# Genesis Pools & Token Allocation

Deposit tokens into the Genesis pools and receive COMET tokens continuously for up to **2 days**!  You can proceed to use the accumulated COMET to provide LP and earn rewards by farming the LP from the 23rd Feb at 1430 UTC

![Comet Finance Genesis Pool - Screenshot](https://747637959-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUuqbtRTrOpgERzdTfOtK%2Fuploads%2Fs17F0QbD6iG8JDX5rWor%2FComet%20Finance%20Genesis%20Pool.png?alt=media\&token=cde45ff4-ade8-4a43-a52a-c2e33c6aa895)

The Genesis pools charge a **small one-time deposit fee of 1%**. These funds will support the development costs of building our ecosystem, which will provide significant long-term value to COMET and METEOR holders. We decided to go with this fee model because capital appreciation of COMET and METEOR is where the money is made. **A small team/treasury allocation encourages price appreciation of our tokens to the benefit of all participants.** Too many protocols wrongly give the founders massive token allocations, only to be immediately dumped on the market. Check out the 'Tokens' section for a detailed breakdown of the token allocation.

### Pool Reward Distribution

There will be 4 Genesis Pools, allowing you to earn COMET rewards by depositing wFTM, USDC, 2omb and wETH. Their allocation is can be shown below:

\
**FTM 1% Deposit Fee, 35% allocation**\
**USDC 1% Deposit Fee, 35% allocation**\
**2omb 1% Deposit Fee, 15% allocation**\
**wETH 1% Deposit Fee, 15% allocation**