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