Furucombo Biweekly Update #11
This week we have some Furucombo’s updates to share with you, and we’ve also picked a hot combo covering strategy on Maker to give you some recipe inspirations! Okay, without further ado, let’s get started! ✨
# Furucombo’s Update
✅ Announcing COMBO Token Launch
We’re so thrilled to share with you that the long-awaited COMBO Token will be launch on Jan 12, 2021!We structured our COMBO token distribution into two phases. We’ll do the initial launch on Balancer’s Liquidity Bootstrapping Pool (LBP) in phase one. And in phase two, we’ll open a pool on AMMs with the price discovered from phase one. In this phase, we’ll launch a finely structured transaction mining program as well!Token Launch Details
When: COMBO:USDC pool opens at 15:00 UTC on Jan 12, 2021 for 48 hours.
Where: Balancer’s LBP
How: The Balancer LBP will be live for 48 hours. This will be the ONLY place where you can get COMBO tokens directly from the team.
Amount: 4% of total COMBO supply is allocated for this launch
Weight: COMBO:USDC pool weight will start at 90:10 and decline to 30:70 over ~48 hours.Read the whole article here: https://go.furucombo.app/NpvdA
✅ A Step-by-Step Guide to Participate in COMBO Token’s LBP
As mentioned above, Furucombo's initial launch will be held on Balancer's Liquidity Bootstrapping Pool (LBP), which is a type of smart pool that changes its weight over time to create a more fair launch mechanism. Here we wrote you a step-by-step guide to introduce how to participate in COMBO Token's LBP as well as some tips for finding the best timing to purchase COMBO tokens!
Read the whole article here: https://go.furucombo.app/LR3NP
✅ Announcing Furucombo Transaction Mining Program
In the 2nd phase of the COMBO token launch event, we'll roll out our Transaction Mining Program, which will last for two months, starting at 3:00 AM (UTC) on Jan 15, 2021!
Anyone can get COMBO token by using Furucombo to send out transactions that include eligible cubes and tokens. Here, we've prepared an article to share with you how this transaction mining program works and how to participate!
Read the whole article here: https://go.furucombo.app/3U7Cz
# Hot combos
Here’s what‘s trending on Furucombo.
✅ Maker supports Uniswap DAI/ETH LP token as collateral
Recently, MakerDAO added Uniswap-V2 DAI/ETH LP Token (Liquidity Provider Token) as a new collateral type! That is to say, you can now use LP Token to create a Maker new vault, generate DAI, and charge Uniswap liquidity provider fee at the same time!
1️⃣ Swap ETH to DAI
2️⃣ Add DAI+ETH to Uniswap-V2 DAI/ETH pool, get UNI_V2 LP tokens
3️⃣ Create a new vault using LP token
4️⃣ Generate DAI from the vault
The pre-built combo is ready for you!👉 go.furucombo.app/9yuWU
Check out our explore page. You can find up to 50 combos with its own detailed explanation about how it works! And you can also join our Discord server to chat with the community about all the trading strategies & ideas!
Hope you enjoy this week’s content! 🤓
If you experience issues that are not covered in this guide, please reach out to the team directly through telegram.