Mercurial Finance Launching on AcceleRaytor
Raydium Protocol announced that on May 19, Mercurial Finance will be launching on AcceleRaytor.
Mercurial is building dynamic market making vaults, providing low slippage swaps for stables, while also improving liquidity pool profits with dynamic fees and flexible capital allocation.
🔹1. MER AcceleRaytor Public Raise details:
Total tokens for the raise: 2,000,000 MER (0.2% of total MER supply)
Token fixed price: 0.125 USDC for 1 MER
Total raise: 250,000 USDC
Pools open: May 19, 12:00 UTC
Pools close: May 19, 16:00 UTC
Open period of the pools: 4 hours
🔹2. MER IDO on Raydium:
Token starting price: 0.125 USDC for 1 MER
IDO Launch time: May 20, UTC. Exact time is yet to be announced.
How does it work?
- Raydium will launch a MER-USDC liquidity pool (LP) on May 20, which will then be live for trading. Exact time is yet to be announced.
- Participants in the AcceleRaytor raise pools will also be able to claim their tokens at approximately the same time that the MER-USDC LP launches.
Fusion Pool — Provide liquidity to earn MER rewards
- Users will also be able to add liquidity to MER-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in MER tokens.
- Reward emissions on the Fusion pool will begin approximately 30 minutes after the MER-USDC LP launches, to give users time to add liquidity and stake in the Fusion pool for MER yield farming.
What is Mercurial Finance?
Mercurial vaults are market making vaults providing low slippage swaps for stables, while also improving LP profits with dynamic fees and flexible capital allocation.
