DeFi Land is Launching on AcceleRaytor

1. DFL AcceleRaytor Public Raise details:

Eligibility and pool details:

  • Allocation will be determined by a lottery system.
  • Allocation for one winning lottery ticket: 70 USDC
  • There will be two snapshot deadlines to determine ticket allotment.
  • Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 100 RAY staked — up to a maximum of 5 tickets. Staking more than 500 RAY will still receive 5 tickets maximum.
  • 7-day staking deadline: November 17, 12:00 UTC
  • To reward longer-term Raydium holders, users that are eligible for the 30-day deadline will receive additional tickets on top of any received for the 7-day deadline.
  • Eligibility: At least 50 RAY staked 30 days prior to the 30-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Alice has had 2,500 RAY staked before the 30-day deadline. She will receive 12 tickets — 5 for the 7-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment, and 2 additional for each 1,000 RAY staked.
  • 30-day staking deadline: October 25, 12:00 UTC (snapshot already taken)

How does it work?

  • Example: Alice has 12 tickets as the above example. Bob staked 300 RAY before the 7-day deadline and will receive 3 tickets.
  • Alice deposits 840 USDC, her maximum, to ensure that all 12 of her tickets are entered in the lottery. Bob deposits 140 USDC even though he has 3 tickets because he needs the extra 70 USDC to buy Alice a cool NFT that is dropping that day. In Bob’s case, only 2 of his tickets will be entered in the lottery.
  • Example: Alice has 1 winning ticket and will receive a 70 USDC allocation. Bob does not have any winning tickets, better luck next time, Bob.
  • Example: Alice claims her 770 USDC and Bob claims his 140 USDC after the lottery concludes. Alice must wait for the DFL IDO to claim her DFL.

2. DFL IDO on Raydium:

How does it work?

  • Raydium will launch a DFL-USDC liquidity pool (LP), after which trading will be live on the Raydium Swap interface.
  • (UPDATED) To further reduce the impact of bots on the DFL-USDC liquidity pool launching Nov 24, 16:00 UTC, Raydium will fill all swaps through the Serum order book initially. Once Raydium’s AMM establishes a price on Serum, internal pool swaps will open.
  • Participants with winning tickets for the AcceleRaytor raise pool will also be able to claim their tokens at approximately the same time that the DFL-USDC LP launches.
  • Users will also be able to add liquidity to DFL-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in DFL tokens.
  • Reward emissions on the Fusion pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the Fusion pool for yield farming.

What is DeFi Land?

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