Tear Finance LP Farms & Boardroom Launch
New algorithmic stablecoin pegged 0.01:1 to ETH on Arbitrum.
DETAILS
- LP Farms (“Sunshine”)
- Farming emissions will last for 90 days
- 65,000 $DROP rewards to be distributed across the following pools;
- Native pools:
- 30% — TEAR/WETH
- 30% — DROP/WETH
- Non-native pools:
- 20% — WETH
- 20% — USDC
- Native pools:
- 3% deposit fee on non-native pools; no fee on native pools
- Referrals receive a share of 1/4 of pool deposit fees
- No withdrawal fee
- Boardroom (‘Warmth’)
- Stake $DROP in the Boardroom to earn $TEAR rewards
- During expansion, newly minted TEAR rewards will be distributed as follows:
- 80% — Reward to Boardroom stakers
- 18% — DAO fund
- 2% — DEV fund
- Boardroom only prints new $TEAR tokens when TWAP > 1.01
- Epoch duration: 6 hours
- Staked $DROP is locked for 6 epochs and $TEAR rewards locked for 3 epochs (every deposit/claim/withdrawal resets the lockup timer)
- Tokens
- $TEAR is the algo-stable, pegged 0.01:1 to ETH
- Initial supply: 20,001
- 20,00 — Genesis rewards
- 1 — Initial liquidity (TEAR/WETH)
- Initial supply: 20,001
- $DROP is the shares token
- Total supply: 70,000
- 65,000 — Farming rewards (vested linearly over 90 days)
- 4,999 — DAO fund (vested linearly over 90 days – 55.5 DROP/day)
- 1 — Initial liquidity (DROP/WETH)
- Total supply: 70,000
- $TRBOND is bond token
- $TEAR is the algo-stable, pegged 0.01:1 to ETH