What Is Polaris Finance?
They are team of experienced developers and they are looking forward to make the best algorithmic stable coin on Aurora blockchain. They will make everything they can to make the dream successful. Polaris Finance is an ecosystem with multiple algorithmic stable tokens. They have $POLAR pegged 1:1 to $NEAR, $ETHERNAL pegged 1:1 to $ETH, $ORBITAL pegged 1:1 to $BTC and $TRIPOLAR pegged to 1:1 to $xTRI on Aurora blockchain. They are all controlled by one Governance token $SPOLAR.
The very first algorithmic stablecoins ecosystem on Aurora / NEAR. We are bringing multiple pegged assets 1:1 to native coins via seigniorage. Provide liquidity in DAWN Farms to get SPOLAR – governance token that controls inflation and expansion of all pegged assets. Stake your SPOLAR in SUNRISE to earn pegged assets.
Polaris Finance Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Polaris Finance |
| Short Name | PF |
| Total Supply | 600,000,000 |
| Max Supply | 600,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
POLAR Gen. & Launch
Genesis pools will start earning rewards on 17.02.2022 14:00 UTC. In the first 24hrs of launch 4000 $POLAR tokens will be released to pool stakers. There are 5 Genesis pools > $wNEAR, $AURORA, $USDC, $atUST and $atLUNA. These pools will be up for the whole 24hrs. Allocations will be as follows >
- wNEAR > 40% Allocation > 1600 $POLAR
- AURORA > 15% Allocation > 600 $POLAR
- USDC > 15% Allocation > 600 $POLAR
- atUST > 15% Allocation > 600 $POLAR
- atLUNA > 15% Allocation > 600 $POLAR
DAWN and SUNRISE launch
DAWN and SUNRISE will start right after Genesis end (18.02.2022 14:00 UTC) and you can start making POLAR/NEAR and SPOLAR/NEAR LPs in DAWN to earn $SPOLAR and stake $SPOLAR in SUNRISE to earn $POLAR.
Genesis Pools has ENDED!
Genesis pools will start earning rewards on 20.03.2022 14:00 UTC. In the first 24hrs of launch 700 $LUNAR tokens will be released to pool stakers. There are 6 Genesis pools > $LUNA, POLAR/NEAR LP, SPOLAR/NEAR LP, $SPOLAR, $POLAR and $PBOND. These pools will be up for the whole 24hrs. Allocations will be as follows >
- LUNA > 50% Allocation > 350 $LUNAR > 1% Deposit Fee
- POLAR/NEAR LP > 20% Allocation > 140 $LUNAR > 0% Deposit Fee
- SPOLAR/NEAR LP > 10% Allocation > 70 $LUNAR > 0% Deposit Fee
- SPOLAR > 10% Allocation > 70 $LUNAR > 0% Deposit Fee
- POLAR > 5% Allocation > 35 $LUNAR > 0% Deposit Fee
- PBOND > 5% Allocation > 35 $LUNAR > 0% Deposit Fee
SPOLAR TOKEN – One To Rule Them All
POLAR Shares ($SPOLAR) are one of the ways to measure the value of the Polaris Finance protocol and shareholder trust in its ability to maintain pegged assets close to peg. During epoch expansions the protocol mints pegged assets and distributes it proportionally to all $SPOLAR holders who have staked their tokens in the Sunrise (Boardroom). $SPOLAR holders will have voting rights (governance) on proposals to improve the protocol and future use cases within the Polaris Finance ecosystem. $SPOLAR has a maximum total supply of 50001 tokens distributed as follows:
- DAO Allocation: 4500 $SPOLAR vested linearly over 300 days
- Team Allocation: 4500 $SPOLAR vested linearly over 300 days
- Remaining 41000 $SPOLAR are allocated for incentivizing Liquidity Providers in two shares pools for the next year
- Initial mint: 1 $SPOLAR minted upon contract creation for initial pool
SUNRISE (Boardroom)
Sunrise is place where you can use your $SPOLAR to farm one or more of our pegged assets.
- Epoch duration: 6 hours
- Deposits / Withdrawal of $SPOLAR into/from SUNRISE will lock $SPOLAR for 3 epochs and pegged assets rewards for 2 epochs.
- Pegged assets rewards claim will lock staked $SPOLAR for 3 epochs and the next pegged assets rewards can only be claimed 2 epochs later
- Distribution of pegged assets during Expansion80% as Reward for Sunrise $SPOLAR Stakers15% goes to DAO fund5% goes to DEV fund
Epoch Expansion: Current expansion cap base on pegged assets supply, if there are BONDs to be redeemed, 65% of minted pegged assets goes to treasury until its sufficiently full to meet BOND redemption. If there is no debt it will follow max capped expansion rate.
POLAR Sunrise
At the beginning of every epoch, if the time weighted average price (TWAP) of $POLAR is greater than 1.01, new $POLAR will be minted in the Sunrise. The amount of new $POLAR distributed depends on the current circulating supply of $POLAR. We reserve the right to modify emissions to prevent going way under peg or way above peg.
ETHERNAL Sunrise
At the beginning of every epoch, if the time weighted average price (TWAP) of $ETHERNAL is greater than 1.01, new $ETHERNAL will be minted in the Sunrise. The amount of new $ETHERNAL distributed depends on the current circulating supply of $ETHERNAL. We reserve the right to modify emissions to prevent going way under peg or way above peg.
ORBITAL Sunrise
At the beginning of every epoch, if the time weighted average price (TWAP) of $ORBITAL is greater than 1.01, new $ORBITAL will be minted in the Sunrise. The amount of new $ORBITAL distributed depends on the current circulating supply of $ORBITAL. We reserve the right to modify emissions to prevent going way under peg or way above peg.
