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Home All Events SnowThrive LP Farms & Full Protocol Launch

Date

Mar 30 2022
Expired!

TimePacific Time

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Mar 30 2022
  • Time: 8:00 pm

Status

Active

SnowThrive LP Farms & Full Protocol Launch

New Tomb fork on Avalanche.

DETAILS
  • Stake THRIVE-GMX and POWDER-GMX in the farms for POWDER rewards
  • Stake POWDER in the boardroom for THRIVE rewards
  • THRIVE is the algostable, pegged to the price of 1 GMX
  • POWDER is the shares token; with 50,101 total supply
    • 5,000 POWDER to treasury vested linearly over 12 months
    • 5,000 POWDER to team vested linearly over 12 months
    • 5,000 POWDER to DAO vested linearly over 12 months
    • 35,000 POWDER to staking pools distributed over 12 months
    • 101 POWDER to initial mint
  • STBOND is the bond token
  • Taxes:
    • 0.5% tax on the POWDER-GMX staking pool, all to liquidity
    • 1.5% tax when unstaking from the THRIVE-GMX and POWDER-GMX staking pools, all to liquidity
    • 1% tax on THRIVE when creating THRIVE-GMX liquidity, all to burn
    • 1% tax on buys and sells of THRIVE, all to burn
    • 1% tax on selling POWDER, all to the treasury
  • There is no information in the docs as to how the THRIVE minted in the boardroom is distributed (how much to POWDER stakers, how much to the DAO, how much to the treasury, etc.)
Related Launches

Blockchain

AVAX

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