Amara Finance aims to be the top lending protocol within the Polkadot ecosystem, and the go-to hub for interconnectivity and lending.
Solarbeam will be hosting Amara Finance IDO on 17th Jaunuary 2021. The timeframe to participate will be from 13.00 to 19.00 UTC. Amara’s finance token is $MARA and it will be used on their upcoming lending/borrowing platform. You’ll be able to lock your MARA to have a share over the income of the platform and boost your borrow and mining rewards.
The total raise will be $300,000 and it will be splitted between the basic and the unlimited pool on Eclipse. There are 600,000 MARA tokens to be distributed at the price of $0.5 per MARA token. The first batch of your allocated tokens (20%) will be given when Amara launches its platform in late February. Over the course of 5 months after launch, you’ll be able to claim an additional 16% each month.
In order to be eligible for participation in Amara’s IDO you will need to lock some of your Solar in either the vaults or on our new staking feature, veSolar. A minimum of 50 Solar is required to be eligible. There is no time limit on when to lock your Solar, you can even lock them during the IDO.
ABOUT Amara Finance
Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world.
Solarbeam is a decentralized exchange, providing liquidity and enabling peer-to-peer transactions on the Moonriver Network