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Home All Events - Ape O'Clock Blue Lobster Money Genesis Pools Launch

Date

Feb 16 2023
Expired!

TimeUTC

6:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Feb 16 2023
  • Time: 1:00 pm

Status

Active

Blue Lobster Money Genesis Pools Launch

New algorithmic stablecoin pegged 1:1 to USDT on Arbitrum.

DETAILS
  • Genesis Farms
    • In the first 24 hours, 1,800 BLOB rewards to be distributed across the following pools:
      • 15% — USDT
      • 12.5% — USDC
      • 10% — WBTC
      • 62.5% — BLOB/USDT
    • After 24 hours, 16,200 BLOB rewards to be distributed across the following pools over 9 days:
      • 35% — BLOB
      • 5% — USDT
      • 5% — WBTC
      • 55% — BLOB/USDT
      • SHRIMP/WBTC pool may be added halfway through the week
    • 1% deposit fee on non-native pools; 0% on native pools
    • No withdrawal fee
    • LP farms and Boardroom is scheduled to open on February 17, 2023, 6pm UTC
  • Tokens
    • $BLOB is the algo-stable, pegged 1:1 to USDT
      • Initial supply: 19,000
        • 1,800 — Genesis rewards
        • 16,200 — BLOB farming
        • 1,000 — Pre-mint for initial liquidity
    • $SHRIMP is the shares token
      • Total supply: 50,000
        • 40,500 — Farming rewards (vested linearly over 300 days)
        • 4,500 — DAO fund (vested linearly over 300 days – 15 SHRIMP/day)
        • 4,500 — Dev fund (vested linearly over 300 days – 15 SHRIMP/day)
        • 500 — Pre-mint for initial liquidity
    • $CRAB is bond token

Blockchain

Arbitrum