CORE: The Final Liquidity Generation Event
After successfully launching CORE’s second pool and adding over $3 Million worth of Bitcoin as an underlying asset to CORE’s ecosystem, the project is preparing for its third and final Liquidity Generation Event.
Connecting DAI to CORE’s ecosystem
Trifecta of Coins🔺
Phase 0 of the project aims to create a strong foundation which allows us to build new tools and strategies to harness the power of locked liquidity. A successful completion of the first phase is achieved by linking the majority of the cryptocurrency market to CORE. This is done by carefully choosing pairs and timing our Liquidity Generation Events accordingly.
The first LGE launched CORE and linked the ecosystem to Ethereum and its underlying projects/tokens. Wrapped Bitcoin was chosen to join the ecosystem for the second Liquidity Generation Event. It connects CORE to the world’s hardest asset and creates exposure to Bitcoin price movements. The third LGE will introduce the stable coin DAI to the ecosystem, representing the link to fiat currencies. Assessing current market movements signifies a unique opportunity to add a stable coin to CORE. The new pool will be affected by Ethereum, Bitcoin and CORE price movements. If the price of these assets increase, the stable coin pool‘s liquidity will rise.
The Last LGE ⚔️
The DAI Liquidity Generation Event will be the last LGE in this ecosystem and is therefore the last opportunity for the community to participate in one. A strong third Liquidity pool completes the backbone for CORE’s future developments. The team has successfully assessed several forks and control of these projects have been transferred over. Being able to help fork LP holders regain value of their investment while strengthening our third LGE was mutually beneficial and has led us to secure over 5,000 Ethereum which will flow directly into the new pool. Adding a stable pair to a volatile ecosystem creates a few challenges. In order to achieve maximum effectiveness for our contributors, an advantageous LGE environment needs to be achieved, the Fee on Transfer will start to increase, reaching maximum FoT during the LGE and gradually decrease towards its original value shortly after.
Advantages of a DAI pool 🛡️
The DAI pool will present special opportunities, it will experience by far the best arbitrage while providing our users a hedge against volatility in the crypto markets. It benefits when traders park their funds during market instability, bringing an essential tool to this ecosystem. LP token holders of the DAI pool can expect favorable returns during highly volatile price movements in CORE, Ethereum and Bitcoin.
What happens next? 🧭
The team is targeting next Friday, the 27th of November, for the launch of the last Liquidity Generation Event. The event will last one week during which the three forked projects, ENCORE, UNICORE and TENS will be migrated as well as additional deposits by contributors. After the event is over, each contributor will receive LP tokens which can be staked on cvault.finance to earn fee rewards.
💬 Join Us!
- Join the discussion in our Discord at https://discord.gg/hPUm9Jh & Telegram https://t.me/COREVault
- Don’t miss any update by following these Twitter accounts at @CORE_VAULT @x3devships @0xRevert @0xdec4f
