Tear Finance Genesis Pools Launch

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

DETAILS

• Genesis Farms
  • Genesis pool emissions will last for 5 days until March 28
  • 20,000 $TEAR rewards to be distributed across the following pools;
    • Native pools:
      • 40% — TEAR/WETH
    • Non-native pools:
      • 30% — WETH
      • 30% — USDC
  • 2% 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
  • Ownership renounced on genesis pool contract
  • LP Farms & Boardroom is scheduled to open immediately after genesis ends on March 28, 2pm UTC

• Tokens
  • $TEAR is the algo-stable, pegged 0.01:1 to ETH
    • Initial supply: 20,001
      • 20,000 — 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