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
Christopher Fisher
We just buy it from uniswap or? Help a brainlet out.
Isaiah Scott
> Andre for YFI said the same thing. Just because the coin starts for free, it doesn't mean it won't be seen as an asset later.
John Cook
Accidental greentext wtf
Uniswap link in the second reply to this post
Josiah Brown
im just a brainlet but can't we just buy a few of thpse BPT that are cheap af and then stake them when available? assumingly making a profit of some kind, or am I just fucking stupidw
Bentley Rogers
yeah you can bro, you can pool usdt/dai to attain BPT token, then stake them for LIQ token. liq token can then be sold for profits.
Robert Long
same. so many times I ended up super early in projects, but sell after a quick 2-3x. it's okay on quick pnds, but I have missed out on massive gains. sold 350k STA for like 3 ETH on the first day. anyway...this one checks all the right boxes. I'm gonna just forget about it for a week or so then check on it again.
Cameron Wright
how do I know that uniswap link is the real thing and not a scam?
Wyatt Morgan
this is what I've gathered thus far.... 1M will be distributed for free to stakers. 2M were sold in the presale, only 1M was distributed, the other 1M is locked. so today, circ supply is 1M. that will increase to 2M other the next 3 weeks with the public distribution.
Christopher Howard
also it says on the website public launch isn't til 31st July - what's this then?
Hudson Morales
does that mean in order for this to be valuable you can't just throw in 1 eth, wait and sell? you have to stake to make it worthwhile?
Asher Cox
it's real. you can get the link in the telegram to confirm.
Caleb Nguyen
yes, the public distribution doesn't start until tomorrow. that's the 1M coins that are distributed over 3 weeks to stakers. uniswap was seeded by a private sale investor.
Ethan Long
I think you're misunderstanding. the public distribution is kind of like an airdrop, but in order to get in, you have to deposit liquidity to the DAI/USDC balancer pool. when you do that, you get bpt tokens for that pool. if you stake those balancer pool tokens in the contract liq has for staking.....they will give you LIQ. it's basically incentivizing people to provide liquidity to the pools. that's what the whole idea behind the project is about.
Cooper Campbell
the public distribution is basically them opening the balancer pool to be able to yield it. the uniswap pool is the actual token which has been made by a presale buyer. currently on uniswap its not that much mroe expensive than presale. you can either buy it or farm it from tomorrow onwards. i'm buying it because i don't have enough money to yield high amounts (although that may change soon) - because i think these kinds of tokens will pump to high heavens when the pools get bigger
Connor Sullivan
think YFI. you can buy it or farm it. the price skyrocketed, so if you bought early; you win. same shit should work here.
Nolan Wright
i'm pretty poor, maybe I didnt understand the post but is there any rough estimate on how much BPT / LIQ you will end up receiving per X amount staked? maybe i should just buy..
Gabriel Rogers
okay fuck it, I threw some eth at it. Thanks anons. Price prediction/timescale?
Anthony Lee
I think it probably will depend on how many other people are staking. it sounds like that 1M LIQ will be distributed to stakers over the course of 3 weeks. they haven't released the contract yet though so I don't know how it's distributed exactly.
Oliver Bailey
how many do you need in order to stake? I just want to buy then sell when it pumps desu
Jeremiah Johnson
poor = just buy it. apr is high either way so you can farm heaps but fuck it dude its probably gonna 100x lol. yield farming is generally to make heaps of money even more money.
Christopher Evans
Is there a limited amount that can be farmed and if so, over what timeframe will it be unlocked? Don't want to be dumped on like with mcdex. Kek.
Nathan Rivera
completely different type of token.
Asher Rivera
I'm going in anons, this looks like a gem
Luis Evans
is this some high effort scam or legit? looks like the tokens were sent to 3 or 4 wallets and they just pooled in uniswap, they claim it's presale investors but there's no record of any ETH transfer from them, doesn't really seem organic. anyone has any actual info whether this is legit or is this the POC scam all over again
Lucas Edwards
Why would anybody buy this when theyre about to give them out for FREE LOLOLOL
Joseph Reed
This is what I was thinking, too, user. The Telegram channel is new, as well.
