Lynex - IDO on DAOmaker, Initial MC at 420K, FDV 6M
Limited WL spots!!
Strong partners’ backing by @Consensys and the @LineaBuild team
IDO on DAOmaker
They are launching with only $421K MC 🧵👇
(Bookmark to obtain IDO WL!)
Public Sale WL
Ticker: $LYNX
Initial Market Cap: $421,500
FDV: $6M
TGE and CEX Listing: 15th of February 👀
Token Unlocks: 20% at TGE, then 20% per month
Public round got the best terms and so I have some WL to give (priority goes to my pad subscribers as usual, will have some spots for the masses too)
Give the thread a Bookmark, RT, Comment and Like
Will pick my loyal followers for the IDO
Public: 20% TGE, 1 months lock, 4 months vesting
Strong Traction During Pre-Launch
Pre-launch started on the 16 Aug and they have already seen imrepssive stats:
40,000 Unique Visitors in 28 days
5,000+ wallets interacted with dApp
500+ wallets signed up to allow-list
$300,000+ daily volume at pre-TGE
10,000+ unique testers on testnet
T1 Exchanges and Partners
About Lynex
@LynexFi is a ve33 LST-focused liquidity marketplace comprising of the following components:
DEX
Liquidity vaults
Automated Liquidity Management (ALM) aggregator
Key Features
Concentrated Liquidity Infrastructure - Powered by Algebra
Automatic Liquidity Manager Aggregator - Marketplace for ALM with a set and forget approach by maxmizing APY and protection against IL
Elastic Liquidity Pools - Dynamic fee structure and a concentrated liquidity model. Balancing the incentivization of LP.
ve(3,3) Voting Mechanism - Promote on-chain liquidity and governance participation
zkLynex - First adopter of ZK-SNARKs technology on the Linea introducing a dark pool concept, improving privacy and prevent MEV attack.
Options Liquidity Mining - Liquidity providers earns Options LYNX (oLYNX) tokens where LP enjoy flexibility.
Narratives
Positioning and Growth Timing
Capitalize on Linea's growth, as they achieved a $700M funding and backing by Consensys.
First and only ALM aggregator on Linea.
The only DEX with zk Dark pool technology on Linea.
Market Cap Potential
Launching with inital MC $421k
Drawing parallels with the success of Thena of seeing 15x
Trading Strategy Insight
Lock LYNX into veLYNX to earn epoch rewards and bribe mechanisms
Flywheel cycle by provinding LP to earn oLYNX, convert to veLYNX, and vote in weekly gauges to collect trading fees and bribes, reducing LYNX selling pressure.
Roadmap
2023 Q3:
Partnership with Thena, Algebra
First ALM integration with Gamma Strategies
Limit orders and stop-loss .
Integrate single-sided deposits with ICHI
2024 Q1:
Initial Liquidity Incentives and Bribes Program
Auto Bribing Module $LYNX can be supplied and borrowed
Launch Options token as a service.
2024 Q2:
zkLynex: Zero-Knowledge MEV Protected Swaps.
Fiat On/Off Ramp
Strategy insights, impermanent loss analysis, and yield projections.
2024 Q3:
Integrate Liquidity Bins
Introduce Cross-Chain Swaps
Community-Driven Ecosystem Fund
Integrate Yield Insurance
2024 Q4:
AI-Driven ALM Solutions
Account abstraction
Release Lynex SDK for Developers
And Beyond:
Launch Lynex Derivative Products: Futures and options trading.
Empower community involvement in significant protocol upgrades through voting.
Organize Lynex Hackathons
Expand into Institutional Services
More cross-chain interactions.
Lynex (LYNX) revenue streams
Lynex generates revenue from trading fees.
More volume more fees, more LYNX locked to compete over these revenues and decreasing LYNX circulating supply.
Lynex has a list of partners that will supply yield-bearing assets as liquidity on Lynex (QiDAO, Davos, Ledgity, Overnight). These assets will accrue value, part of which will also be added to our DEX revenue in the form of locking and voting incentives.
Swap Fees - Treasury holds veLYNX tokens to optimize liquidity and collect swap fees. These fees are used for various operational activities, such as LYNX token buybacks and burns, bribing core pools, and funding development efforts.
Emissions and Treasury Allocation - 4% portion of the emissions is allocated to the treasury.
Tokenomics
$LYNX have a range of utilities:
Better discounts on Options LYNX: Holding $veLYNX will give liquidity miners enhanced discounts on their $oLYNX claims.
Governance Participation: Lock $LYNX holders to obtain $veLYNX for governance
Voting Rewards: $veLYNX voting entitles voters to fee distribution and bribes.
Emissions directions: $veLYNX voters get to vote on weekly protocol emissions and rewards
Liquidity Mining: Users can acquire $LYNX and pair it with other assets to earn $oLYNX
Collaterals: $LYNX tokens can be used as collateral
Here are some important sale terms you need to know:
Public: 20% TGE, 1 months lock, 4 months vesting
Strategic/KOL: 15% TGE, 6 months lock, 0 months vesting
Private: 10%, TGE, 6 months lock, 24 months vesting
Seed: 10%, TGE, 6 months lock, 24 months vesting
Lynex Team
Apeguru - CEO & Founder, Co-founder of ApeSwap
Krugo - Head of BD, Austrian economist turned crypto degen since 2016
Bronnie - Head of marketing, with 6 years of experience in Digital marketing
Apetastic - Solidity dev and head of security
Partners
Advisors:
Simon Yi - Founder of Myosin - Previous: Growth Hacker at Consensys
Mauvis Ledford - Head Advisor at BitNinja Web3 Advisory - Previous: CTO at Coinmarketcap
Zeb - Senior Analyst at Cyber Capital - Mentor at Outlier Ventures - Previous: Grant Lead at Balancer
Elliot Meijer - CEO at Decubate
Partners:
StakeStoke - Omnichain LST
Overnight - Omnichain CDP
QiDAO - Omnichain CDP
Davos - Omnichain LST Stablecoin
Orbs - DeFi utilities layer 3
Apebond (Ex ApeSwap) - Multichain bonding protocol
Twitter: https://twitter.com/arndxt_xo/status/1755979897082941777