Liquidity Generation Event(LGE)
Users who deposit USDC into the LGE contract at any time during the LGE will be apportioned a proportional share of the LGE regular allocation. (3,2% of the total supply of SONNE)
As an additional incentive, users who deposit during the first day will be apportioned a proportional share of the LGE bonus allocation. (0,3% of the total supply of SONNE)
Claimable SONNE will be based on share of the total deposits at the end of the bonus period. There is no front-running and being first or last to deposit for either distribution doesn't matter.
After the LGE event ends, 3,5% of the total supply of SONNE will be claimed by users who participate in the event.
With these conditions, LGE participants will receive 28% more tokens than they paid for.
(For example, if you participated with 100 USDC, you'll receive 128USDC worth of SONNE tokens at launch.)
The LP tokens received by the LGE contract will be locked in the LGE contract for a minimum of 180 days, ensuring plenty of early liquidity. After the lockup period ends, LP tokens will be transferred to the protocol reserves, where the strategy for their usage will be at the discretion of governance.
LP tokens will be staked on Velodrome to earn VELO. 100% of the earned VELO will be distributed to SONNE stakers.