Hey $TRIPOLAR, welcome to the family!
We are growing! Surprised? Nah, You knew this was coming. After $POLAR pegged to the price of $NEAR and $LUNAR pegged to the price of $LUNA it’s time to properly introduce you the 3rd asset in our ecosystem. Meet $TRIPOLAR!
But… what about $AURIS?
No worries, $AURIS is still planned, but because of horrible situation in Ukraine we simply can’t force the Aurora team to discuss the possibilities of $AURIS launch, there are more important things than a DeFi protocol. Agreed?
What is $TRIPOLAR?
Nope, no surprises here, $TRIPOLAR (ticker is pTRI) is an algorithmic stablecoin on Aurora chain, pegged to the price of 1 $xTRI via seigniorage and is a product of our collaboration with our friends from Trisolaris!
Not sure what $xTRI is?
$TRI is native token of Trisolaris DEX. When you stake $TRI, you receive $xTRI. Your $xTRI is continuously compounding, and when you unstake you will receive all of your originally deposited $TRI and additional $TRI earned from fees. That’s cool right?
Let’s make it even more better!
You can pair your $xTRI with our pegged asset $pTRI, provide liquidity and start farming with almost no impermanent loss. As a reward you will get our shares “one to rule them all” governance token $SPOLAR in our ecosystem. Then, you stake your $SPOLAR in “Tripolar Sunrise”. You will be rewarded with $pTRI token, sell half of $pTRI for $xTRI, provide more liquidity and earn even more. We hope you like it as much as we are. And of course expansion and inflation of our pegged assets is controled by the “one to rule them all” governance token $SPOLAR, that controls all assets in our ecosystem. Read more about utility of $SPOLAR in our $LUNAR’s launch post.
Wen launch?
We will provide initial liquidity, so you could start trading immediately after we deploy the contracts. Anyway we thought that $TRI holders should be able to mint some $pTRI tokens as well… indeed, we are going to run a genesis pools as follows.
$xTRI> 60% Allocation of $pTRI
$POLAR / $NEAR LP> 10% Allocation of $pTRI
$SPOLAR / $NEAR LP> 10% Allocation of $pTRI
$LUNA/LUNAR LP> 10% Allocation of $pTRI
$SPOLAR > 10% Allocation of $pTRI
There will be no deposit nor withdrawal fees!
Final amount of minted $pTRI tokens will be announced on our discord before the launch of genesis.
Genesis Pools will be opened on 16.4. 2022 14:00 UTC and will be running for 24 hours. (Prestaking will be possible)
On 17.4. 2022 14:00 UTC we will open xTRI/pTRI LP farming in “Dawn” and “Tripolar Sunrise” staking in “Sunrise”.
As usual, allocation of $SPOLAR is managed by our polar bot. => APR’s for all $POLAR/$NEAR, $LUNAR/$LUNA and $pTRI/$xTRI LPs will be the same.
We hope you are excited as much as we are!
Much 💚 & respect to the community,
Polaris Finance
