What Is Polaris Finance (TRIPOLAR)?
Polaris Finance very first algorithmic stablecoins ecosystem on Aurora / NEAR. They 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 more POLAR, LUNAR and TRIPOLAR.
Polaris Finance Coin is an algorithmic stable token pegged 1:1 to $xTRI on Aurora blockchain. $TRIPOLAR is third pegged token in Polaris ecosystem with more tokens coming in the future.
$TRIPOLAR also aims to become the primary utility token of the Aurora ecosystem. The selection, development, and deployment of the next generation of Aurora DeFi projects will be decided by those who holds Governance token $SPOLAR.
$Polaris Finance Coin token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $TRIPOLAR’s peg to 1 $xTRI token in the long run. $TRIPOLAR actively pegs via the algorithm, it does not mean it will be valued at 1 $xTRI all times as it is not collaterized. $TRIPOLAR is not to be confused for a crypto or fiat-backed stablecoin.
| Coin Basic | Information |
|---|---|
| Coin Name | Polaris Finance Coin |
| Short Name | TRIPOLAR |
| Circulating Supply | 65,000.00 TRIPOLAR |
| Total Supply | 115,000 |
| 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 |
Flexible Price
The live Polaris Finance price today is $1.46 USD with a 24-hour trading volume of $434.01 USD. They update TRIPOLAR to USD price in real-time. Polaris Finance is up 34.34% in the last 24 hours. The current CoinMarketCap ranking is #7451, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Polaris Finance at the current rate, the top cryptocurrency exchange for trading in Polaris Finance stock is currently Trisolaris. You can find others listed on crypto exchanges page.
Genesis Pools has ENDED
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
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 $LUNAR > 0% Deposit Fee
SUNRISE and DAWN
Polaris Finance Coin Shares ($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 Polaris Finance Coin 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
What are BONDs?
BOND assets are unique tokens that can be utilized to help stabilize pegged assets price around peg by reducing circulating supply of pegged assets if the TWAP (time-weighted-average-price) goes below peg.
When can buy BONDs?
Polaris Finance Coin BOND assets can be purchased only on contraction periods, when TWAP of pegged assets is below 1.Every new epoch on contraction periods, BOND assets are issued in the amount of 3% of current pegged assets circulating supply, with a max debt amount of 35%. This means that if BONDs reach 35% of circulating supply of pegged assets, no more BOND assets will be issued.Note: Pegged assets TWAP (time-weighted average price) is based on pegged assets price TWAP from the previous epoch as it ends. This mean that pegged assets TWAP is real-time and BOND assets TWAP is not.
Where can buy BONDs?
You can buy Polaris Finance Coin assets if any are available, through the BOND on Polaris Finance website, anyone can buy as many BOND assets as they want as long as they have enough pegged assets to pay for them. There is a limit amount (3% of pegged assets current circulating supply) of available BOND assets per epoch while on contraction periods, and are sold as first come first serve.
