SpaceShipX Finance: Space Rebase LP Farms Launch

Launch of SPACE LP farms for an elastic rebase algorithmic stablecoin (tomb fork) protocol, pegged to XSHARE, on Polygon.

DETAILS

• LP Farms
  • Farming emissions will last for 365 days
  • Stake LP tokens to earn SPACE rewards
  • 56,000 SPACE to be distributed across the following pools;
    • 60% — XSHIP/XSHARE
    • 40% — SPACE/USDC
  • Boardroom opens 24 hours after LP farms

• Tokens
  • $XSHIP is the algo-stable and rebase token, pegged 1:1 to XSHARE
    • XSHARE is SpaceShipX’s native token for its fractional algorithmic synthetic protocol
    • Variable sell tax applied, ranging from 5-15%, when price is under peg
  • $SPACE is the shares token
    • Total supply: 70,000
      • 56,000 — Liquidity mining incentives (vested linearly over 365 days)
      • 6,700 — Project treasury
      • 6,700 — Dev fund
      • 300 — DAO fund
      • 300 — Pre-mint for initial liquidity
  • No bond token

• Features
  • Variable sell tax on XSHIP;
    • 5% tax, when XSHIP between 0.9–1
    • 10% tax, when XSHIP between 0.8–0.9 XSHARE
    • 15% tax, when XSHIP below 0.8 XSHARE
    • 20% tax, 4 hours after rebase
  • Rebase mechanism – used to support XSHIP peg by reducing its circulating supply when either of the following conditions are met;
    • TWAP is at or below 0.85 at an epoch
    • TWAP has been below 1 for 6 consecutive epochs (6 hours/epoch)