DinoSwap is a cross-chain infrastructure platform that builds liquidity for layer-one blockchains, AMMs and partnering projects.
There's a new Yield Farming platform launching this week on Polygon with 65 Million DINO tokens up for grabs to farmers as part of their "fairlaunch".
DinoSwap Launching On Polygon
The new yield farming platform will launch off to the moon starting July 17 shortly after $6 Million in liquidity is seeded to SushiSwap.
We will be seeding liquidity on SushiSwap (Polygon) for the DINO-USDC Pair equating to roughly $5-$6 million. This liquidity will be added just prior to the farms/pools going live at 12:00 AM UTC on 7/17, so that users will be able to buy DINO just prior to the starting rewards block.
The new yield farming platform aims to provide liquidity for layer 1 blockchains and projects on the polygon network with it's cross-chain protocol.
Massive amounts of value has been transferred to Polygon in recent months and there's no signs of slowing down. Now Polygon is getting a premier liquidity farming protocol similar to PancakeSwap that should help to attract new value to the network and provide a mechanism for upcoming blockchain projects to have liquidity.
It was just a matter of time and a logical next step for the burgeoning blockchain (Polygon).
There will be 65 million DINO tokens available at launch, here's the projects initial token distribution:
- 65% — Farming Rewards (Fairlaunch)
- 5.6% — Treasury
- 14.4% — Team (vested over 12 months per block to avoid cliff events)
- 15% — Investors and Advisors (vested over 12 months per block to avoid cliff events)
No token hard cap: To support the onboarding and liquidity needs of new projects, new DINO tokens will be minted on demand for new projects that join DinoSwap.
Add DINO to you Polygon MetaMask Wallet
Contract Address: 0xAa9654BECca45B5BDFA5ac646c939C62b527D394
Chain: MATIC
"DinoSwap Raises $4.7m From Top DeFi Funds And MATIC Founder"
DinoSwap is backed by some serious venture capital, raising $4.7 Million from a number of funds.
DeFiance, Hashed, Spartan Group, and DFG are some of the top venture capital funds that invested in DinoSwap ahead of its launch on July 17. - forbes.com
Project backers also include the likes of Polygon co-founder Sandeep Nailwal who participated as an angel investor.
In my mind DinoSwap is well positioned to become the premier yield farming platform on the Polygon blockchain. It's job over the coming weeks and months will be to attract TVL and I have no doubts it will do just that, let the games begin!
Celebrating the first 72 hours of our launch, beginning on July 17th 12:00 AM UTC, all DinoSwap Fossil Farm reward multipliers shown above will be doubled and emissions will be 27.5 DINO per Block. (i.e. DINO/USDC = 20x Rewards, BEL/WETH = 2x Rewards …)
More about the fairlaunch from official DinoSwap news can be found here.
CUB DeFi on Polygon July 17th
I wanted to take a second to mention that July 17th also marks the day that Cub DeFi is scheduled to launch it's polygon platform! Exciting times!
Ciao for now,
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