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