Key points:
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Participate Sonic Boom ~$45M airdrops (Sonic is previously Fantom)
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Swap, add/remove LP on BrownFi AMM - Sonic testnet
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BrownFi’s incentives and referral program
Sonic Boom
Sonic is rebranded from Fantom, building a new EVM-compatible layer-1 with scalability and a native bridge to Ethereum. Sonic Boom is a unique bounty program rewarding 190.5M $S airdrop (1S ~1FTM) for building apps & growing communities on Sonic. Currently, Sonic is in testnet phase, hence users can examine apps on its testnet with zero cost. Crypto users should participate BrownFi testnet on Sonic testnet to get airdrop in the future. BrownFi AMM is deployed on Sonic testnet, opening 2 swap pairs:
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S/DIAM is equal FTM/USD
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S/CORAL is equal FTM/ETH
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Faucet tokens (S, Diamond, Coral) at https://testnet.soniclabs.com/account
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Add/remove liquidity and swap tokens on BrownFi AMM testnet
User incentives
Community-centricity is one of BrownFi’s core values. All airdrop & community rewards from Sonic Boom airdrop and Sonenium incentives (if BrownFi receives) will be distributed to the community as follows.
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70% to ordinary users, weighted by onchain reputation scores, social engagement, etc. Details will be announced later.
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15% for the referral program (up to 2 levels).
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5% reserve for unforeseen distribution (likely to community leaders/KOLs or adding to referral programs, etc). Leaders/KOLs should contact the BrownFi team for verification and approval, otherwise, they will be considered as ordinary users.
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10% for other marketing purposes.
Regarding referral program, you simply connect your wallets on https://testnet.browndex.io/ to obtain referral links, then invite your friends to use BrownFi AMM testnet. More users you refer, more rewards you will receive. However, all users MUST actively interact with BrownFi AMM protocol (add/remove LP, swap tokens on Sonic testnet, and/or Sonenium Minato testnet) to be ELIGIBLE for airdrop and referral program.
REMARK: users should create new wallets to interact with BrownFi AMM on testnets. This is to avoid scam and phishing attacks, affecting your real assets on mainnets.
Onchain activities are a key factor to weight airdrop amount in the future. Onchain reputation score is aggregated on multiple wallets and multiple chains that users own and interact with. More onchain activities, higher reputation and better rewards. BrownFi incorporates adaptive Pagerank to score onchain reputation and machine learning algorithms to prevent Sybil attacks. This is to protect real users, guarantee fairness among users and contributors.
BrownFi’s retros & token incentives: Independently from the Ecosystem’s incentives, BrownFi has its own airdrop and retros, which will be announced later. Again, community centricity is our core value.
ZERO cost, ZERO risk to interact with BrownFi AMM on testnets, but you EARN airdrops, gems and many more rewards.
About BrownFi AMM
BrownFi is developing an innovative AMM based on oracle-price, offering high capital efficiency (100X Uniswap V2), flexible market making and simple UX for average LPs. BrownFi AMM is to fill the gap between Uniswap V2 & V3 models, saving LPs from huge lose and serving average LPs with the best UX and optimal returns.
BrownFi won 1st prize - DeFi track at Openbuild-Starknet hackathon, received Seed Grant from Starknet Foundation and Developer Grant from Dfinity Foundation.
BrownFi AMM’s advantages:
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Price ambience: NO out-of-range like Uniswap V3, Maverick, TraderJoe
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Resistance to arbitrage & sandwich attacks
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High capital efficiency (100X Uniswap V2)
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Adjustable liquidity concentration and simple LP management
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Save average LPs from high IL, offering optimal returns
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One-sided liquidity provision at protocol-level
