【LBP finished and Balancer Shared Pool opening announcement】
The liquidity bootstrapping pool(LBP) for $PERP is closed, and the PERP:USDC Balancer Shared Pool (BSP) with weights 80:20 is opened now.
- The URL of the BSP:
https://pools.balancer.exchange/#/pool/0xf54025af2dc86809be1153c1f20d77adb7e8ecf4/- The fee for the BSP will be 0.15%.
- We will seed the pool with 3M PERP and equivalent amount of USDC.
(It used to be a PERP:cUSDT pool in our document before but we feel it’s probably too confusing to most of the people so we decided to switch back to PERP:USDC pool.
)
We will have a Balancer Liquidity Provider Rewards program for those who provide the liquidity to the BSP above. There will be a staking page on
https://perp.fi/ letting people stake their tokens and earn PERP rewards. The ETA of this program is next week.
✨We have talked to our seed and strategic investors and they 100% agreed that they will lock their tokens until the mainnet launches. I actually have no doubt they would agree on this because no one from that group has asked me anything about withdrawing the PERP tokens. Thanks to all our seed and strategic investors and it should help clear the air.
Perpetual Protocol is the first project having token distribution on Balancer LBP, which is implemented to prevent front-running and price speculation for token distribution events, though there is still room for improvement, thanks to all the participants during these 3 days and we appreciate all the suggestions about LBP from the community.
🛑 Admins will never PM you first.
* Telegram Announcements Channel:
https://t.me/perpprotocol* Website:
https://perp.fi/* Gov forum:
https://gov.perp.fi/* Doc website:
https://docs.perp.fi/* DIscord:
https://discord.gg/mYKKRTnFeel free to discuss anything with us on our Discord, Telegram, or pm us on Twitter.