Swene: An Introduction to Modern Decentralized Finance
February 2, 2021
Swene Technologies is making complicated decentralized products (like DeFi or NFT assets) accessible to all in an environmental friendly way
The Liquidity Generation Event (LGE) is designed to provide an initial batch of liquidity to our tokens: Swene (SWN) and Stable (STABLE). This liquidity will be provided on the 2 largest Automatic Market Makers (AMM): PancakeSwap V2 and Uniswap V3.
One important aspect to note for the LGE event is that all of the SWN/STABLE liquidity generated during the event will be locked forever resulting in yield farming rewards from 2 to 3 times higher than non-locking contributors will receive. The yield percentage will be 2 times higher with the liquidity locked forever and the Genesis NFT sent at the end of the event will give from 20% to 50% increase in the yield depending on the amount invested which would result in 3 times higher yield maximum.
50% of all the circulating supply will be locked forever in this event except if the total marketcap of SWN after the second step of the event is less than $1M, in this case, the amount of SWN tokens locked forever will be decreased and the tokens that have not been locked will be distributed in a yield farming event over a period of 2 months after the LGE end.
