Greetings, esteemed members of the Voltage Finance DAO community,
We’re excited to propose the Voltage Launchpad, an innovative token launch platform designed for the Fuse Network. We invite you to share your opinions and feedback, as we plan to roll this out within the next 3 weeks.
The Voltage Launchpad aims to become the ultimate solution for new tokens seeking to join the growing Fuse ecosystem in the future. By leveraging a unique phased approach, our platform will enable users to partake in the ecosystem’s expansion by staking their VOLT tokens and actively participating in different token launch stages.
The token launch process will consist of three key phases:
1. Deposit Phase (2 Days):
Users will stake their VOLT tokens based on their available allocation credit. The allocation credit will be determined by the user’s VeVolt balance at the time the auction begins. Users will deposit their VOLT tokens into the pool, with the ownership proportion determined by the amount of VOLT deposited. Withdrawal penalties will apply during this phase to prevent price manipulation.
2. Withdrawal Phase (1 Day):
Users unhappy with the TOKEN-VOLT pairing ratio will be able to withdraw any amount of their VOLT stake, albeit with a penalty (initially set at 20%) to discourage rate manipulation. This phase will allow for price correction and unlimited withdrawals for participants to fine-tune pricing.
3. Launch Phase (7 Days):
Tokens in the pool will be deposited into a Liquidity Pair (LP) token on the Voltage Finance DEX, and participants will receive LP tokens based on their share of the launch event pool. These LP tokens will be locked for a short period (3 to 7 days), during which participants may also earn bonus tokens as incentives.
4. Optional Post-Launch:
Liquidity Mining (30-90 Days) - Issuers or protocols will be able to contribute additional tokens as liquidity incentives through the Voltage Finance double reward farms.
The Voltage Launchpad will offer numerous advantages to users, issuers, and the Fuse ecosystem:
- Efficient price discovery
- Fair distribution of new tokens
- Transparency in token launch process
- Liquidity provision for newly issued tokens
- Incentivized participation with potential bonus tokens
We encourage all members of our DAO community to share their thoughts and insights on this proposal. Your feedback will be invaluable as we work towards successfully launching the Voltage Launchpad and creating a vibrant token launch platform on the Fuse Network in the near future.
Looking forward to your comments and suggestions!