GMCash Genesis Pools Launch

New algorithmic stablecoin pegged 1:1 to GMX on Arbitrum.

DETAILS

• Genesis Farms
  • Genesis pool emissions will last for 4 weeks until May 3
  • 3,000 $GMC rewards to be distributed across the following pools;
    • Non-native pools:
      • 15x — WBTC
      • 10x — TROVE
      • 5x — MMF
      • 15x — USDT
      • 15x — USDC
      • 15x — ARB
      • 15x — WETH
      • 10x — GMX
    • Native pools:
      • GMC/GMC (emission start after 4 hours at 11pm UTC)
  • No deposit or withdrawal fees
  • $GSHARE farms is scheduled to open on April 7, 7am UTC
  • Boardroom is scheduled to open on April 9, 10am UTC

• Tokens
  • $GMC is the algo-stable, pegged 1:1 to GMX
    • Initial supply: 3,010
      • 3,000 — Genesis rewards
      • 200 — Initial liquidity (GMC/GMX)
  • $GSHARE is the shares token
    • Total supply: 1,000,100
      • 600,000 — Farming rewards (linearly vested for 365 days)
      • 150,000 — Dev fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100,000 — DAO fund (linearly vested for 365 days – 273.97 GSHARE/day)
      • 150,000 — Insurance fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100 — Initial liquidity (GSHARE/WETH)
  • $GBOND is bond token