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Home All Events LP Finance Liquidity Launch

Date

Nov 01 2022
Expired!

TimePacific Time

2:00 am

Your Time

  • Timezone: America/New_York
  • Date: Nov 01 2022
  • Time: 5:00 am

Status

Active

LP Finance Liquidity Launch

November 1 update – launch will take place on November 1, at 9am UTC.

October 31 update – the team has still not announced when liquidity will be provided. This time is a placeholder.

Token launch for a synthetic asset issuance protocol on Solana.

DETAILS
  • Launch Details
    • Token will launch on Lifinity
    • Token pair: unknown
    • Listing price: $0.3
    • IDO price: $0.3
    • Initial circulating market cap: $186,000
    • Initial liquidity: unknown
    • Taxes: 0%
    • dApp currently available on testnet here
  • Features
    • Deposit collateral (e.g. SOL, mSOL, stSOL, UXD, SAMO) to borrow/mint synthetic tokens
    • zSOL will be the first synthetic asset (SOL-pegged)
    • zSOL can be minted/borrowed at 1.5% APY (0.5% mint/borrow fee)
    • zSOL can be used for leverage liquid staking yields up to 42% APY, and short-selling with lowest fees
    • $LPFi is the native token – stake LPFi, to earn protocol fees
    • LPFi stakers are exempt from mint/borrow fees
    • Fee structure;
      • 0.5% mint/borrow fee
      • 0.1% PSM (Peg Stability Module) swap fee
      • 5%~25% liquidation fee, based on collateral
    • Share of the protocol fees will be distributed to vote-escrowed LP Finance DAO tokens ($veLPFI); 30% of fees will be used to burn LPFi
  • Tokenomics
    • Token symbol: $LFPi
    • Total supply: 50,000,000
      • 0.9% — Pre-seed; Cogitent Ventures (10% at TGE, monthly vesting for 18 months – price: $0.2)
      • 1% — Pre-seed (1 month cliff, monthly vesting for 20 months – price: $0.2)
      • 1% — IDO round (50% at TGE, monthly vesting for 5 months – price: $0.3)
      • 11.98% — Strategic (6 months cliff, monthly vesting for 20 months)
      • 35% — LP Finance DAO (1% at TGE (Liquidity), 12 months cliff, then monthly vesting for 33 months)
      • 25% — Ecosystem development (24 months cliff, monthly vesting for 20 months)
      • 15% — Liquidity incentives (2.5% at TGE, monthly vesting for 50 months)
      • 10% — Team (12 months cliff, monthly vesting for 40 months)
Links & Resources
Related Launches

Blockchain

SOL

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