DOT Token Live for Borrowing & Lending

Multiplier
2 min readApr 14, 2021

DOT 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 Collateral can be withdrawn at any time.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
0x3F05…AC67 = $2,000

$10,000 bMXX for Initial Seeders
0x27Fe…7618 = $7442.79
0x031d…7EaA = $1105.48
0xba39…a5F7 = $361.32
0x6f89…0e60 = $199.26
0xa3E5…A077 = $130.41
0x94C4…11F0 = $124.17
0xAF39…47CB = $110.17
0x9887…458e = $110.08
0x29cC…8A9E = $109.72
0xc4ff…275e = $87.43
0x2a00…e647 = $80.68
0x3C17…0502 = $54.43
0xba39…a5F7 = $36.33
0xB442…AD26 = $22
0xa38d…ad90 = $6.36
0x0787…156B = $5.38
0x7582…998F = $3.90
0x98B3…4490 = $2.91
0xf988…c202 = $2.24
0x9D3a…abad = $2.23
0x547F…f1BA = $1.09
0x60F0…8D3E = $0.87
0x547F…f1BA = $0.54
0x7F9D…2De4 = $0.09
0x34d7…613c = $0.002

Listing Incentives Guidelines

  • Initial seed is required to remain in the pool for 2 weeks until 28th April 2021 2pm 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 29th April 2021.

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