Like PerpDex but sick of just GMX forks?
What if @LionDEXOfficial built GMX's X4 proposal of PVP AMM?
Like PerpDex but sick of just GMX forks?
What if @LionDEXOfficial built GMX's X4 proposal of PVP AMM?
Lets have a look at their protocol & the $lion / NFT launch on 1st April
TLDR
LionDEX is Perp Dex that adopted GMX X4 "PvP-AMM" & this thread focus in analysising token/nft sale
📌In this thread
1️⃣ What is LionDex
2️⃣ What is PvP AMM
3️⃣ Their NFT & Token launch
4️⃣ Summary & how lambro will play it
1️⃣ What is LionDex
LionDEX is PerpDex with PvP-AMM pool design.
💻Traders like it because
🔹Quick execution with no trading spreads
🔹Lower LP price fluctuation
🔹More pairs & asset available
🫗Liquidity provider
Increased capital efficiency for traders promotes more fees & more yield for LP.
You can find out details on @ArbiAlpha 's thread
2️⃣ What is PvP AMM
I have to admit, i am not confident to say I fully understand the PvP model.
but my bro @NintendoDoomed ,one of the guys i have most respect in breaking down perpdex made a great thread about it
3️⃣ Their NFT & Token launch
📌Tokenomics
Initial Liquidity 3%
Launchpad IDO 10% 🔓no vesting
LionDEX NFT 10% 🔐180days linar vesting
Protocol growth incentives 50% ❓
Developer Fund 20% 🔐linar over 24 months
Consultant Fees 5% 🔐linar over 24 months
Aidrops 2%
📌Token Launch Detail
🔹Allocation to IDO: 100,000,000
(34,000,000 LION + 66,000,000 esLION)
🔹IDO Percentage: 10% of total supply
🔹Price: 0.02 USDC (20m FDV)
🔹Total Raise Amount: 2m USDC
🔹Participation Criteria: Fair sale without barriers to entry
🔹Start Time: April 1 2023, 12:00 UTC+0
🔹End Time: April 3 2023, 12:00 UTC+0
📌LionDEX Genesis NFTs
🔹 Max Supply: 2,000
🔹Price: 900 USDC
🔹Total Raise Amount: 1.8m USDC
100% of the fund will be allocated to mint initial LP as early stability pool for PvP-AMM trading protocol, which is vested in the Protocol Treasury as part of the protocol’s asset
🔹Each NFT can be staked for 1000USDC worth of token over 180days
🔹Each NFT comes with approx 1500 free trading fee deduction
🔹Goverance & Airdrops
🔹NFTs acquired through Launchpad sale can be used to redeem LP of equivalent value to the USDC invested within 30days
Fully Disclaimer LionDex is my sponsor but was open for me to write at my own view on their token sale.
4️⃣ Summary & how lambro will play it
📌Token Sale thoughts
📖Market reference
Initial Mcap for GMX forks
@MorphexFTM $mpx 18m mcap
@mummyftm $mmy 7m mcap
@MetavaultTRADE $MVX 6.3m mcap
@ede_finance $ede 700k mcap
$lion initial mcap is 1.28m without "protocol growth incentive"
For every 100usd u invest u get 34 $lion & 66 $eslion which can be vested over 180days, so u need 3x to recuperate ur inital
📌Summary on Token Sale
Interesting potential low cap play as it uses a new PvP AMM model, with most more successful GMX forks mcap around 5m+
If we assume "protocol growth incentive" emission is not too aggressive it can be an interesting play n room for "pump"
However i'd love to have the @LionDEXOfficial team clairfy or set the "protocol growth incentive" more clearly
📌NFT Sale thoughts
Low risk play for exposure.
the redeem within 30days as long as the LP preform ok. its low risk play, if it pumps sell the nft before 30days, if not redeem it for LP worth of money.
If u are going to be a trader on the platfrom u can stake for fee reduction or stake for tokens, which can be a cheaper way to best "vested" token if u are bullish on the token.
🐑Big Summary
I like new things, if u are the type that are degening to the latest fork or farms and looking to speculate primary market i think this is a relatively good risk n reward bet. New model, actual product why not.
thinking from a short term toxic investor point of view
if u token price can 3x with 1.28mcap then u just sell n see how does the vested token do.
From a safu investor point of view
PvP new model are unproven a lot of people are talking about liondex but are they traders?
I personally might degen in small size depending on my mood n market direction.
If their "protocol growth incentive" is set i will feel more comfortable aping.
In saying that if their "protocol growth incentive" is good, then i might just go farm their growth incentive!
Thanks for reading guys!
