CORE Vault
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CORE Vault


Questions and Answers regarding the upcoming Liquidity Generation Event

This article aims to give guidance to our community members and prepare them for our upcoming CORE/wBTC Liquidity Generation Event. The LGE will begin October 16th. You will be able to participate on our website

Characteristics of the LGE smart contract ⚗️

The smart contract is designed to create the fairest distribution throughout the entirety of the event.
In addition to wBTC, Ethereum and CORE we decided to also accept wBTC/ETH LP tokens in the LGE, inviting $600M in Uniswap LP tokens to participate directly in this event.

Frequently Asked Questions 📌

1) Is there any official information on the LGE and how to participate?

There will be an in-depth guide on how to participate released on our Medium account.You can also find useful articles about the upcoming LGE there.
Check out our latest LGE articles:

2) Which tokens can be contributed to the LGE?

Participants will be able to contribute wBTC, CORE, ETH, and wBTC/ETH Uniswap LP tokens.

3) Is there an advantage contributing a certain token to the LGE?

Every token is equally measured. There is no benefit of choosing one Token over another, however the smart contract collects and uses tokens in different ways to maintain its peg. It is designed to have a positive impact on CORE and its ecosystem.

  • ETH will be used to market buy CORE or wBTC, depending on the current allocation.
  • wBTC will be used to market buy CORE or remain as wBTC depending on the current allocation
  • CORE will be used to maintain the peg. It cannot be sold. If the contract receives too much CORE it refunds it proportionally.
  • wBTC/ETH UNI LP tokens will be unwrapped automatically and ETH+wBTC will be distributed following the rules above.

4) What will happen to the APY if a second LP pair is added?

Since CORE has a Fee on Transfer, the APY is influenced by volume and trades. An additional pair will create new trading opportunities which both pools will benefit from.

5) Are the trading fees equally distributed between different LP pools?

Each liquidity pool collects its own fees and distributes these among its LP tokens, separately. However a second liquidity pool indirectly affects trading fees by allowing new strategies to take place and therefore encouraging higher trading volume.

6) When will the LGE contract create CORE/wBTC LP tokens?

The LP tokens will be minted at the end of the LGE, however each contribution during this event will immediately be used to maintain the peg between CORE/wBTC. Market buying CORE when necessary. This impacts the trading volume of CORE and therefore the APY.

7) What is the benefit of participating in the CORE/wBTC LGE compared to buying it after the event?

The Liquidity Generation Event is designed for maximum fairness. LP tokens are distributed proportionally while after the event the price per token will scale with the increase of the pool. Meaning after the event, each newly minted LP token becomes increasingly expensive.

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