Palace Finance Genesis Pools Launch

April 4 update – the site and socials were deleted.

New algorithmic stablecoin pegged 0.01:1 to ETH on Arbitrum.

DETAILS

• Genesis Farms
  • Genesis pool emissions will last for 7 days until April 11
  • 3,024 $pETH rewards to be distributed across the following pools;
    • Non-native pools:
      • 50% — USDT (reduced to 25% after 24 hours)
      • 50% — USDC (reduced to 25% after 24 hours)
    • Native pools:
      • 50% — pETH/WETH (pool added after 24 hours)
  • 1% deposit fee on non-native pools; no fee on native pools
  • Referrals receive a share of 1/4 of pool deposit fee
  • No withdrawal fee
  • Users can mint (cost 0.2 ETH) and stake LKEY NFTs into the USDC or USDT genesis pools and receive a 20% bonus of the NFT price, from the total staked amount
  • Staked LKEYs earn a dynamic boost up to 10%, based on the number of staked LKEYs
  • Staked LKEYs is locked for 15 days
  • Boardroom is scheduled to open immediately after genesis ends on April 11, 2pm UTC

• Tokens
  • $pETH is the algo-stable, pegged 0.01:1 to ETH
    • Initial supply: 3,224
      • 3,024 — Genesis rewards
      • 200 — Initial liquidity (pETH/WETH)
  • $LKEY is the NFT token similar to a shares token, which can be staked in genesis and boardroom and exchanged for future Palace NFTs
    • Total supply: 2,000
    • Cost: 0.2 ETH
    • Maximum amount per wallet: 10
    • Mint funds distributed as follows;
      • 40% — DAO fund
      • 30% — pETH buyback
      • 30% —Team
  • $PBOND is bond token