Liquidity Bootstrap Phase
Boost Your DeFi Experience with L1X and earn Rewards.
Participate and provide liquidity to the next-Gen Multichain Balancer Pool that powers Bridgeless Swaps with X-Talk.
Now is your opportunity to earn fees while supporting L1X's next-gen Multichain Balancer Pool.
Join the L1X Multichain Balancer Pool.
Here's what you need to know:
Deposit Options: USDT BSC, USDT ETH, USDC BSC, or USDC ETH
Deposit Window (Updated 6th March 2024): Pools will open on February 21st and will remain open until TGE or when the pool reaches its target volume of $500K TVL cap.
Help Support Cross-Chain Liquidity: Your deposits will provide the liquidity for cross-chain swaps powering the seamless exchanges between blockchains.
Low minimum: Deposit as little as $50 and start earning rewards.
Get tradeable BPT tokens: Get Tradeable BPT Tokens when you provide liquidity to the pools.
Unlock rewards: During and after the close of the bootstrap liquidity initiative you will unlock the opportunity to gain rewards leading up to the Token Generation Event.
What's in it for you?
Receive Liquidity Pair (BPT) Tokens: When you provide liquidity to the different pools you will receive the equivalent liquidity-pair tokens in return.
Earn daily L1X coin rewards: Starting February 21st, you can deposit and begin to accumulate daily L1X coin rewards at a daily rate until the TGE. Your total L1X coin rewards earned are determined based on the day of your deposit and the total balance over the total period. Please see the chart below for a breakdown of each daily reward during the First phase (February 21st to March 5th).
Remember:
Deposit earlier for potentially higher rewards during the First Phase.
Both your L1X/stablecoin pair tokens and L1X coin rewards become claimable daily over 120 days starting from TGE.
Claim L1X coins + BPT tokens: After TGE, your earned L1X coins and stablecoin BPT pair tokens will become claimable from day one of TGE. Your balance is distributed daily over 120 days and is claimable on the L1XApp. You can calculate your daily claimable amount by dividing the total number of your BPT tokens or coin rewards by 120.
Here's how it works:
When you deposit into a designated Bootstrap Liquidity Pool, your contribution converts 50% into L1X. L1X get paired with the remaining deposited stablecoin. This token pairing type becomes a BPT (liquidity pair) token. It represents your value in the liquidity pool. Likewise, this same value also determines your reward potential.
Following the steps below, you can easily participate in the L1X liquidity offering and gain access to the rewards stated above.
Getting in early is the key.
Connect your wallet to L1X App: Connect your MetaMask to the L1X App – https://l1xapp.com/
Choose your pool: Select USDT/USDC on BSC or ETH networks.
Deposit your stablecoin: Enter the amount you want to contribute (min $50, max $500K). Once deposited, 50% of your stablecoin deposit converts to L1X coins (@ $0.50 each). It is then paired with the remaining 50% stablecoin to create an L1X/stablecoin liquidity pair (BPT).
Approve and confirm transaction: You must approve the transaction in your MM wallet, authorizing the platform access to your chosen stable coin amount. Once approved, you'll then confirm the transaction.
Relax: That's it! Your contribution is converted to L1X/stablecoin pair tokens, unlocking your daily rewards from the reflected liquidity pools chosen from the L1X App platform.
Real-time tracking: Monitor your daily L1X coin rewards in your L1X App Rewards Account. We will automatically add your accumulated L1X coin rewards to your Rewards Account every day until the TGE launches.
Claiming your L1X Coins + BPT tokens: Your L1X/Stablecoin pair tokens are claimable from day one of TGE. You will claim your L1X/Stablecoin pair tokens through daily distributions over 120 days through the L1X App. Ensure you connect the same wallet used for depositing when claiming rewards and tokens.
Trade or stake: After claiming your vested L1X/Stablecoin pair tokens, you can trade, re-stake on the L1Dex for even more rewards, stake them to the Nodes for rewards or use them within the L1X ecosystem.
Join the L1X Multichain Balancer Pool.
Don't miss out! The L1X Liquidity Bootstrap Phase starts February 21st and will last until TGE or when the pool reaches its target volume of $500K TVL cap. Get in early to maximize your rewards.
Share this with your fellow DeFi enthusiasts! Let's build a strong community together.
This is not financial advice. Please do your own research (DYOR) before participating in any investment opportunity.
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