Metis Tomb Boardroom Launch

February 9 update – the site and socials were deleted, and liquidity drained. Appears to have rugged.

New algorithmic stablecoin pegged 1:1 to METIS on Metis.

DETAILS

• Boardroom
  • Stake MSHARE in the Boardroom to earn MTOMB rewards
  • ❌ No information available yet on how newly minted MTOMB rewards will be distributed
  • Boardroom only prints new MTOMB tokens when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked MSHARE is locked for 6 epochs and MTOMB rewards locked for 3 epochs (every deposit/claim/withdrawal resets the lockup timer)

• Tokens
  • $MTOMB is the algo-stable, pegged 1:1 to METIS
    • Initial supply: 45,001
      • 40,000 — Genesis rewards
      • 5,000 — Airdrop
      • 1 — Pre-mint for initial liquidity
  • $MSHARE is the shares token
    • Total supply: 60,001
      • 50,000 — Farming rewards (vested linearly over 365 days)
      • 5,000 — DAO fund (vested linearly over 365 days – 13.7 MSHARE/day)
      • 5,000 — Dev fund (vested linearly over 365 days – 13.7 MSHARE/day)
      • 1— Pre-mint for initial liquidity
  • $MBOND is bond token