Aquarius Finance Overview And Airdrop Program
Aquarius is a fork of the Liquity protocol in the Fantom network. Aquarius has the features and benefits consistent with the Liquity protocol. Aquarius does not run its own web interface. Instead, the protocol can be accessed via third-party frontend operator. Anyone can easily run a frontend by using the launch kit or SDK and by doing so, earn a share of the Stability Pool rewards.
Core Feature
By staking FTM assets, Stablecoin (aUSD) of zero interest-fee is minted to improve capital utilization.
Token (AQU) holders can earn aUSD (Borrowing fee), FTM (Redemption fee) and AQU (Transfer fee).
Benefits
Frontends earn a share of the 32,000,000 AQU being distributed to users based on the frontend’s kickback rate and the total rewards accrued by its users.
Tokenomics
$AQU is the secondary token issued by the Aquarius. It captures the fee revenue that is generated by the system and incentivizes early adopters and Frontend Operators.
Mechanism
- 2.4% of transactions will be sent to the AQU stakers
- 2.5% of transactions will be exchanged to LP tokens and added in the AQU-FTM Pool of SushiSwap.
- 0.1% of transactions will be burnt
Whitelist
Stake/Unstake AQU in AQU Pool
Withdraw AQU from Stability Pool
Remove AQU-FTM – LP in SushiSwap
- Transfer from Multi-Sig wallets
AIRDROP PROGRAM
17% airdrop to LQTY holders
3% Liquity core team
- We are seeking an official license from Liquity. Tokens will be locked in multi-sig-address. The airdrop plan will be released within the first 15 days following the Aquarius’ authorization. If the authorization does not happen in the first six months, these tokens will be destroyed.
There will be 1,000.00 AQU tokens to the community! 200 random users will get 5 AQU each. the event runs from 22nd-27th May 2021.
RULES
- In order to prevent malicious robots, please make sure that the FTM balance in the address you submit is greater than 10.
- The winners will be displayed on Airdrop Page
- The AQU will be sent shortly after launch
ABOUT AQUARIUS FINANCE
Aquarius Finance is a decentralized borrowing protocol with interest-free loans, high capital efficiency. It is a fork of the Liquity protocol in the Fantom network
