GMCash LP Farms Launch

New algorithmic stablecoin pegged 1:1 to GMX on Arbitrum.

DETAILS

• LP Farms
  • Farming emissions will last for 365 days
  • Stake LP tokens in the farms to earn $GSHARE rewards
  • 600,000 $GSHARE rewards to be distributed across the following pools;
    • 60x — GSHARE/WETH
    • 40x — GMC/GMX
  • No deposit or withdrawal fees
  • Boardroom is scheduled to open on April 9, 10am UTC

• Tokens
  • $GMC is the algo-stable, pegged 1:1 to GMX
    • Initial supply: 3,010
      • 3,000 — Genesis rewards
      • 200 — Initial liquidity (GMC/GMX)
  • $GSHARE is the shares token
    • Total supply: 1,000,100
      • 600,000 — Farming rewards (linearly vested for 365 days)
      • 150,000 — Dev fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100,000 — DAO fund (linearly vested for 365 days – 273.97 GSHARE/day)
      • 150,000 — Insurance fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100 — Initial liquidity (GSHARE/WETH)
  • $GBOND is bond token