Overview
|
OpenWhat is LP Finance
Synthetic assets have been a popular narrative in the DeFi space as it provides a route for users to perform swap with zero slippage thanks to the global-debt pool. Synthetic assets are backed by collateral tokens and usually have a stability fee to ensure users repay their loans to prevent the price from depegging. LP Finance focuses on leveraged strategies using synthetic assets to provide the best yields without harming peg-stability and scalability. New mechanisms such as incentivized liquidity providers and protocol debt vault are implemented to maximize protocol revenue and user yields.
DetailsIDO (Parasol Finance Launchpad): Oct 24, 2022 - Oct 31, 2022IDO (X_Starter Launchpad): Oct 24, 2022 - Oct 25, 2022 IDO (SolRazr Launchpad): Oct 18, 2022 - Oct 20, 2022 Token supply: 50,000,000 LPFi LegalBlockchain Platform: SolanaCountry limitations: United States, Afghanistan, The Central African Republic, China, Congo-Brazzaville, Congo-Kinshasa, Cuba, Eritrea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, North Korea, Namibia, Mali, Somalia, South Sudan, Sudan, Pakistan, Yemen, Syria, Tajikistan Registration year: 2022 Office address: Toronto, Ontario M2N4M1, CA | Token infoTicker: LPFiType: Utility-token Token price in USD: 1 LPFi = 0.3 USD Token distribution: Pre-seed(cogitent) - 0.9% Seed - 1% Lp finance dao - 35% Ecosystem - 25% Liquidity incentives - 15% Strategic - 11.8% Team - 10% Ido - 1% Airdrops - 0.3% |
LP Finance Roadmap
1
2022 Q4
- zSOL on mainnet
- LPFi staking on mainnet
- Integration on Orca & Nazare
2
2023 Q1
- zUSD on mainnet
- Grant for Ecosystem Dev
- LP Finance DAO live
3
2023 Q2
- Permissionless Synthetic
- zUSD Payment App
Project team
Eric Lee
Protocol Architect
Cui Yonghu
Rust Engineer
DEEPAK KURMI
Software Engineer
Social media
MVP
