$HLDR will be distributed via the Liquidity Bootstrapping Pool (LBP). The LBP launch is scheduled for 2:00 pm UTC on 14 December 2022 and will last 48 hours.
An LBP is a pool built specifically for launching new tokens. It removes flaws of individual caps, whitelisting, and bots. The main feature of LBPs is continuous sell pressure: the price slowly decreases until it finds a buying pressure(a fair market price).
Holders can lock $HLDR on vesting to yield from protocol fees, control $HLDR inflation, and gain on the bribes market.
Early supporters can secure their NFTs by participating in the LBP event minimum of 50$, following Holdr.fi on Twitter, retweeting the LBP announcement, and tagging 3 friends.
An LBP is a type of pool designed specifically for launching new tokens. It's a programmable smart pool where the weights shift over a predefined period, creating constant downward pressure on the price of the new token.
In practice, you get a pool where the price of the new token automatically decreases during a set period of time until it finds a strong buying pressure – a fair market price.
For more detailed information on LBPs, we recommend you have a look at the following content:
LBPs are a fundamental technology that allows builders to launch new tokens in a safer and less aggressive fashion. We are excited that the $HLDR launch by itself is a showcase of Balancer's innovation and value for the Aurora ecosystem.
In a Liquidity Bootstrapping Event, the price starts high and declines slowly over time, giving the opportunity to buy in when a fair market price has been reached.
Question: Can the price not go down?
Answer: At some point, if there is enough buy pressure, the price will not necessarily go down.
$HLDR is a token of the first Balancer Friendly Fork on Aurora. Anyone can be part of the Holdr Governance Process, and anyone with $HLDR voting power can vote on proposals.
Holdr utilizes veHLDR (vote-escrow HLDR) — a vesting and yield system based on Curve’s veCRV mechanism. Meaning you can lock $HLDR on vesting to yield from protocol fees, control $HLDR inflation, and gain on the bribes market. (Read more)
Connect your Metamask wallet. (Make sure you are on the Aurora+ network)
Use the “SWAP” interface in the middle.
Input an amount of USDC you desire to swap for $HLDR
Click “preview” trade.
Approve trade.
If you don’t have any tokens on the Aurora+ network, then check out how to transfer them to the Aurora network:
Bridge from other chains:
Open Rainbow bridge or Celer bridge and connect your wallet(Rainbow is free, but you can bridge only between Ethereum, NEAR and Aurora, while Celer bridge allows you to bridge between many different chains and takes a small fee)
Select the source chain and select Aurora as the destination chain
Insert the amount of USDC you want to bridge and approve the transaction
Bridge from CEX:
Buy NEAR tokens on a centralized exchange (in the amount of USDC value you want to transfer)
Withdraw your NEAR tokens from CEX to your crypto wallet (select NEAR chain, use your NEAR wallet)
Bridge NEAR tokens to the Aurora network using Rainbow bridge
Now, when you have NEAR tokens on Aurora, go to Trisolaris DEX
Make a swap: from wNEAR to USDC
Buy AURORA with debit/credit card and swap for USDC (the most expensive option):
Go to Aurora.plus dashboard
Sign up if you don’t have an account
Click the “Buy Aurora | Visa, Mastercard” button
Insert the amount of USDC you’re willing to buy and finish the payment
Now, when you have AURORA, go to Trisolaris DEX
Make a swap: from AURORA to USDC
To celebrate the launch and acknowledge our community we are going to drop unique Holdr NFTs. Early supporters can secure their NFTs by:
Participating in the LBP event (min cap 50 USDC)
Retweeting current announcement
And tagging 3 friends.
The drop will happen within 2 weeks after the LBP. Don’t stay aside, get the Holdr hand!
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