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Home All Events Electron Finance LP Farms & Boardroom Launch

Date

Oct 23 2022
Expired!

TimePacific Time

4:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Oct 23 2022
  • Time: 7:00 pm

Status

Active

Electron Finance LP Farms & Boardroom Launch

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

DETAILS
  • LP Farms
    • Farming emission will last for 730 days
    • Stake LP tokens in the farms to earn ESHARE
    • 800 ESHARE to be distributed across the following pools;
      • 400 — ELECTRON / WAVAX LP pool
      • 400 — ESHARE / WAVAX LP pool
    • No deposit or withdrawal fee
    • Boardroom opens 1 hour before LP farms
  • Boardroom
    • Stake ESHARE in the Boardroom to earn ELECTRON
    • ❌ No information available on how newly minted ELECTRON rewards will be distributed
    • Epoch duration: 6 hours
    • Staked ESHARE is locked for 6 epochs and ELECTRON rewards locked for 1 epoch (every deposit/claim/withdrawal resets the timer)
  • Tokens
    • $ELECTRON is the algo-stable, pegged 1:1 to AVAX
      • 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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