Participated in the @yieldbasis raise on @legiondotcc today
Why?
- First type of raise being done on Kraken = inclined/ incentivized that this first sale does well
- By Curve founder, aims to solve an actually long standing pain point in defi (impermanent loss) specifically for Bitcoin LPs
TGE this Oct, 100% unlock, FDV at $200M
Market seems to like these terms as the sale is ~24x oversubbed in first 12 hrs
So in your application make sure you request /commit more as your actually allocation amount will likely be smaller, possibly on a pro rata share basis
How the sale works
Sign up for Legion, pass KYC, connect strongest onchain wallets + social accounts + Github (if your a dev) = your Legion score
Phase 1 (Merit-based on Legion): Up to 40% of tokens for users with a Legion Score
Phase 2 (FCFS on Kraken & Legion): open simultaneously on Kraken and Legion, followed by Kraken listing
You can sign up for Legion here
Sale will be on
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