Liquidity Drop Bootstrapping — Wrap Up

Our Liquidity Drop Bootstrapping event has now concluded and we’d like to thank everyone who participated and made it a success! Here’s a post-event wrap up:

Overview of Event

The LDB took place on Balancer over the course of 6 hours. In total, there were 18 liquidity drops made using flashbots, with 16.58 million PENDLE tokens available.

The price started at $0.45 (0.00017633 PENDLE/ETH), reaching a high of $2.15 (0.00079629 PENDLE/ETH). The round closed with a price of $1.71 (0.00062934 PENDLE/ETH) and a total of 753 PENDLE token holders, at the time of writing. The final quantity of ETH in the PENDLE/ETH pool amounted to 4337.87 ETH ($11.83 million).

Moving Forward

The team has seeded a Sushi pool with the final price of PENDLE. The Sushi pool can be accessed here. Do verify the token address (0x808507121B80c02388fAd14726482e061B8da827) before swapping. We have injected $1M PENDLE: $1M ETH into the pool.

We’re humbled by the support we’ve received and would like to express our gratitude once again to everyone who made the LDB a success. Do join us on Discord, Twitter, and Telegram as we gear up for our main-net launch!