Public Launch - The modern DeFi way

Summary

  • The LIQ Public Launch will be executed in 3 phases over 3 weeks.
  • Phase 1 starts on 31 July 10PM (ET) and will last for 1 week. A massive amount of 1,000,000 LIQ will be distributed to the DAI/USDC Balancer pool token stakers as reward.
  • The remaining public launch allocation will be distributed in phase 2 and 3, details will be announced soon.
  • Is it safe? The only part that is directly managed by LIQ Network is the LIQ rewards contract. In order to make sure the contract is secure, we will be using the audited and production-proven contract adopted by Synthetix.
  • What’s the yield? 6257% APY on pure stable coins based on assumptions.
  • What’s the private sale price? USD 0.04
  • If you participate in this pool, you will NOT get BAL rewards from your liquidity directly, instead they will be distributed in the form of LIQ tokens in future pools.

The LIQ Public Launch

People: What’s the public launch price?

LIQ Network: The price is $0! We’re distributing them for FREE!

The mission of LIQ Network is simple, we bring liquidity to DeFi and other decentralized projects. In order to do that, we feel responsible for providing liquidity incentives to stable coin projects, even if we don’t have direct relationship with them and we cannot directly benefit from it.

The LIQ Public Launch will be executed in 3 phases over 3 weeks. Phase 1 starts on 31 July, 10pm (ET) and will last for 1 week. A massive amount of 1,000,000 LIQ will be distributed to the DAI/USDC Balancer pool token stakers as reward. The remaining public launch allocation will be distributed in Phase 2 and 3, with more details to be announced soon.

How to participate in Phase 1

Phase 1 starts on 31 July, 10pm (ET). It is very easy to participate. You simply:

  1. Add liquidity to the DAI/USDC Balancer pool.
  2. Stake the BPT tokens you obtained from Balancer to the LIQ rewards contract through our web UI.

That’s it! Your LIQ rewards will start accumulating over time based on how many BPT tokens you stake.

Is it safe?

We’ve tried our best to minimize the risks involved in participating in Phase 1.

  • LIQ Network is a very young project, therefore we want to minimize the trust required from the participants for us. In order to do that, we leverage other popular protocols (i.e. DAI and Balancer) to provide a stable and secure environment for Phase 1.
  • The only part that is directly managed by LIQ Network is the LIQ rewards contract. In order to make sure the contract is secure, we will be using the audited and production-proven contract adopted by Synthetix.

Note: If you participate in this pool, you will NOT get BAL rewards from your liquidity directly, instead they will be distributed in the form of LIQ tokens in future pools.

What’s the yield?

The actual APY (Annual Percentage Yield) depends on many factors, it is difficult to provide an accurate value. However, we can do an estimation based on sensible assumptions.

  • Assumption 1: LIQ price is $0.12 (This is the LIQ price on our LIQ/ETH Uniswap pool as of this writing).
  • Assumption 2: The total value of BPT tokens staked in the LIQ rewards contract is $100,000.

In Phase 1, 1,000,000 LIQ will be distributed, so based on the above assumptions, the APY is:

0.12 * 1,000,000 / 100,000 / 7 * 365 = 6257%

In conclusion, EXTREME high-yield farming on PURE STABLE COINS (We haven’t even taken into account the potential LIQ price appreciation).

Private sale price

In order to be transparent, we will disclose the private sale price here. 2% of the total supply were sold in the private sale, and the price was USD 0.04.

Keep in the loop —

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