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