Announcing $TRI and Liquidity Mining incentives for TriSolaris
$TRI Token and Liquidity Mining launching next week
We are excited to announce the upcoming release of $TRI — the native token for the TriSolaris ecosystem. $TRI is a fair launch governance token for the entire TriSolaris ecosystem. Holders of $TRI will be able to govern this ecosystem and shape how it develops moving forward.
As some of you may know, the primary product of the Trisolaris ecosystem today is the Trisolaris DEX — which is the first decentralized exchange on the NEAR blockchain’s Aurora EVM engine. The team plans to launch the token along with liquidity incentives for the exchange next week. We will share exact details later this week.
$TRI Distribution
Total Supply: 500,000,000
Months to emit: 36
70 % Community + Liquidity Incentives
15 % Treasury : For future strategic partnerships, investors, and more
15% Current & Future Team : 1 month cliff and vesting over 12 months
Liquidity Incentives
The majority of the $TRI token supply (70%) will be dedicated to the community, beginning with liquidity providers who are the lifeblood of a decentralized exchange. We are absolutely dedicated to serving the NEAR community and as such will be starting with the following incentivized pairs for $TRI liquidity incentives:
Initial Incentivized Pools
- $wNEAR — $ETH
- $wNEAR — $USDT
- $wNEAR — $USDC
- $USDC — $USDT
- $wNEAR — $WBTC
- $TRI — $wNEAR
While we are initially starting with this set of pairs and only $TRI incentives, we already have several exciting plans on our roadmap. These include:
- Adding more incentivized pairs, including prominent NEAR ecosystem tokens like $AURORA, $REF and others (reach out if you’d like to partner)
- Introducing double rewards for pairs. Users will be able to earn both $TRI and $wNEAR
- Introducing single-sided $TRI staking
Utility
We envision the $TRI token to be utilized for the following purposes:
Governance
$TRI holders will be able to vote on proposals to govern the Trisolaris ecosystem and it’s development. This will include treasury management decisions, liquidity incentives, and fee distribution adjustments.
Fee Distribution
The Trisolaris DEX currently takes a protocol fee of 0.3% for swaps that is distributed to liquidity providers.
However, we plan to implement single-sided staking for $TRI and redirect a small percent of fees to $TRI stakers.
The fee % as well as where they flow to can both be adjusted in the future via governance by $TRI token holders.
Community and Ecosystem Development
To grow the Trisolaris ecosystem, we need the help of several folks — including developers, community moderators, designers, strategic investors, content creators and more. The $TRI token is one way to align incentives amongst ecosystem participants.
Next steps
We will announce the exact release time and block number in our discord and on our twitter account so be sure to join the server and/or follow our account closely during this week for that.
How can you start getting ready?
Be sure to bridge over funds to Trisolaris DEX from Ethereum mainnet using the Aurora Ethereum Bridge or from Near mainnet using the Aurora Near Bridge. Remember that the core Trisolaris DEX is already live on http://www.trisolaris.io/ so you can already start providing liquidity and swapping assets. To all of our early supporters and community members who have already started experimenting with Trisolaris, we have some good surprises planned for you in the upcoming future so please hang tight :)
