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Launch Promo Event
For Fluo to be successful, we must get FLUO into the hands of as many LPs as possible and our launch event will help achieve that.
On x/x/2023, Fluo will begin with a launch incentive event similar to a lockdrop to provide liquidity to the protocol in partnership with Demex, a spot and perpetual dex on Carbon.
LP minting will begin prior to launch with no minimum amount for minting. LP tokens will be locked during this window, which means no LP tokens can be redeemed for USDC.
The event will last 14 days, during which users will be able to deposit USDC into launch vaults with boosted incentive rewards that will last for 1 year.
This USDC will go into Fluo's first vault, a counterparty liquidity pool for Demex.
The liquidity will have two unbonding durations, one shorter and one longer. Unbonding begins the moment you withdraw, and during the unbonding period, you will not be receiving incentives.
Note: The unbonding duration is still being decided, but the longer unbonding duration will give a significantly higher yield.
There will be 5 launch vaults and one overflow in total:
Tier 1 vault: Total deposit of $500k with a max APR of ~2800% when filled
Tier 2 vault: Total deposit of $1m with a max APR of ~1000% APR when filled
Tier 3 vault: Total deposit of $1.5m with a max APR of ~500% APR when filled
Tier 4 vault: Total deposit of $2m with a max APR of ~300% APR when filled
Tier 5 vault: Total deposit of $3m with a max APR of ~170% APR when filled
Overflow vault: No maximum deposits and thus there is no max APR.
Only one launch vault will be available until it is filled and the next vault opens. When you deposit, it will automatically select the available vault.
Note: APR figures are an estimate based on projections and pre-TGE FLUO price. The APR on mainnet may differ from these figures.