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Home All Events Droplit Boardroom Launch

Date

Jan 21 2023
Expired!

TimeUTC

6:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 21 2023
  • Time: 1:00 pm

Status

Active

Droplit Boardroom Launch

New algorithmic stablecoin pegged 1:1 to BUSD + arbitrage trading bot on BSC.

DETAILS
  • Boardroom
    • Stake GDS in the Boardroom to earn LIT rewards
    • During expansion, newly minted LIT rewards will be distributed as follows;
      • 80% — Reward for Boardroom stakers
      • 20% — Drip fund
    • Boardroom only prints new LIT tokens when TWAP > 1.01
    • Epoch duration: 6 hours
    • Staked GDS is locked for 4 epochs and LIT rewards locked for 3 epochs (every deposit/claim/withdrawal resets the lockup timer)
  • Tokens
    • $LIT is the algo-stable, pegged 1:1 to BUSD
      • Initial supply: 65,051
        • 20,000 — Genesis rewards
        • 35,050 — Presale
        • 10,000 — Bot
        • 1 — Pre-mint for initial liquidity
    • $GSD (‘Golden Drip Shares’) is the shares token
      • Total supply: 38,100
        • 30,000 — Farming rewards (vested linearly over 370 days)
        • 4,000 — DAO fund (vested linearly over 300 days – 13.3 GDS/day)
        • 4,000 — Dev fund (vested linearly over 300 days – 13.3 GDS/day)
        • 100 — Pre-mint for initial liquidity
    • $LBOND is bond token
  • Features
    • Arbitrage bot: 1% tax on all trades will be used in arbitrage trading to sustain the peg
Links & Resources
Related Launches

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BSC

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