- Genesis Staking: A New Dimension for preMKL Holders
- Liquidity Bootstrapping Auction: A New Approach to MKL Token Pricing
- Choosing Your Strategy: Genesis Staking or LBA?
Merkle Trade, the first gamified perpetual futures decentralized exchange based on Aptos, launches a Token Generation Event (TGE) featuring Genesis Staking and the Liquidity Bootstrapping Auction (LBA).
Genesis Staking: A New Dimension for preMKL Holders
Genesis Staking allows preMKL holders to earn USDC rewards while retaining their MKL tokens. These rewards come from a portion of the protocol’s revenue, and include access to a special reward pool of up to $200,000. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.
Liquidity Bootstrapping Auction: A New Approach to MKL Token Pricing
The Liquidity Bootstrapping Auction (LBA) offers users the opportunity to deposit USDC and/or preMKL over a seven-day period, during which the ratio between the two assets will determine the initial launch price of the MKL token. Participants receive MKL-USDC LP tokens with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.
Choosing Your Strategy: Genesis Staking or LBA?
Participants can choose between Genesis Staking and LBA based on their financial goals. Both options provide unique opportunities for earning rewards and managing their positions optimally.
Merkle Trade offers users diverse strategies for participating in the TGE, providing unique opportunities for earning and managing MKL tokens. Users can select the most suitable path based on their individual objectives.
