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