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Home All Events - Ape O'Clock OctoLSD Genesis Farm Launch


May 07 2023


5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: May 07 2023
  • Time: 1:00 pm



OctoLSD Genesis Farm Launch

Farm launch for a Liquidity Staking Derivative (LSD) liquidity aggregation and distribution protocol on Ethereum.

  • Launch Details
    • A total of 50 million $veOcto rewards will be distributed
    • $veOcto is the platform’s governance token – users stake $Octo to receive $veOcto
    • Rewards will be distributed across 3 phases
    • During Phase 1, which will last for 7 days, a total of 31,500,000 $veOcto rewards will be distributed across the following pools;
      • ETH Pool — 1,300,000 $veOcto/day
      • stETH Pool — 1,900,000 $veOcto/day
      • Octo/wETH LP pool — 1,300,000 $veOcto/day
    • During Phase 2, a total of 18.5 million $veOcto rewards will be distributed
      • fraxETH and rETH pools will be opened, additionally new pools will be available based on community voting and project partnerships
      • reward distribution ratio for each pool will be determined by the voting results and will be announced before the start of the phase
      • users can lock $veOcto to participate in voting
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