Liquidity Mine Drachma
Drachma, like Agora, is made by Metis users for Metis users. This will be a full fair launch token with no VCs, privates or team allocation. 100% of the tokens will be used to incentivise liquidity for the pools on Drachma as well as the Drachma token itself. We will be kicking off the platform with a liquidity mining event for all to participate in.
Full Fair Launch Tokenomics
Fixed Total Supply
Protocol Owned Liquidity
Privates + VCs + Team
More than a Stable Swap
Drachma will evolve into a Uniswap V3 style AMM that offers protection against impermanent loss for LP providers. This will also provide up to 40X the capital efficiency over Uni V2 AMMs whilst providing the same ease of use interface. LP tokens will also be composable/fungible which will allow them to be use as collateral and easily borrowed against.
Ultimately this means:
- More fees for LPs
- Impermanent loss protections for LPs
- Higher efficiency for traders
- Composable LPs for more DeFi applications