ADA Token Live for Borrowing & Lending

ADA has achieved $200k in initial seed and the pool is officially opened for lending and borrowing. For risk specifications and asset parameters, please refer to the Litepaper.

What’s next?

1. Once a governance proposal is passed successfully, the proposed token will be whitelisted for depositing (but not available for lending and borrowing). Collateral can be withdrawn at any time. ✔
2. If the proposed token reaches $200,000 in collateral deposited within 1 month, the pool will be officially opened for lending and borrowing. If the minimum collateral deposit is not met, the suggested token may be delisted. ✔
3. Proposer and Initial seeders will be rewarded after 2 weeks from the date the token is opened for lending and borrowing (a snapshot will be taken of all initial seeders). The initial seed must remain as collateral during these 2 weeks, failing which the apportioned rewards will not be distributed.

Wallet Addresses to receive Listing Incentives

$2,000 bMXX for Proposer
0x4557…2f15 = $2,000

$10,000 bMXX for Initial Seeders
0x7db0…9186 = $6,031
0x8ec3…90ee = $1,507.98
0x7db0…9186 = $1,507.14
0x25ec…9e69 = $493.63
0x00af…4560 = $225.54
0xaf39…47cb = $90.48
0x3d05…9ca3 = $49.72
0xba39…a5f7 = $40.46
0xa252…2f3e = $21.53
0xd4d9…a2f1 = $14.91
0xaf39…47cb = $12.06
0xa38d…ad90 = $4.46
0xdf7c…8b11 = $0.12

Listing Incentives Guidelines

• Initial seed is required to remain in the pool for 2 weeks until 23rd April 2021 3pm SGT to qualify for listing incentives.
• Listing incentives will not be awarded in the event the initial seed is removed during the first 2 weeks. The percentage of listing incentives unawarded is in proportion with the percentage of initial seed removed by the user (bMXX incentives will remain un-minted and does not go to the next-in-line).
• Listing incentives will be transferred to the eligible addresses by 24th April 2021.