Blue Lobster Money LP Farms & Boardroom Launch

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

DETAILS

• LP Farms
  • Farming emissions will last for 300 days
  • Stake LP tokens to earn SHRIMP rewards
  • 40,500 SHRIMP rewards to be distributed across the following pools;
    • 18,000 — BLOB/USDT
    • 17,000 — SHRIMP/WBTC
    • 5,500 — BLOB/SHRIMP
  • No deposit or withdrawal fee

• Boardroom
  • Stake SHRIMP in the Boardroom to earn BLOB rewards
  • During expansion, newly minted BLOB rewards will be distributed as follows:
    • 80% — Reward to Boardroom stakers
    • 15% — DAO fund
    • 5% — DEV fund
  • Boardroom only prints new BLOB tokens when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked SHRIMP is locked for 4 epochs and BLOB rewards locked for 2 epochs (every deposit/claim/withdrawal resets the lockup timer)

• 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