A frontrunning-resistant DEX built around privacy
$PLMR #airdrop is coming to $SCRT, $JUNO, $OSMO, and Sifchain addresses from @polymer_labs
- emphasis on DEX participants / LP Providers
- launch in August (?)
- snapshots and other details TBD
Polymer.fi is an upcoming Balancer-like AMM on the @SecretNetwork
@polymer_labs Testnet V1 is officially live on @SecretNetwork - Swap, LP, or Experiment with testnet assets. Join Discord to participate.
Polymer.fi is the first Balancer-style DEX to exist on Secret Network. Polymer aims to streamline the process of privately swapping both native and bridged assets, with weighted and stable asset pools.
At launch, 5% of the
PLMR token supply will be airdropped to addresses on Secret Network, Juno, Osmosis, and Sifchain. The airdrop specifically targets addresses that are active DEX protocol participants in the Cosmos ecosystem, especially liquidity providers. The goal of the airdrop is to incentivize major LPs on Cosmos chains to switch to Polymer for more sustainable yields, private transactions, and easier portfolio management / tracking. Once the airdrop snapshot is taken, users will be able to clam
PLMR tokens by interacting with Polymer's contracts on Secret Network.
We will incentivize early LPs on our DEX with
PLMR token rewards. Unlike other DEXes, rewards will be non-inflationary and available for a brief period of time. A fixed supply of
3,150,000 $PLMR will be distributed across a 3-week timeframe following the mainnet launch, with the goal of bootstrapping initial liquidity from a variety of cross-chain sources.
We're building Polymer.fi with an emphasis on...
|5%||Cross-chain Cosmos airdrop to incentivize new users||Instant, at launch|
||N/A, owned by the protocol|
|63%||Liquidity Mining||Logarithmic, spread across 2-3 weeks after launch. Fixed supply, no continuous minting.|
|12%||Development Team||Linear, spread across 4 years|
|10%||Community Treasury (Grants)||Linear, spread across 2 years|