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Home All Events Electron Finance Genesis Pools Launch

Date

Oct 22 2022
Expired!

TimePacific Time

4:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Oct 22 2022
  • Time: 7:00 pm

Status

Active

Electron Finance Genesis Pools Launch

New algorithmic stablecoin pegged 1:1 to AVAX on Avalanche.

DETAILS
  • Genesis Farms
    • Genesis farming will last for 24 hours
    • 100 ELECTRON rewards to be distributed across the following pools:
      • 50 — WAVAX pool
      • 50 — USDC.e pool
    • 1% deposit fee; no withdrawal fee
    • Operation can drain genesis funds 90 days after genesis ends. governanceRecoverUnsupported set to poolEndTime + 90 days on genesis contract (ownership not renounced at time of review)
    • LP farms open immediately after genesis ends
  • Tokens
    • $ELECTRON is the algo-stable, pegged 1:1 to WAVAX
      • Initial supply: 201
        • 150 — Genesis farming (team says only 100 ELECTRON will be distributed during genesis)
        • 50 — Airdrop
        • 1 — Pre-mint for initial liquidity
      • Liquidity Management System (LMS) will be utilized to help maintain peg
    • $ESHARE is the shares token
      • Total supply: 1,001
        • 800 — Farming rewards (vested linearly over 730 days)
        • 100 — DAO fund (vested linearly over 730 days – 0.137 ESHARE/day)
        • 100 — Dev fund (vested linearly over 730 days – 0.137 ESHARE/day)
        • 1— Pre-mint for initial liquidity
    • $IONIC is bond token

Blockchain

AVAX

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