🌄Genesis Pools

Launchpads and Liquidity Bootstrapping Pools (LBPs) have been go-to methods for launching new crypto projects, yet they often fall short in delivering long-term price stability and alignment. The Supernova Genesis Pool redefines this process with a more equitable and sustainable model, designed to empower projects and their communities.

The Genesis Pool is a purpose-built mechanism designed to jump-start liquidity for nascent projects. It facilitates the creation of an initial liquidity pool, crucial for enabling trading and price discovery of a new token. Genesis Pools enable projects to seed initial liquidity in a more capital-efficient way as projects and community members collaborate to create the initial liquidity. Participants contribute paired assets (p-tokens) in exchange for LP (Liquidity Provider) tokens, which represent their share of the pool and grant them a portion of the fees and emission rewards.

1

Campaign Launch

Projects applying for a Genesis Pool undergo a review process. Once approved, the campaign becomes visible to potential contributors.

A project initiates a Genesis Pool campaign by allocating a portion of its token supply and setting key parameters such as:

• The implied Fully Diluted Valuation (FDV)

• Incentives for the first epoch

• The campaign end date (coinciding with an upcoming epoch)

2

Fixed Price Pairing

The campaign operates with a fixed token price throughout the "Genesis Period," providing certainty to contributors about the price at which they commit.

3

Contributions

Participants who believe the fixed price is fair commit a desired amount of p-tokens. These contributions are held in escrow until the campaign concludes.

4

Genesis Pool Threshold

The Genesis Pool must meet certain criteria (for example, a minimum p-token contribution threshold) for the liquidity pool to be created. If the campaign fails to meet the threshold, committed paired assets can be claimed back by participants.

5

Liquidity Pool Formation

If the campaign is successful, the collected p-tokens and the project's allocated tokens are combined to form the liquidity pool. This transition marks the end of the Genesis Period and the formation of a standard liquidity pool.

6

LP Token Distribution and Automatic Staking

LP tokens, which represent ownership shares in the pool, are distributed to contributors and the project. These LP tokens are automatically staked so participants begin earning $SNOVA emission rewards from the first epoch.

Note: Participants may need to claim their LP tokens on the Dashboard before they can claim rewards.

7

Ongoing Liquidity

LP tokens generated during the Genesis Period behave the same as LP tokens created later. Holders may un-stake and withdraw their underlying assets at any time.

8

Voting Gauge

A voting gauge is established for the project, enabling allocation of incentives for the first epoch to encourage participation and trading activity.

LP tokens allocated to the project's foundation are subject to a lock-up period (for example, 90 days or longer) to ensure long-term commitment.