Starburst Finance Genesis Pools 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

• Genesis Farms
  • Genesis farming will last for 2 days
  • 10.3 MARS rewards to be distributed across the following pools;
    • 50% — MARS/WETH LP pool
    • 25% — WMATIC pool
    • 25% — WETH pool
  • 1% deposit fee on non-native pools; 0% on native pools (MARS/WETH)
  • No withdrawal fee
  • LP farms open immediately after genesis ends
  • Genesis contract ownership renounced [tx]

• 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