Fair Launch
Upcoming Vampire attack and fair price discovery phase
DegenHive's launch consists of 2 phases,
Phase 1 (9 days) - Vampire attack on existing DEXes on Sui network. Designed to bootstrap liquidity in DegenHive's AMM pools and Liquid staking impl. via degenSUI
Phase 2 (9 days)- Centered around community led price discovery of BEE and HIVE tokens
Phase 1 (Vampire attack)
Users have two paths to participate in Phase 1 and earn a share of 8% of the HIVE supply:
Lock SUI: Lock your SUI tokens for a chosen duration to help bootstrap DegenHive's Liquid staking impl.
Deposit LP Shares: If you're already providing liquidity on Cetus, Kriya, or FlowX, you can deposit your LP shares (NFTs or tokens). Your liquidity will be automatically migrated to DegenHive's AMM pools, and you'll receive HIVE as a reward for participating.
Rewards for Participating in Phase 1:
LP shares: Receive pro-rata LP shares of the corresponding DegenHive AMM pool, claimable after your chosen lockup period ends. These represent your ownership in the pool and entitle you to a portion of its fees.
HIVE Tokens: Earn HIVE tokens, which can be used for participation in Phase 2 (Infusion) or claimed once the platform is live.
LP staking rewards : Earn BEE and HIVE as LP staking rewards along with 3rd party rewards (if any)
Phase 2 (Price discovery)
Phase 2, or the Infusion phase, focuses on establishing fair prices for HIVE and BEE tokens while bootstrapping liquidity for the SUI-HIVE and SUI-BEE pools. This phase lasts for 9 days, with participation mechanics similar to Phase 1.
Participating in Phase 2: Infusion
Users can contribute to Phase 2 by depositing HIVE tokens earned in previous phases (Airdrop or Lockdrop) or by depositing SUI. Note that once deposited, HIVE cannot be withdrawn until the end of Phase 2.
Rewards for Participating in Phase 2:
SUI-HIVE LP Shares: These are granted pro-rata based on the amount of HIVE and SUI deposited. These shares vest linearly over 9 months, ensuring a gradual release of liquidity and promoting long-term commitment to the platform.HIVE Rewards: Additional HIVE tokens are awarded as participation incentives, claimable after the platform is live
BEE Rewards: Users who deposit SUI during this phase receive a share of BEE's 15% supply.
Staking Rewards: Participants will also receive BEE and HIVE staking rewards from HIVE-SUI LP tokens, along with any additional third-party rewards associated with their deposited assets.
Price Discovery
The final ratio of HIVE to SUI and BEE to SUI within the pools at the end of Phase 2 establishes the initial trading price for HIVE and BEE tokens. This community-driven mechanism ensures a fair and transparent price discovery process.
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