Bullet Finance Boardroom Launch

October 10 update – the site is down, and the team hasn’t been heard from in several hours. No liquidity.

New algorithmic stablecoin pegged 1:1 to USDC on Avalanche.

DETAILS

• Boardroom
  • Stake GUN in the Boardroom to earn BULLET
  • During expansion, newly minted BULLET rewards are distributed as follows;;
    • 50% — Reward for Boardroom stakers
    • 25% — DAO fund
    • 25% — Dev fund
  • Boardroom only prints when TWAP < 1.01
  • Epoch duration: 12 hours
  • Staked GUN locked for 2 epochs and BULLET rewards locked for 1 epoch (every deposit/claim/withdrawal resets the timer)

• Tokens
  • $BULLET is the algo-stable token, pegged 1:1 to USDC
    • Initial supply: 16,500
      • 15,000 — Genesis farming rewards
      • 1,500 — Pre-mint for initial liquidity
  • $GUN is the shares token
    • Total supply: 50,003
      • 30,000 — Farming rewards (vested linearly over 100 days)
      • 15,000 — DAO fund (vested linearly over 30 days – 500 GUN/day )
      • 5,000 — Dev fund (vested linearly over 30 days – 166.67 GUN/day )
      • 3 — Pre-mint for initial liquidity
  • $GRENADE is the bond token
  • Ownership renounced for BULLET [tx] contract