Welcome to Axly, the next-gen DeFi protocol that seamlessly fuses AMM liquidity pools with a lending platform, ensuring that capital works smarter. At the heart of this protocol is AXLY, the native utility and governance token that embodies the full potential of the project.
In our strategic move to introduce AXLY to the market, an Initial Dex Offering (IDO) is slated to take place on the Swop.fi Launchpad. This offers investors a chance to acquire the token at its introductory price, which holds the potential for notable appreciation. Let’s delve deeper into AXLY’s tokenomics and the earning opportunities it provides.
Axly overview
Axly gives users two main avenues to earn:
- Lending: Deposit an asset without worrying about impermanent loss and watch as it earns interest on secured loans.
- Farming: Engage in liquidity pools using leverage. By using borrowed funds, profits can be amplified.
We are also going to introduce AXLY token staking as a future income option.
For a more detailed exploration of how Axly operates, please refer to our overview article and docs.
Make use of AXLY token
The AXLY token is an integral to the Axly ecosystem, with several planned use cases:
- Staking [in the pipeline]: Earn directly from the protocol’s revenue.
- Governance [in the pipeline]: Gain voting rights to influence protocol parameters.
- AXLY lending: Benefit from depositing AXLY into the loan fund.
- Providing liquidity: Invest in the AXLY-WAVES pool on Swop.fi to receive enticing rewards with APR up to 150% at the very start, with gradual scaling down (described further).
Get in early
For those eager to get on board, a public IDO for AXLY on the Swop.fi Launchpad will offer enthusiasts a chance to get AXLY at its introductory price. IDO terms will be revealed a bit later. However, SWOP stakers will have a privilege (as they always do).
We also have the AXLY retro-drop in the pipeline, which rewards early adopters, both farmers and lenders, who believed in our vision before the token launch.
AXLY tokenomics
With a total maximum supply of 10,000,000 AXLY, our tokenomics is designed to gradually inject the token into the market and continually burn surplus to maintain equilibrium in the ecosystem.
The initial distribution is as follows:
20% — Allocation to WavesDAO for their invaluable project funding
with a 3-month lock, followed by a 12-month vesting
19% — Dedicated to the team
with a 3-month lock, followed by a 12-month vesting
15% — Channeled into diverse marketing efforts.
26.5% — Earmarked for forging new partnerships and collaboration with exchanges, other blockchains, etc.
11% — Reserved for lender bonus
spread over 24 months
2% — Bonus for AXLY-WAVES pool liquidity providers
spread over 3 months
5% — Upcoming IDO on Swop.fi Launchpad
Up to 1% — Retro-drop rewarding the active user base preceding the token launch
0.5% — Initial AXLY-WAVES pool liquidity
Bonus for lending
Lenders to the Axly loan fund, irrespective of a token they deposited, will receive AXLY rewards for two years following AXLY launch.
The tokenomics outline sets the maximum AXLY amounts allocated for these rewards. However, the actual rewards will be adjusted, so that the projected APR for each upcoming week does not exceed the target values listed below. Excess AXLY will be burned!
Bonus for AXLY-WAVES pool LPs
Liquidity providers who contribute to the AXLY-WAVES pool stand to gain additional AXLY rewards over the initial 3 months following AXLY launch. Much like the lender bonus, there’s a cap set on the target APR, and surplus AXLY will be burned.
Accrual of bonuses
The bonus system for both lenders and liquidity providers kicks into action as soon as the IDO concludes and the AXLY-WAVES pool goes live. The rewards can be seamlessly claimed through a dedicated portal created for this very purpose.
Get your piece of the AXLY pie!
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