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Home All Events Olympus Finance LP Farms & Full Protocol Launch


Apr 18 2022

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Apr 18 2022
  • Time: 12:00 pm



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
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