Spookie Finance Genesis Pools Launch

October 25 update – their site and socials are gone. We’ll consider it a fail fork unless we hear otherwise.

New algorithmic stablecoin pegged 10:1 to AVAX on Avalanche.

DETAILS

• Genesis Farms
  • Genesis farming will last for 24 hours
  • 25,000 GHOST rewards to be distributed across the following pools:
    • 10,000 — WAVAX pool
    • 5,000 — USDT.e pool
    • 5,000 — DAI.e pool
    • 5,000 — USDC.e pool
  • 1% deposit fee; no withdrawal fee
  • Operation can drain genesis funds 90 days after genesis ends. governanceRecoverUnsupported set to poolEndTime + 90 days on genesis contract (ownership not renounced at time of review)

• Tokens
  • $GHOST is the algo-stable, pegged 10:1 to AVAX
    • Initial supply: 25,001
      • 25,000 — Genesis farming
      • 1 — Pre-mint for initial liquidity
  • $GSHARES is the shares token
    • Total supply: 61,001
      • 60,000 — Farming rewards (vested linearly over 365 days)
      • 1,000 — Dev fund (vested linearly over 365 days – 2.74 GSHARE/day)
      • 1 — Pre-mint for initial liquidity
  • $GBOND is bond token
  • Ownership renounced for GHOST [tx], GSHARES [tx], GBOND [tx] contracts

• Features
  • Rebate (bond mechanism for building Protocol Owned Liquidity)
    • Receive discounted GHOST by depositing bonding assets such as; GSHARES, GHOST/AVAX, GSHARES/AVAX
    • bonded rewards linearly vests over 7 days
    • Rebates open when GHOST is at TWAP > 0.12 AVAX