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Home All Events Droplit LP Farms Launch

Date

Jan 20 2023
Expired!

TimeUTC

6:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 20 2023
  • Time: 1:00 pm

Status

Active

Droplit LP Farms Launch

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

Genesis pools began on January 18, lasting for 2 days.

DETAILS
  • LP Farms
    • Farming emissions will last for 370 days
    • Stake LP tokens to earn GDS rewards
    • 30,000 GDS rewards to be distributed across the following pools;
      • LIT/BUSD
      • WBNB/BUSD
      • ❌ No information on the GDS allocation points across the pools
    • No fees
    • Boardroom is scheduled to open on January 21, 6pm UTC
  • 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

Blockchain

BSC

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