They've been quietly working for over 2 months, even before the YFI craze began. Offering basically the same thing with their own liquidity pool. The token has been on uniswap for a couple days, nobodies noticed. Don't think I've seen a thread on biz yet.
Well, their pool is ready so if you're into high APR farming, this will be the next big one. More than just a 1 man team. Here's a chance to get in early before anyone knows about it. The token will of of course rise in value because of the high yield rates on offer.
LIQ Network: The price is $0! We’re distributing them for FREE!
The mission of LIQ Network is simple, we bring liquidity to DeFi and other decentralized projects. In order to do that, we feel responsible for providing liquidity incentives to stable coin projects, even if we don’t have direct relationship with them and we cannot directly benefit from it.
The LIQ Public Launch will be executed in 3 phases over 3 weeks. Phase 1 starts on 31 July, 10pm (ET) and will last for 1 week. A massive amount of 1,000,000 LIQ will be distributed to the DAI/USDC Balancer pool token stakers as reward. The remaining public launch allocation will be distributed in Phase 2 and 3, with more details to be announced soon. How to participate in Phase 1
Phase 1 starts on 31 July, 10pm (ET). It is very easy to participate. You simply:
Add liquidity to the DAI/USDC Balancer pool. Stake the BPT tokens you obtained from Balancer to the LIQ rewards contract. We will provide a web UI to simplify this process.
That’s it! Your LIQ rewards will start accumulating over time based on how many BPT tokens you stake. Is it safe?
We’ve tried our best to minimize the risks involved in participating in Phase 1.
LIQ Network is a very young project, therefore we want to minimize the trust required from the participants for us. In order to do that, we leverage other popular protocols (i.e. DAI and Balancer) to provide a stable and secure environment for Phase 1. The only part that is directly managed by LIQ Network is the LIQ rewards contract. In order to make sure the contract is secure, we will be using the audited and production-proven contract adopted by Synthetix.
What’s the yield?
The actual APY (Annual Percentage Yield) depends on many factors, it is difficult to provide an accurate value. However, we can do an estimation based on sensible assumptions.
Gavin Jenkins
awesome. this is why I still come here. thanks OP. bought a small bag and am gonna move funds to the balancer as well.
Brandon Campbell
no worries bro. its these posts that generally get ignored until they start trending after a massive pump. think we've caught it early this time
Alexander Sullivan
as I understand, 1M tokens will be distributed to DAI/USDC stakers over the next few weeks...and 2M tokens were sold in the private sale, but most of that is locked up in a vesting schedule. it looks like about 700k have been distributed. so if all of that is correct, then the current market cap is about 115k.
Charles Walker
yep. its fuckin nuts. they've been so quiet about it, that's what makes me bullish these days. the website is clean too. solid hold. i wouldn't get impatient, i've done that before and regretted it. hold til this moons. might get some more actually
Joseph Garcia
>LIQ Network: The price is $0! We’re distributing them for FREE!
what? so the token has no value or what? Is this actually going to pump or not? brainlet here
