Bul Finance Genesis Pools Launch
February 14 update – it appears that the Boardroom started printing too soon, and they made the Boardroom emissions too high. They are going to create a new Boardroom contract and airdrop BULSHARES to those who staked in the old Boardroom. See their Discord for full details.
Tomb fork on BSC with AssureDefi KYC.
- Genesis pools will run for 48 hours
- BUL Is the algo-stable, pegged to BNB
- xBUL is a governance token obtained by staking BUL
- Staked BUL becomes xBUL, the exchange ratio varies depending on the amount of BUL in the contract, see docs for more details
- BULSHARES is the shares token, with a max supply of 70,000
- 5,000 to the team, vested over 12 months
- 5,500 to the treasury, distributed linearly over 12 months
- 59,500 as farming rewards
- 1 for initial liquidity
- BULBONDS is the bonding token
It is unclear when the LP staking for BULSHARES rewards will begin, or when the full protocol will launch.