Liqee Genesis Liquidity Mining
We are glad to partner with dForce to build the first decentralized lending market for Liquid Staking Tokens, and partner with StaFi to onboard their liquid staking tokens (rTokens) on Liqee. Click here to learn more.
In order to ramp up our lending market, we plan to roll out distribution of our governance token (LQE) via ‘retroactive liquidity mining’ initiative, together with our partners — StaFi and dForce (three-in-one mining). Participants will be able to mine LQE, FIS, DF based on individual contribution to the growth of Liqee. Note: Liqee and StaFi plan to host a medium to long-term liquidity mining campaign, while dForce, as an important partner of Liqee, will provide a gesture-based incentivization of two weeks to facilitate the launch.
Please be advised that Liqee is yet to launch its Token Generation Event (TGE), meaning that this is retroactive liquidity mining, participants can view the balance of mined LQE on Liqee but can only claim and withdraw LQE to your wallet post the TGE. Also, that accrued LQE through liquidity mining might be subject to a vesting or lock-up schedule. The timing and schedule for the TGE are yet to be determined. Please follow us on Twitter or join our Telegram to stay up-to-date about the upcoming TGE and distribution schedule.
The Genesis Liquidity Mining of Liqee will kick start from 12:00pm UTC, 27 August, 2021 on both Ethereum and BSC. Please keep a lookout for any gauge adjustment which will be reviewed and assessed on a bi-weekly basis, and released to the public via Twitter and Forum. The first liquidity mining shall last from 12:00pm UTC, 27 August to 12:00pm UTC, 10 September, 2021, with the following liquidity gauge.
Gauge — Lending, Borrowing, USX Minting on Liqee
A weekly total of 56,000 LQE, 1,260 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:
Binance Smart Chain (BSC)
A weekly total of 101,500 LQE, 8,740 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:
- Liqee token (LQE): this is retroactive liquidity mining, participants are able to view the balance of mined LQE on Liqee, but cannot claim and withdraw LQE to your wallet before the Token Generation Event (TGE), and may be subject to vesting or lock-up schedule after the TGE (timing, schedule and other details to be disclosed).
- StaFi token (FIS): participants are able to view and claim accrued FIS on Liqee, and withdraw FIS to your wallet at any time.
- dForce token (DF): participants are able to view the balance of mined DF on Liqee, but can only claim and withdraw DF to your wallet after 12:00pm UTC, 10 September, 2021.
Minting rTokens on StaFi
A total of $700,000 dollar value of FIS will be provided by StaFi to incentivize the minting of rTokens (rETH — $200,000, rDOT — $250,000, rATOM — $250,000) through StaFi rToken App.
You can see updates of liquidity mining incentives here: https://forum.liqee.io/c/lending/7
Our gratitude goes out to dForce and StaFi for their tremendous support, and Liqee community for your engagement. We look forward to continuing to build on openness, transparency and trust, with robust growth in the months to come.
For more information on Liqee, please join our community.