Launching Loop

Overview

The Launch Sequence has following steps:

• The Points Program to bootstrap ETH liquidity.

• The Public Sale to make the LOOP token tradable.

• The Token Generation Event and launch on a DEX.

• The Price Discovery Phase and the Airdrop.

• The Launch of the Protocol.

Launch Sequence

The Points Program - ETH Bootstrapping

The Loop protocol requires borrowable liquidity (i.e., ETH) which will be sourced from the Loop Points Program. The Points Program incentivizes users to lock ETH or Liquid Restaking Tokens (LRT) into the protocol. In exchange for that, users earn points.

These are the Benefits for participants:

• Get a share of the Airdrop

• Get a chance to be on the Whitelist for the LOOP Public Sale.

• Get a guaranteed Waitlist spot for the Public Sale in case the sale doesn't reach the hard cap.

The Public Sale

In order to gather initial liquidity for the LOOP token, a small whitelisted Public Sale is performed. The more points a user has, the higher his chance to be whitelisted for the sale. In this sale, 2,500,000 LOOP tokens or 2.5% of the supply are sold for ETH.

TGE and DEX Launch

The ETH from the Public Sale are paired with yet another 2,500,000 LOOP tokens and provided as liquidity on a DEX. This sets the launch price equal to the public sale and allows for a fair price discovery.​

The Price Discovery Period & Airdrop

Between the Token Generation Event and the full Protocol Launch, there is a 7 day Price Finding Period. This period is used to find a fair price for LOOP and to distribute the Airdrop before people start using the protocol.​

The Protocol Launch

The protocol launches a week after the TGE. The go-live of the Loop protocol is enabling users to perform carry trades and thus start generating real yield for the protocol. The revenue flows to the dLP lockers and the ETH lenders from the Points Program. If Loopers want to receive LOOP emissions to recoup the interest they are paying, they need to lock 5% of the value they borrowed in ETH in the dLP this results in buy-side pressure and deep liquidity for the LOOP token.

Timeline