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Home All Events Spookie Finance Genesis Pools Launch

Date

Oct 24 2022
Expired!

TimePacific Time

11:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 24 2022
  • Time: 2:00 pm

Status

Abandoned

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

Blockchain

AVAX

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