Put your banner here. Paid promotion. Always do your own research and use risk management.

Home All Events - Ape O'Clock Tear Finance LP Farms & Boardroom Launch

Date

Mar 28 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Mar 28 2023
  • Time: 10:00 am

Status

Active

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
    • 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)
    • $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)
    • $TRBOND is bond token

Blockchain

Arbitrum