Liquidswap DAO to Launch LSD Token on July 30!

Bittime - On July 30, Liquidswap DAO will launch LSD tokens, with 15% of total tokens used for airdrops and staking incentives. What are the tokenomics of this LSD token? Read this article to find out! 

Token Liquidswap DAO (LSD)

Liquidswap is the Automated Market Maker (AMM) protocol with the largest trading volume and number of users on Aptos, which provides high-performance transactions via the Move language.

The LSD token will be key in driving decentralization Liquidswap and provide governance rights to the community. A total of 42 million LSD will be printed in the initial stage and will be available for 3 years. 

The initial distribution includes a 40% allocation to the community, 15% for airdrop and staking incentives, 16% for treasury, 8% for liquidity on exchanges, 1% for Initial Exchange Offering (IEO), and the remainder for personal investors and teams.

LSD Distribution and Airdrop Details

Early adopters will receive a token airdrop, with details to be announced closer to the token launch. Here are the initial distribution details:

• 40% for community: Includes 15% for airdrop and staking incentives; 10% in between will melt on TGE, with 90% vesting remaining for 18 months. 5% for initial retroactive airdrop, 2% for ve staking incentives, and 8% managed KNIFE for future airdrops and staking incentives.

• 16% for treasury: Vesting for 36 months, used for ecosystem grants, strategic partnerships, governance initiatives, and additional incentives.

• 8% for liquidity on exchanges: Used for listings and managed by market makers professionals.

• 1% for Initial Exchange Offering (IEO): 40% liquid on TGE, vesting for 3 months.

• 25.25% for private investors in 2021, 21.49% for private investors in 2023: Vesting for 2 years with a cliff of 1 year.

• 13.26% for founding team: Vesting for 3 years with a cliff of 1 year, to ensure long-term commitment.

Achievement Liquidswap

Over the last 2 years, Liquidswap has achieved various achievements:

• The cumulative trading volume is over $1.3 billion, which makes Liquidswap the most used application on Aptos.

• All-time high TVL of $60 million, maintaining enough liquidity to achieve the best price for on-chain swaps and protocol liquidations.

• 14 million total swaps across 1.1 million unique addresses.

Since its launch, Liquidswap has become the backbone of decentralized financial infrastructure for Aptos. Moment protocol reached a critical mass in adoption and continues to grow, Liquidswap ready for further decentralization through launch Liquidswap DAO dan token governance, LSD.

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