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Home All Events Starburst Finance Boardroom Launch

Date

Oct 17 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 17 2022
  • Time: 8:00 am

Status

Rugged

Starburst Finance Boardroom Launch

October 17 update – all socials and the site are gone, although there is about $5k of liquidity left for each of their tokens.

New algorithmic stablecoin pegged 1:1 to ETH on Polygon.

DETAILS
  • Boardroom
    • Stake SATURN in the Boardroom to earn MARS
    • During expansion, newly minted MARS rewards are distributed as follows;;
      • 75% — Reward for Boardroom stakers
      • 20% — DAO fund
      • 5% — Dev fund
    • Boardroom only prints when TWAP < 1.01
    • Epoch duration: 12 hours
    • Staked SATURN locked for 8 epochs and MARS rewards locked for 4 epochs (every deposit/claim/withdrawal resets the timer)
  • Tokens
    • $MARS is the algo-stable token, pegged 1:1 to ETH
      • Initial supply: 11.3
        • 10.3 — Genesis farming rewards
        • 1 — Pre-mint for initial liquidity
    • $SATURN is the shares token
      • Total supply: 80,001
        • 60,000 — Farming rewards (vested linearly over 100 days)
        • 15,000 — DAO fund (vested linearly over 365 days – 500 SATURN/day )
        • 5,000 — Dev fund (vested linearly over 365 days – 166.67 SATURN/day )
        • 1 — Pre-mint for initial liquidity
    • $MOON is the bond token
    • Ownership renounced for MARS [tx] contract

Blockchain

Polygon

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