---
# System prepended metadata

title: Tempest Finance

---

## Tempest Finance


Since the introduction of mixers and privacy projects in the the blockchain ecosystem, there has been a gap between transaction obfuscation and flexibility to conduct swaps and other activities whilst remaining anonymous where the user had to sent a transaction to a mixer/obfuscator, withdraw to a new wallet to do degen plays, possibly back into a mixer once more, and finally back out to a destination wallet.



:::info
:information_source: At present current services are only utilised as a transient service, where you send your funds to a new address so you can privately conduct transactions with no links to the previous address.
:::
#### Current Transintient Method
```mermaid
graph LR
id1(userWallet) -->  id2(obfuscator) --> id3(newUserWallet)
```
#### Tempest Protocol
```mermaid
graph LR

userWallet --> tempestFinance -- UNI+CRV zkSwaps --> tempestFinance --> exitIfRequired
```
----

At Tempest Finance we want enhance the user experience by creating a protocol utilising the attributes of obfuscated transaction and Curve/Solidly incentivisiation models under one sigle product in a multichain environment where users are incentivised to supply liquidity and earn protocol fees on swaps and transaction, think of it as "Curve Finance and zkRollups merged with Metamask to create Tempest Finance". 

![](https://hackmd.io/_uploads/r1SC54eK3.png)

----

### How it works

*insert info on how the protocol will carry out the zkSwaps & tx's*

----
#### UX
From on-chain analysis the protocol will look a lot like CEX wallet; i.e. [[Binance14]](https://etherscan.io/address/0x28c6c06298d514db089934071355e5743bf21d60) -  where all user's activity occurs behind one single Ethereium address inside their own ZK wallet. Users will be able to deposit tokens in their zkWallet, as the combined amount of tokens from all users for a single assets increase, their privacy coefficient increases. Once assets like USDT, ETH, DAI, USDC are inside Tempest they can be used to interact with other dapps without revealing their origin address, user will also receive TMPST rewards for providing liquidity and additional rewards in revenue fees by vesting the protocol tokens.
![](https://hackmd.io/_uploads/rJHmurxKh.png)


---
#### Revenue Model

1. Gauges
veTMPST holders will receive protocol fees on transactions and swaps relative to the amount of of tokens vested and their vesting duration, this system will work a lot more like Solidly's gauges, ensuring that vester tokens are rebased linearly with the rate of emissions.
1. Relayer rewards
Relayers will also receive $TMPST emissions set at 1/10 relative to gauge emissions.
3. Fees on swaps and transactions
The protocol will charge 0.25% on every zk transaction, that way we can ensure prolongued support and upgrades to the protocol where veTMPST verters will receive 80% of the protocol's fees.
5. Rebates
One unique feaure to our protocol is that users who do swaps can use their $TMPST to offset a large portion of their transaction costs; for example, if john 



---
~~Wallet Consolidation~~

### Privacy Pools & Gauge
By creating deep asset liquidity pools the privacy coefficent of the protocol increases exponentially, for that purpose we're intriducing a gauge system, where $TMPST holders can vest their tokens in the protocol and vote to allocate $TMPST emissions to various pools:

For example, if users with to incentivise a $PEPE pool, users can change their voting allocation to incentivise $PEPE deposits. depositors will receive $TMPST emissions as a reward for their TVL

For their efforts $TMPST vesters recive a large portion of fees generated by the protocol.

```mermaid
flowchart LR
  subgraph TEMPEST
    direction TB
    subgraph Gauge
        direction TB
        id1(VeTMPST) -->id2(Voting%)
    end
    subgraph PrivacyPools
        direction LR
        id3(UDSC)---id4(WBTC)---id5(ETH)---id8(PEPE)
    end
  end
  id6($TMPST) --> TEMPEST --> id7(Fee on Trading Vol)
Gauge --> PrivacyPools
style id8 fill:#bbf,stroke:#f66,stroke-width:2px,color:#fff,stroke-dasharray: 5 5
```
 

---

#### Long Term Vision - zkTempest Chain

After the succesfull growth of Tempest on Mainnet, we will commence to work on the deployment of ZKTempest chain, designed with the same level of privacy which will operate on a gasless basis, where micro fees will be deducted from transactions which will then be allocated to chain validators. A detailed document will be released in the comming months on how this technology will interact with validators and ecosystem users and developers.

---

#### Tempest token allocation breakdown:
:::success
* Pre-sale : 5%
* Partnership programs : 6%
* Treasury reserves : 54%
* Team : 15%
* Incentives : 55%
:::



### Token Distributibution
Seed Investors will receive 50% of their tokens at launch with a temptative price of $0.05 per $TMPST, the other 50% will be vested for a period of 12 months.

Partnership programs will be released up to a maximum of 50% of its allocation per year with an initial projection of two years.

Treasury will be managed in Gnosis along with respected community members, these funds are reserves for force majure events, zkTempest chain and other potential partnerships.

Team will receive their tokens via locked contract in the following schedule:
* 10% Released at launch
* 10% Vested for 6 Months
* 10% Vested for 12 Months
* 20% Vested for 24 Months
* 50% Vested for 36 Months

Incentives will be emitted in the schedule below:
* 12.5% Initial LP 
* 12.5% Year 1
* 12.5% Year 2
* 20% Tempest Network Incentives
* 42.5% Ongoing years + zkTempest

| Vesting Schedule | |  |
|-|-|-|
| Pre-sale | 5% | 4,000,000  |
| --- Released at launch | 25% | 1,000,000  |
| --- Vested for 6 Months | 25% | 1,000,000  |
| --- Vested for 12 Months | 25% | 1,000,000  |
| --- Vested for 18 Months | 25% | 1,000,000  |
| Partnership programs | 6% | 4,800,000  |
| --- Allocation Year 1 | 50% | 2,400,000  |
| --- Allocation Year 2 | 50% | 1,200,000  |
| Treasury | 54% | 43,200,000  |
| Locked in Gnosis Multi-Sig | 100% | 43,200,000  |
| Team (reeased via Sybil) | 15% | 12,000,000  |
| --- Released at launch | 8% | 1,000,000  |
| --- Vested for 6 Months | 8% | 1,000,000  |
| --- Vested for 12 Months | 8% | 1,000,000  |
| --- Vested for 24 Months | 25% | 3,000,000  |
| --- Vested for 36 Months | 50% | 6,000,000  |
| Incentives | 20% | 16,000,000  |
| --- Initial LP | 13% | 2,000,000  |
| --- Year 1 | 14% | 2,200,000  |
| --- Year 2 | 14% | 2,200,000  |
| --- Tempest Network Incentives | 20% | 3,200,000  |
| --- Incentive Reserves | 40.0% | 6,400,000  |


### Initial Offer

USD $8 million for 5% of the projects tokens at a pre-sale value of $0.05 per $TMPST and a launch Market Cap of $1 million limited to maximum of $1 million per investor.

*Funds are to be deposited in the following gnosis wallet address;*

Custodians for the wallet are:
* person 1 
* person 2 
* person 3
* person 4
* person 5


Deliberables 
Specifications and deployment have already commenced and we're loooking to start providing in-dept documentation through Q2 2023 with a tentative aim to deliver Tempest Finance into Q4 2023.


All enquiries can be directed into tempestfinance@proton.me
