Spear Finance’s GLAD Launch
Stablecoin launch by the Spear Finance team.
No contracts.
DETAILS
- GLAD is the protocol’s stable coin
- When you stake GLAD, there is 1% redemption fee which is paid out each day as rewards
- Rewards are generated on minting at a rate of 10% on the mint volume. These rewards are distributed to the GLAD
- Staking pool at 9%
- Performance pool at 1% mint
- To purchase, bond (burn) SPEAR; that SPEAR is distributed as follows:
- 50% to the SPEAR Treasury
- 48% to liquidity
- If an Alliance Program code was used then; 1% to the referrer and 1% to the person who is referred
- GLAD’s reserves are backed 75% by the liquid assets in the cash treasury (USDC) and 25% by SPEAR
- Roadmap includes NFT and marketplace launch
Related Posts
None found
- Twitter: https://twitter.com/SpearFinance_io
- Discord: https://discord.com/invite/SpearFinance
- Type of Audit, Review or KYC: Assure Defi - KYC
- KYC: https://www.assuredefi.io/projects/spear-finance/