SkyTomb Finance LP Farms Launch

April 25 update – the site and Telegram are deleted, and the tokens have no liquidity. We’re not sure if they provided liquidity and then removed it, or if it was never provided in the first place.

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

DETAILS

• Launch Schedule
  • Genesis farms – April 26, 5am UTC
  • LP Farms – April 28, 5am UTC
  • Boardroom – TBA

• LP Farms
  • Duration: 180 days (ends Oct 25 2023)
  • Stake in available LP pools to earn $SSHARE rewards
  • LP Farms rewards: 50,000 $SSHARE
  • LP pools and pool allocations/weightings:
    • SKY/USDC — 50%
    • SSHARE/USDC— 50%
  • Deposit fee: 0%
  • Withdrawal fee: 0%

• Tokens
  • $SKY is the algo-stable, pegged 1:1 to USDC
    • Initial supply: 21,500
      • 20,000 — Genesis rewards
      • 1,500 — Initial liquidity (SKY/USDC)
  • $SSHARE is the shares token
    • Total supply: 55,001
      • 50,000 — Farming rewards (vested linearly for 180 days)
      • 5,000 — Dev fund (vested linearly for 180 days – 27.78 $SSHARE/day)
      • 1 — Initial liquidity (SSHARE/USDC)
  • $SBOND is bond token
  • Ownership renounced on $SKY [tx] and $SSHARE [tx] contracts