Hey Derps, we had a blast during our testnet and beta mainnet shenanigans, but brace yourselves for a whole new level of derpy awesomeness in DerpDEX! 🚀 Get ready for more memes, more rewards, and smashing those milestones like true degens as we become the ultimate memelicious DEX! Let’s send DerpDEX to the moon, derps! 🌝
🤔 But first…what is the Genesis Launch?
Welcome to the wildest 69-day (we know that you know what this means!) Genesis Launch in DerpDEX, where we're turning the liquidity game into a degenerate playground for all you early adopter legends! 🎉 We've cooked up some insane pools to get the party started even before our epic $DERP token hits the dance floor! 💰
Highlights to take note!
Campaign Duration: August 1 - October 9, 2023 = 69 DAYS
Yes 69. We are degens and we know it.
🔎 12 whitelisted pools for Genesis Launch campaign
Token whitelisted for trading competition
-
ETH/WETH: https://app.derpdex.com/#/swap
-
PEPE: https://app.derpdex.com/#/swap?outputCurrency=0xfd282f16a64c6d304ac05d1a58da15bed0467c71
-
zkDERPINA: https://app.derpdex.com/#/swap?outputCurrency=0x8574852F548351aD5fE7f712009362997c1d14Bb
-
FLOKI: (added from week3) https://app.derpdex.com/#/swap?outputCurrency=0xAA610193768223438866AD9e1973447d76e4Cf4A
-
SHIB: (added from week3) https://app.derpdex.com/#/swap?outputCurrency=0x5B09802d62d213c4503B4b1Ef5F727ef62c9F4eF
-
BALDER: (added from week3) https://app.derpdex.com/#/swap?outputCurrency=0xae9aa7beeb2e724969dfc7b381c5c19578c52663
-
CHEEMS: (added from week3) https://app.derpdex.com/#/swap?outputCurrency=0xd599da85f8fc4877e61f547dfacffe1238a7149e
-
ETH/WETH (BASE chain): https://app.derpdex.com/#/swap?outputCurrency=0x4200000000000000000000000000000000000006
-
USDbC (BASE chain): https://app.derpdex.com/#/swap?outputCurrency=0xd9aaec86b65d86f6a7b5b1b0c42ffa531710b6ca
-
DAI:https://app.derpdex.com/#/swap?outputCurrency=0x50c5725949a6f0c72e6c4a641f24049a917db0cb
-
BRICS+: (added from week5): https://app.derpdex.com/#/swap?outputCurrency=0x66F2D384fDD37849Fc58856F247C5629486E7CC
-
VS (added from week8): https://app.derpdex.com/#/swap?outputCurrency=0x5756a28e2aae01f600fc2c01358395f5c1f8ad3a
-
BNB (added from week9): https://app.derpdex.com/#/swap?outputCurrency=0x4200000000000000000000000000000000000006
-
fdUSD (added from week9): https://app.derpdex.com/#/swap?outputCurrency=0x50c5725949a6f0c72e6c4a641f24049a917db0cb
LP Pools
-
USDC/ETH - https://app.derpdex.com/#/add/0x3355df6d4c9c3035724fd0e3914de96a5a83aaf4/ETH/3000
-
PEPE/ETH - https://app.derpdex.com/#/add/ETH/0xfd282f16a64c6d304ac05d1a58da15bed0467c71/10000
-
ZKDERPINA/ETH - https://app.derpdex.com/#/add/ETH/0x8574852f548351ad5fe7f712009362997c1d14bb/10000
-
ETH/USDbC (Base chain) - https://app.derpdex.com/#/add/0x4200000000000000000000000000000000000006/0xd9aaec86b65d86f6a7b5b1b0c42ffa531710b6ca/3000
-
USDT/BNB (opBNB Chain)- https://app.derpdex.com/#/add/0x9e5aac1ba1a2e6aed6b32689dfcf62a509ca96f3/BNB/3000
😵 The Three Categories in Genesis Launch
TLDR;
*How to join and what to expect
🫡 GENESIS MINING
At DerpDEX, we've got the secret sauce to supercharge LP gains and boost that APR% like crazy! By depositing your capital into DerpDEX, not only will you enjoy better pricing and minimal slippage, but we're also serving up some extra juicy yields on top of it all!
At DerpDEX, we know that our LPs are the backbone of our success, and we'll do whatever it takes to keep this precious partnership going. As long as you keep bringing the heat, we'll keep rolling out the red carpet for the LP gang.
a. Flexible withdrawal anytime but with slashing reward.
