Extra bscPEAR pool explanation
Rugdoc did a very bad review on us pointing out a pool that hadn’t been mentioned before. All has been cleared up and is being accounted for now. Here follows our explanation:
We have an extra pool called bscPEAR, This pool is used for the bridge to BSC. Since the bridge is not yet active, almost all these tokens have been burnt.
This pool it’s use is for 2 purposes:
A: regulation on starting APRs to avoid crazy APRs and big dump risk.
B: token preparation for coming BSC integration through the bridge. We want $PEAR bridged with emission rate shared through multiple chains and not a duplicate token on other chains.
Remark: the exact same process is used by other bridged projects.
Our solution:
Within 2 to 3 hours from now, all of the tokens from this pool will be burned. Within 24 hours , this pool will be deactivated (behind the timelock)
We should have added this in the doc, but our intention was not to hide this (it has always been visible on vfat.tools)
Rugdoc does its job well and they were right to alert. Unfortunately, it just lacked communication between the teams.
We thank our PearZap family for understanding and knowing this was just a minor bump on the road, lots of juicy features to come.
Edit:
- 24-7 09:38pm UTC: bscPEAR pool stop emitting, unique bscPEAR was removed from pool: https://polygonscan.com/tx/0xb3cea15c2f7066fb410033e485572c3ecf1c92805b3faf054264df20d7511e68
- 24–7 09:39pm UTC: Burn from pool bscPEAR, 30k 🔥🔥🔥: https://polygonscan.com/tx/0x253167465a72288975c6c6c2f3f002b0eeeb8fff5ab8a47feb78fe8a379f86fe
- 24–7 10:01pm UTC: TX queued into the timelock contract to disable the bscPEAR pool (9) ⏱: https://polygonscan.com/tx/0x1be307a61817aa0d399861672f9807c08f2af1cab5947ad9927d23af6d5aeddf
- 25–7 5:49am UTC: 60k PEAR tokens with a total value worth of $100k 🔥🍐 : https://polygonscan.com/tx/0xf67be55d51255fede558e2cc11866ad1810b79b2ebd5b77564544e6cb2e86781
- 25–7 5:21:06 AM: bscPEAR pool (9) is disable: https://polygonscan.com/tx/0x31468e7a3ce5db16057960206982544c0f1779f7d4a0c513a2d65782b97e94ef
60K+30K = 90K burn 🔥🔥🔥
