Helio Cash LP Farms & Nodes Launch

New algorithmic stablecoin pegged 4000:1 to ETH on Polygon.

DETAILS

• Farms (opens at 3am UTC)
  • Duration: 370 days
  • Stake LP tokens in the farms to earn $HSHARE
  • 23,800 $HSHARE distributed across the following pools;
    • 50% — $HELIO/WETH LP pool
    • 50% — $HSHARE/MATIC LP pool
  • No deposit or withdrawal fee

• Boardroom
  • Stake $HSHARE in the boardroom to earn $HELIO rewards
  • During expansion, newly minted $HELIO rewards are distributed as follows;
    • 80% — Reward for boardroom stakers
    • 20% — DAO fund
    • 5% — Dev fund
    •  The boardroom allocation as stated in the docs exceeds 100%. Allocations has not be set in the treasury contract
  • Boardroom only prints new rewards when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked $HSHARE locked for 6 epochs and $HELIO rewards locked for 3 epochs

• Nodes (opens at 4pm UTC)
  • Lock up (single-stake) $HELIO in nodes to earn more $HELIO
  • $HELIO used to purchase Nodes is sent to the reward pool and distributed back to Staking Node owners at 3% of the total pool per day for a 400% maximum ROI
  • 5 Node tiers/pools available;
    • Nano Node costs 500 $HELIO (1 multiplier)
    • Mini Node costs 1000 $HELIO (2.1 multiplier)
    • Kilo Node costs 2000 $HELIO (4.41 multiplier)
    • Mega Node costs 4000 $HELIO (9.261 multiplier)
    • Giga Node costs 8000 $HELIO (19.4481 multiplier)
  • The multiplier is the bonus given to the pool share and only impacts the rate at which rewards are distributed

• Tokens
  • $HELIO is the algo-stable, pegged 4000:1 to ETH
    • Initial supply: 768,001 allocated as follows:
      • 48,000 — Genesis farming
      • 672,000 — HELIO/WETH LP farming
      • 48,000 — Airdrop
      • 1 — Initial liquidity
  • $HSHARE is the shares token
    • Total supply: 29,000 allocated as follows:
      • 23,800 — Farming rewards (vested linearly over 370 days)
      • 2,200 — Community fund (vested linearly over 365 days — 6 $HSHARE/day)
      • 2,000 — Dev fund (vested linearly over 365 days — 5.8 $HSHARE/day)
      • 1,000 — Pre-mint for initial liquidity
  • $HBOND is the bond token
  • Operator transferred to Treasury for $HELIO [tx], $HSHARE [tx]