Genesis Pools & Token Allocation
Lets Talk Genesis!
Last updated
Lets Talk Genesis!
Last updated
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
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.
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
