Final Countdown
The Liquidity Launch Event (LLE) is drawing to a close in just under three days. Participants have already contributed over $6 million in USDB and $3.5 million in MIM, setting the stage for the launch of Abracadabra's innovative stableswap AMM with these contributions being transformed into Magic Liquidity Provider tokens (magic LPs).
Lock & Loaded!
An impressive 95% of all staked assets are set to be locked, granting participants a 20-fold boost in points during the LLE. This has led to the distribution of 25 million points among participants so far, with the vast majority benefiting from the 20x points boost due to their decision to lock their funds. As a token of appreciation for their commitment, participants who lock their funds for the LLE will be granted a Founder Boost when MIMSwap officially launches. We want to continue to reward our most loyal users even after the launch of the platform.
However, it's crucial to note that only those who stake and lock their assets in the LLE can unlock this Founder Boost. With only 2 days and 16 hours left, the opportunity to achieve Founder status on MIMSwap is quickly narrowing.
How to Achieve Founder Status: A Step-by-Step Guide
For MIM Holders:
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Purchase MIM: Explore major pools on Arbitrum or Ethereum. Arbitrum is recommended for its lower gas fees. Use Curve.Finance to swap stablecoins for MIM, or Camelot to exchange ETH for MIM.
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Bridge MIM: Utilize the native Beam function for a fast and cost-effective cross-chain transfer with a nominal $1 Beam Fee. Navigate to the Abracadabra Beam page and select the appropriate networks to transfer your MIM to Blast.
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Stake and Lock MIM: Once your MIM arrives on Blast, visit the LLE page, select the MIM tab, toggle the Lock and Boost Switch, enter your MIM amount, and confirm your stake and lock action.
Ensure you have ETH on Blast for transaction fees, or use the Beam function's Gas on Destination Chain feature.https://x.com/0xWicked/status/1767502910554833220?s=20
For USDB Holders:
Simply stake your USDB directly on the LLE page. Locking your USDB not only multiplies your boost by 20 but also qualifies you for the Founder’s Boost upon MIMSwap's launch. Its the simplest way to participate in the Liquidity Launch Event and receive the Founder’s status for the upcoming stableswap!
The DAO's Appreciation
The DAO expresses profound gratitude for the unwavering support towards the LLE, emphasizing its aim to reward early supporters who are instrumental in bootstrapping MIMSwap with necessary liquidity.
These 'Founders' are promised a perpetual boost to their LP rewards, ensuring they receive the highest possible yields, points, and airdrops as part of the MIMSwap protocol. This Founder's Boost is a one-time offer, exclusively available to LLE participants before the event concludes, underscoring the unique opportunity to benefit from this initiative.