Polaris Finance
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SUNRISE and DAWN
Description on how SUNRISE and DAWN works.

SPOLAR TOKEN - One To Rule Them All

POLAR 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 SUNRISE 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 Expansion
    80% as Reward for Sunrise $SPOLAR Stakers
    15% goes to DAO fund
    5% goes to DEV fund
  • Epoch Expansion: Current expansion cap base on pegged assets supply, if there are BONDs to be redeemed, 65% of minted pegged assets goes to treasury until its sufficiently full to meet BOND redemption. If there is no debt it will follow max capped expansion rate.

Sunrise UI Available information

Next Epoch indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)
APR refers to the simple returns in $USD value relative to the amount of $SPOLAR staked ($USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
  • Price of pegged assets
  • Price of $SPOLAR
  • Amount of $SPOLAR staked in Sunrise (Locked Value)

Sunrise on Contraction Periods

Sunrise will not mint any pegged assets (NO REWARDS IN SUNRISE) while TWAP < 1.01

Sunrise on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still BOND assets to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the BOND assets redemption. This amount is still reserved whether or not BOND asset holders are redeeming bonds or not.
Once BOND assets in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
BOND assets emitted per epoch during contraction periods can be found on Regulations.

Dawn (Shares)

Pair your tokens to make LP like POLAR/NEAR and stake it in DAWN farms to earn $SPOLAR tokens
LP2 - LP7 are controlled by built-in bot and he is controlling allocation between these pools based on their TVL to make sure the ARPs are same on these 6 LPs. The allocation for these 6 LPs is > 60% 22 600 $SPOLAR
Shares Pools (Shares Reward) available for 12 months:
  • SPOLAR/NEAR LP1 > 40% Allocation: 18400 $SPOLAR
  • POLAR/NEAR LP2 > Allocation is calculated every 6hrs by bot based on pools TVL
  • POLAR/stNEAR LP3 > Allocation is calculated every 6hrs by bot based on pools TVL
  • ETHERNAL/ETH LP4 > Allocation is calculated every 6hrs by bot based on pools TVL
  • ORBITAL/wBTC LP5 > Allocation is calculated every 6hrs by bot based on pools TVL
  • USP/USDC LP6 > Allocation is calculated every 6hrs by bot based on pools TVL
  • TRIPOLAR/xTRI LP7 > Allocation is calculated every 6hrs by bot based on pools TVL
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SPOLAR TOKEN - One To Rule Them All
SUNRISE (Boardroom)
Sunrise UI Available information
Sunrise on Contraction Periods
Sunrise on Debt Phase
Dawn (Shares)