Grape Network Partners with Socean Streams
Socean is incredibly pleased to announce that Grape Network will be using Socean Streams to purchase their own liquidity and power their unique membership model.
The Grape Community Treasury will be the first DAO to own its liquidity via Socean Streams!
- Grape Network is using Socean Streams to purchase its own liquidity and run its unique membership model.
- Buyers will be able to sell GRAPE-USDC LP tokens to the protocol and will receive a future stream of GRAPE.
- This allows long-term buyers to purchase GRAPE at a discount and allows Grape to own its own liquidity.
Socean Streams allows protocols to sell bonded tokens, which unlock governance tokens over a period of time. In return, buyers get a discount on the tokens. They have worked closely with Grape to offer GRAPE token streams (bGRAPE) that can be bought using GRAPE-USDC LP tokens.
The first batch of bGRAPE bonded tokens will be available for sale very soon on Socean’s website. More details will be announced soon.
Here’s what WhalesFriend, founding member of Grape Network, had to say:
“The Socean team has been deeply involved in launching a new chapter for DeFi on Solana! Their flexible approach, their ethos and their speed are unmatchable. I am looking forward to what we can build together. Let’s be the rising tide that lifts all Solana boats!”
They are incredibly pleased to work with GRAPE as they are one of the most innovative projects on Solana, and the strongest tokenized community by far. Grape helped them to set up Socean’s NFT gate, and they are delighted to work with them now and in the future. Their integration with Grape Network is just the tip of the spear for and embodies their positive-sum value: protocols helping each other and building each other up.
About Socean
Socean is a fully autonomous, fully transparent algorithmic stake pool on Solana. We are committed to unlocking the value of staked SOL for use in the Solana ecosystem, improving staking returns for our users, and increasing decentralization on the Solana network.
Website ♦ Twitter ♦ Telegram ♦ Discord ♦ Medium
About Grape Protocol
GRAPE is a decentralized social networking protocol to create, reward, and secure any online community by harnessing the power of Solana. $GRAPE is a currency that powers the Great Ape social ecosystem and is a utility token that can be used to access our suite of community building features. These features will also be offered to other communities in exchange for project tokens or for burning/spending $GRAPE.
Website ♦ Twitter ♦ Discord ♦ Medium
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