Bullet Finance LP Farms 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

• LP Farms
  • Farming emission will last for 100 days
  • Stake LP tokens in the farms to earn GUN
  • 30,000 GUN to be distributed across the following pools;
    • 15,000 — BULLET/USDC.e LP pool
    • 15,000 — GUN/USDC.e LP pool
  • No deposit or withdrawal fee
  • Boardroom opens 24 hours after LP farms

• 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