Merkle Trade Launches TGE Sequence with Genesis Staking and LBA

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of TGE Sequence
  2. Genesis Staking
  3. Liquidity Bootstrapping Auction (LBA)


    4. Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) on the Aptos blockchain, has announced the launch of its Token Generation Event (TGE) Sequence featuring Genesis Staking and the Liquidity Bootstrapping Auction (LBA).

    Launch of TGE Sequence

    Running from August 29 to September 5, the LBA offers early users exclusive USDC rewards for extended staking. Merkle Trade stands out from other perpetual DEXes with its focus on making trading accessible and enjoyable, allowing traders to start with as little as $2 in collateral and enjoy gas-free transactions and one-click trading. The project has achieved over $12.9 billion in cumulative trading volume and attracted more than 124,500 traders.

    Genesis Staking

    Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards sourced from a portion of the protocol’s revenue. Additionally, a special reward pool of up to $200,000 is available. To date, over 3 million preMKL tokens have been staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the token launch.

    Liquidity Bootstrapping Auction (LBA)

    The LBA provides an opportunity for users to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial MKL token launch price. Participants receive MKL-USDC LP tokens in return, with dual rewards including a share of 1% of the total MKL supply and trading fees generated by the pool.

    Participants in the TGE Sequence are encouraged to carefully consider their financial goals and the benefits of each option. Both Genesis Staking and the LBA offer valuable opportunities, allowing users to choose strategies that best fit their objectives.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.