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Home All Events Spookie Finance LP Farms & Boardroom Launch

Date

Oct 25 2022
Expired!

TimePacific Time

10:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 25 2022
  • Time: 1:00 pm

Status

Abandoned

Spookie Finance LP Farms & Boardroom 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.

The the boardroom starts on October 25 at 5pm UTC according to the contract, and at 2am UTC October 26 according to the countdown – it may be set to the browser timezone instead of a static time. The LP farms begin on October 24 at 6pm UTC.

DETAILS
  • LP Farms
    • Farming emission will last for 365 days
    • Stake LP tokens in the farms to earn GSHARES
    • 60,000 GSHARES to be distributed across the following pools;
      • 30,000 — GHOST / WAVAX LP pool
      • 30,000 — GSHARES / WAVAX LP pool
    • No deposit or withdrawal fee
    • Boardroom opens 1 hour before LP farms
  • Boardroom (opens at 5pm UTC)
    • Stake GSHARES in the Boardroom to earn GHOST
    • During expansion, newly minted GHOST rewards are distributed as follows;
      • 65% — Reward for Boardroom stakers
      • 10% — Insurance fund
      • 20% — DAO fund
      • 5% — Dev fund
    • Epoch duration: 6 hours
    • Staked GSHARES is locked for 3 epochs and GHOST rewards locked for 1 epoch (every deposit/claim/withdrawal resets the timer)
  • 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 GSHARES/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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