Genesis
Initially 1 STOMB token will be minted on contract creation so the devs can create the SOL LP pair (STOMB/SOL) on Raydium dex. As 1 token is not enough to sustain any sort of trading activity the usual way to launch these protocols is to have a Genesis Pool where these tokens are distributed among the community in return for supplying liquidity to a Genesis Pool.
Project launched on 11/15 at 7pm UTC. Genesis contract: 9hqxNu8WNj2ks6C74ZjDGVwY9VCfV7MXBBD4vD34BVy
Genesis Pool (7 days)
In the first 7 days of launch, 1680 STOMB tokens (10 per hour) will be released to pool stakers as a thank you to users who provide liquidity to our protocol, which is essential for its proper functioning.
Several pools will be available throughout this 7-day genesis period, including single staking pools like SOL or USDC. For classic single staking pools, there will be a 0.5% deposit fee to fund the DAO funds.
There will also be slightly more exotic single staking pools, in partnership with major players in the Solana ecosystem, to bring as many people as possible into our project. For example, we're considering a single staking pool in JLP. These more exotic pools will have a 1% tax on deposits.
During the 7-day genesis period, the weight of the STOMB/SOL LP will gradually increase to ensure an optimal launch for our project and to maximize liquidity.
According to our calculations, assuming STOMB is pegged to SOL, the STOMB emissions will correspond to an average daily APR reward of 4.3% for 1M in TVL, with 240 STOMB tokens printed per day.
Pools Weighting
To incentivize participation in the STOMB/SOL LP pool, the pool weights will change daily as follows:
1
30%
30%
30%
10%
2
25%
25%
25%
25%
3
20%
20%
25%
35%
4
15%
15%
20%
50%
5
15%
15%
15%
55%
6
10%
10%
15%
65%
7
10%
10%
10%
70%
This model starts by encouraging SOL and USDC pools with higher weights to quickly attract stable liquidity. The weighting for the STOMB/SOL LP pool then gradually increases each day to incentivize users to provide liquidity in this pool as the project progresses, culminating at 70% on the last day.
Last updated