Equalizer on Base Chain Part 2: Understanding the Launch Mechanics

After our initial announcement regarding our expansion to Base Chain, we’ve received a great deal of enthusiasm and inquiries. In this post, we’ll provide a deep dive into the mechanics of our launch, the airdrop distribution and detailing the launch liquidity sequence.

The Airdrop Distribution

To mark our expansion to Base Chain and as a token of appreciation for our loyal community, we’re excited to announce our airdrop distribution.

For each of your holdings and activities, you’ll earn points as follows:

• veEqual Holders: For every veEqual you possess = 100 points.
• Liquidity Providers: For every Equal token in the WFTM/EQUAL pool, 1 Equal in LP on Equalizer = 50 points.
• LPs on Tarot: For our users providing liquidity on WFTM/EQUAL on Tarot, 1 Equal in LP on Tarot = 40 points.
• Tarot Lenders: 1 Equal lent on Tarot = 5 points.
• Liquid Equal: For every Equal token in your wallet = 2 points.

Additionally, for future veEqual lockers, we’ve set aside a special allocation of 400,000 tokens. This is to acknowledge the continued support and commitment of our community, ensuring that future interactions and locks are also considered for reward.

*Minimum 1000 points required

Let’s Break It Down With An Example:

Suppose you’re a user with the following holdings and activities:

• 1000 veEqual tokens.
• 400 Equal tokens in LP on Equalizer and 2000 FTM.
• 1000 liquid Equal tokens in your wallet.

Your total points would be calculated as:

1000 veEQUAL x 100 (points) + 400 Equal in LP on Equalizer x 50 (points) + 1000 liquid Equal x 2 (points) = 122,000 points.

Points are then divided by the total airdrop minus the future allocation for future interactions and you will be able to claim your share.

The Launch Liquidity Sequence

Our launch on Base Chain will be executed in a phased manner to ensure stability and safety. Here’s how the liquidity sequence will unfold:

1. Initial Liquidity Pool Setup: We’ll set up the initial liquidity pool with a combination of SCALE and ETH. This will serve as the primary source for purchasing SCALE.
2. SCALE Swap Fees: We will be setting up our liquidity pool to have a time reducing fee structure. Trade Fees on SCALE/ETH pair will start at 99% Fees and slowly be ramped down to 2% over the first 60 minutes of launch.
3. Expansion of Pairs: As the ecosystem grows, we’ll introduce more trading pairs based on market dynamics.

In conclusion, we’re incredibly thrilled about our next chapter on Base Chain. The steps above ensure that our community is rewarded, engaged, and informed. As always, exercise caution, use official channels for any transactions, and reach out to our support team for any queries.

Let’s build the future of DeFi together on Base Chain!