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