LP Finance Presale

Token presale for a synthetic asset issuance protocol on Solana.

DETAILS

• Presale Details
  • Public IDO will be held on the following launchpads;
    • X-Starter (this post)
    • DAOStarter (Oct. 24, 6:10am UTC)
    • FantomLive (Oct. 27)
    • Non-public IDO also planned on SolRazr (Oct. 24)
  • IDO price: $0.3
    • Vesting: 50% at TGE, then monthly vesting for 5 months
  • Listing price: TBA
  • Minimum allocation: $100
  • Maximum allocation: $15,000
  • Hard cap: $50,000
  • Initial circulating market cap: $186,000
  • Taxes: 0%
  • Token is scheduled to be listed on Oct. 31
  • 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)