Bullet Finance Genesis Pools Launch
October 10 update – the site is down, and the team hasn’t been heard from in several hours. No liquidity.
has New algorithmic stablecoin pegged 1:1 to USDC on Avalanche.
DETAILS
- Genesis Farms
- Genesis farming will last for 1 day
- 15,000 BULLET rewards to be distributed across the following pools;
- 5,000 — BULLET/USDC.e LP pool
- 5,000 — GUN/USDC.e LP pool
- 1,000 — WAVAX pool
- 1,500 — USDC.e pool
- 1,500 — USDT.e pool
- 1,000 — JOE pool
- 1% deposit fee on non-native pools; 0.5% on native pools (BULLET/USDC.e and GUN/USDC.e)
- No withdrawal fee
- LP farms open immediately after genesis ends
- Genesis contract ownership renounced [tx]
- 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
- Initial supply: 16,500
- $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
- Total supply: 50,003
- $GRENADE is the bond token
- Ownership renounced for BULLET [tx] contract
- $BULLET is the algo-stable token, pegged 1:1 to USDC