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Home All Events Spear Finance’s GLAD Launch

Date

May 10 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: May 10 2022
  • Time: 12:00 pm

Status

Active

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

Blockchain

AVAX

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