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

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