Starburst Finance LP Farms 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

• LP Farms
  • Farming emission will last for 365 days
  • Stake LP tokens in the farms to earn SATURN
  • 60,000 SATURN to be distributed across the following pools;
    • 60% — MARS/WETH LP pool
    • 40% — SATURN/WETH LP pool
    • MARS/SATURN LP pool added later
  • No deposit or withdrawal fee
  • Boardroom opens 24 hours after LP farms

• 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