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Home All Events SpaceShipX Finance: Space Rebase LP Farms Launch

Date

Nov 01 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Nov 01 2022
  • Time: 12:00 pm

Status

Active

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)

Blockchain

Polygon

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