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