash loans for ongoing long-term value, and a cyclical mechanism to retain value through platform fees, locked liquidity, and rewards for stakers.

Together we will climb.

Altitude Finance features:

🚠 New Altitudes! A governance token, PWDR, which has an initial supply of 5.25M and a max supply of 21,000,000
🧊 Frozen Liquidity! Locked Uniswap liquidity of 2,625,000 tokens
❄️Powder Accumulating! Fair distribution of the remaining supply of PWDR (15,750,000) to those staked in a “slope” (farm pool)
♻️ Cyclic Tokenomics! Transaction Fees which buyback PWDR and increase Frozen Liquidity, recycling the token supply over time
💰 Avalanche Incoming! Stake PWDR-ETH Uniswap LP tokens for a 5x bonus APR. All fees collected prior to the avalanche will get redistributed back to stakers — more on the avalanches below.
📚Building upon the successful models of the summitters before — including cryptocurrency pioneer Satoshi — Altitude’s supply tokenomics are built around the theory of a fixed supply of 21M tokens and our slopes mint an exponentially converging number of tokens each cycle
🚶‍♂️ Steady Footing! Stake any supported non-PWDR token in the Slopes and earn yield in both PWDR and your staked token with no risk of impermanent loss.
💱 Instant Liquidity! Instantly and easily borrow Flash Loans from the slopes at a market leading rate, providing liquidity sources for developers and yield for stakers.
👑 Mountain Prestige! Receive access to an increasingly cheaper source of Flash Loans by accruing Loyalty Points through each successful Flash Loan
💎 Gear up! Acquire exclusive Avalanche NFTs from the Lodge to boost your farming yields and discount your Flash Loans!

Please ask the team through Discord or Telegram if you have any questions about supporting our project.

How to Acquire PWDR

There are two ways to ride the PWDR. There will be a LGE event, followed by a launch on Uniswap.

1. Liquidity Generation Event (LGE)

Our 5-day LGE is slated to begin on December 4th, 2020. Those that support the LGE at certain thresholds will be rewarded with the following:

HIGH YIELD FARMING BOOSTS — APR boosts on the farming slopes
FLASH LOAN DISCOUNTS — Fee discounts on the Flash Loan slopes
NFT BOARD — An awesome limited edition NFT board (limited availability, details below)
Want to participate in the LGE? Visit us at https://altitude.finance/LGE

2. Ride the slopes, get PWDR

PWDR will be available on Uniswap following the conclusion of the LGE event window
Farm on the slopes by staking in any of the six farming pools: PWDR-ETH Uniswap LP (“black diamond”), USDC, USDT, DAI, wETH, and wBTC.
Stakers are rewarded with high APRs. The PWDR-ETH slope will reward with 5000% initial fixed APR, while the other five slopes reward at 1000% fixed initial APR.
Reminder! Those that buy into the LGE at the Gold level will receive a 30% farming boost, raising the max APR to 6500% on the black diamond slope. See more details below in the NFT section.

NFTs With Benefits

Gold PWDR Board NFT (LGE only)

30% Farming Boost, highest discount on flash loans and more
Only 10 available for 20+ ETH LGE support

Silver PWDR Board NFT (LGE only)

20% Farming Boost, higher discount on flash loans and more
Only 20 available for 15+ ETH LGE support

PWDR Board NFT (Standard)

10% farming boost, high discount on flash loans
Only 30 available via OpenSea.io Marketplace for a 10 ETH purchase

PWDR Cycle

ACCUMULATION (minting, farming) and Fair Distribution

The first 5.25M tokens will be distributed to participants in the PWDR MAKING Liquidity Generation Event. During the first accumulation phase, the remaining 15.75M tokens will be minted by farming on the slopes.

The AVALANCHE (distribution) — Rewarding Stakers

The first avalanche will begin once PWDR #10,500,000 is minted and rewarded to someone staked on a SLOPE. At this point, the AVALANCHE will activate, and all of its accrued PWDR and ETH will start getting paid out to those staking their PWDR-ETH Uniswap LP tokens.

REOPEN the Slopes

The AVALANCHE distribution phase will occur for a fixed period of time (7 days) and then we cycle back to ACCUMULATION and PWDR minting restarts and the Slopes REOPEN.

Throughout all phases, flash loan slopes remain open and active to provide the resources for sustainable farming through fees and buybacks.

Using the successful model piloted by Satoshi for Bitcoin, Altitude will utilize an exponential converging supply model for each ACCUMULATION phase — each cycle will mint 50% of the previous cycle’s supply until a total of 21M tokens are in circulation.