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
- Vesting: 50% at TGE, then monthly vesting for 5 months
- IDO held on X-Starter, DAOStarter, FantomLive, SolRazr
- 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)
Blockchain
