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It’s finalized❗️ 📣Mendi Finance’s Liquidity Generation Events will take place from July 18th, 7am & end on July 21st, 1pm GMT Mark your calendars!🗓️ Deposit USDC & earn +28% on your investment in $MENDI 🏔️🪙 Here's what it's all about & how to participate👇 #MendiLGE

103,081 Aufrufe • vor 3 Jahren •via X (Twitter)

10 Kommentare

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

What is the Liquidity Generation Event (LGE)?🤔 LGE is DeFi’s most inclusive method of token distribution, allowing anyone to become early investors of a protocol. Objectives: 💧Secure initial liquidity for Mendi 🪙Determine $MENDI price 💜Reward early adopters

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

How does it work? It’s as simple as: 💵You deposit USDC to Mendi Finance ⬆️We add allocate 3.5% of total token supply to add a bonus to your deposited funds 🎉Once the LGE ends, you can mint yourself $MENDI. 28% more than what you deposited!

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

👉Example: Deposit $1000 USDC. At end of LGE, you're eligible to claim $1280 in $MENDI! 🪙50% of your $MENDI is claimable instantly, while other 50% unlocks over a year. 🔐50% lock period to ensure that price of $MENDI will stay stable after LGE bonuses have been distributed.

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

⚖️We deem the LGE the fairest fundraising & token distribution method in DeFi, as everyone has the same opportunity to get their hands on $MENDI for the first time.

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

What’s in it for us?🤔 Through the LGE, we’ll reward early users & establish initial liquidity that allows the Mendi lending protocol to function⚙️ 💧All funds raised through LGE is paired with an additional 2.5% of total $MENDI supply to create a MENDI/USDC LP on .@velocorexyz

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

MENDI/USDC LP will be staked on Velocore, & has a few key functions: 🔁Liquidity to swap to & from $MENDI 🤝Profit sharing of Velocore’s LP yields to $MENDI stakers 💰LP will be bribed (20% of all $MENDI emissions) to increase its yield, securing even higher yield for stakers!

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

🚀We’re excited to finally kick-start Mendi Finance’s journey in the DeFi world! The LGE is right around the corner!👇 🗓️July 18th, 7am - July 21st, 1pm GMT🗓️

Profilbild von Mendi Finance
Mendi Financevor 3 Jahren

🚨IMPORTANT UPDATE🚨 As of July 18th, the LGE has been postponed. Linea is making another major audit on their ERC20 smartcontracts' security! Expect the official LGE to happen in the upcoming weeks

Profilbild von CryptoMaMa♟️
CryptoMaMa♟️vor 3 Jahren

@LineaBuild 🔥 🔥

Profilbild von MasterPlusTw🌉🛸
MasterPlusTw🌉🛸vor 3 Jahren

#MendiLGE LFG

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