IF withdraw at 1st week after deposit, 50% slashing reward to burn
IF withdraw at 2nd week after deposit, 25% slashing reward to burn
only burning the reward from the withdrawal amount; ie. IF user deposits $1000, but withdraws $500 within the 1st week, then 50% slashing reward from the $500 portion of the APR%.
b. Reward and APR calculation:
Total reward amount = token deposit value / pool share * total rewards of the pool
Total APR = reward amount + APR of the pool
c. You need to provide liquidity to meme token pools with 1% fee tier or USDC/ETH pool with 0.3% fee tier or 0.01% fee tier to be eligible for genesis launch campaign
d. Recommend to swap below $1,000 for USDC/USDT, 0 Protocol Fees & 100% fees generated goes go to LP
🙂 TRADING COMPETITION
Calling all traders and meme lords!🤑 Get ready to pump up that trading volume on DerpDEX and make us the numero uno trading volume DEX on zkSync!
We're dishing out some serious incentives to make this happen 😀Come join the party, enjoy the most meme-able trading experience, and let's conquer zkSync together!
a. Total calculation restarts weekly. Any trader can win 10 weeks as long as they are in the top 30 weekly.
b. Trading on the whitelisted pools as stated above.
c. Calculated based on total weekly trading volume per unique wallet address.
d. Weekly top 30 winners will share the 3%. Calculation:
Total reward $300,000 / 30 winners * 10 weeks
e. Weekly snapshot on every Wednesday, 12 am GMT+8. Reward distribution spread linearly.
Trader rank no1: $1,935
Trader rank no2: $1,871
Trader rank no3: $1,806 ……
Trader rank no 29: $129
Trader rank no 30: $64.50
😮 TOP LOSERS AWARD
Fret not, fellow traders! At DerpDEX, even if you've had a bit of a "Derp Moment" in trading and didn't come out on top, you're still a winner in our eyes! 🏆Unlike most DEX and CEX platforms, we're all about celebrating the spirit of trying and having fun, whether you win or lose!
a. Total calculation restarts weekly. Any trader loses in 10 weeks as long as they are in the top 10 weekly losers will qualify too.
b. Trading on the whitelisted pools as stated above.
c. Calculated using weekly unrealized loss on P & L of the wallet address portfolio.
d. Weekly top 10 losers will share the 0.5%. Calculation:
Total reward $50,000 / 10 losers * 10 weeks
e. Weekly snapshot on every Wednesday, 12 am GMT+8
Let's show the world that at DerpDEX, we celebrate every trader's journey, no matter how derpy it gets!
ON TOP OF THAT, DerpDEX will also reward the top 3 losers with additional real-world gifts!! Woohoo!! Talk about celebrating losers. Beat that, Binance!
💪Weekly top 3 losers will win additional gifts such as Spongebob Plushies, Apple Airpods and more. IF the top 3 losers decided not to redeem these real-world prizes, we will donate these prizes to our marketing interns for their hard work! /joking. 😂
We will send it via Amazon delivery or the top 3 losers can redeem the prizes at 80% of market price in USDT or USDC in bep20. */really.*😎
📚 We didn’t forget the instructions, most of all.
Adding Liquidity to the pool allows Liquidity Providers to earn interest on their assets. Anyone can provide liquidity to DerpDEX for any supported token pool.
In DerpDEX, a swap refers to the process of exchanging one ERC20 token for another ERC20 token. The tokens are swapped based on the current liquidity (the value of tokens) in a specific token pool. If the token pool is present in the DEX, the tokens will be swapped directly from the pool.If you need more guide, check out https://derpdex.gitbook.io/home/
🥁 The Airdrop Distribution!
The airdrop distribution will be released on Q4 of 2023. Users would be able to claim it from the Airdrop page at derpdex.com website. The airdrop is stackable.
Wen TGE? Check out the details here
We hope your derpy minds are as much as excited as we are, because we are excited to give out that rewards you deserve. So sit back, and get ready to join this fun-tastic and derpy ride to success!
Got Questions?
You can open a ticket on our Discord server so we can help you in a timely manner.
😙 About DerpDEX
DerpDEX combines the best of web3: the perfect blend of “DeFi + memes + NFTs” powering the meme movement on L2 zkSync network. By restoring the old glory of derps as internet sensations designed to entertain degens worldwide, we are making derps great again.
Trade, earn, stake, and launch crypto with the most ̶a̶u̶t̶i̶s̶t̶i̶c̶ best DEX on the internet.
Make derp great again! 😉