1/11 This post is adressed to $CRV, $CVX & $FXS maxi. Don't read below if you're not.However if you are, mmm, juicy information just for you.Due date: 31-octWhat: @0xconcentratorOpportunity: $CTR #Airdrop
Note: Non financial advice, i'm a contributor to the project
2/11 For thos who don't know @0xconcentrator, it's a yield optimizer built on top of @ConvexFinance & @fraxfinance where you can deposit your LP token and farm staked $CRV ans $FXS, saving tx costs for users.Have a look here:
VIDEO - Protocol Presentation:
3/11 Token launch was done through a IFO (initial farming offering). By deposting LP token, farmed $aCRV goes to project and instead user earns $CTR (1:1), @0xconcentrator token.
4/11 $CTR has utility only if locked, and lockers will earn 50% of protocol revenue. If you would like to see price prediction, i invite you to read @llanero post:
https://twitter.com/iamllanero/status/1552359126520430595?s=20&t=TjJrzLJaTKxrsdOOjYMdPA
5/11 ok now we've set up the background, let's jump into the opportunity.
IFO was planned to stop when 2,5m $CTR was farmed. However, the team changes his plan and will conclude the IFO on October 31st
Concentrator IFO end date declared to make way for groundbreaking Frax partnership!
6/11 On 31st October, some maths tell me that we will reach 1,9m $CTR farmed, meaning also that 600k $CTR will remain. But if you haven't read the above article from the project, where will remaining CTR will go ?=> Airdropped to $CTR lockers based on vote power
7/11 The longer you lock (up to 4y) the more you will have vote power (similar as @CurveFinance).A big gift from the team, the 1,5m $CTR initially distributed and max locked by @aladdindao will not be included in the airdrop 👏👏 very fair !
8/11 Which means, that airdrop will be distributed to people locking their farmed $CTR, estimations of earned CTR per max locked CTR are:1,9m (100%) $CTR locked => 31% airdrop50% locked => 63%30% locked => 105%