Olympus Finance LP Farms & Full Protocol Launch
New Tomb fork on Fantom.
Their announcements say the pools start at 6pm UTC but the ARES rewards contract is set for 4pm UTC.
- Stake HERMES-WFTM LP (35,500 ARES) & ARES-WFTM LP (24,000 ARES) in the farms to earn ARES
- Rewards last for 12 months
- Stake ARES in the boardroom for more HERMES
- Deposit/ withdrawal has a lockup period of 6 Epochs, harvest lockup to 3 Epochs
- HERMES in the boardroom will be distributed in the following way:
- Bank distribution to ARES stakers: 60%
- Dao Treasury: 30%
- Dev wallet: 10%
- HERMES is the algostable, pegged to the price of FTM
- ARES is the shares token; no info on max supply
- PLUTO is the bond token