Deliq announces IDO on Polkastarter
We are excited to announce that our Initial Decentralized Offering (IDO) for $DLQ will go live on Polkastarter.
Note: Another post will be released soon to announce launch dates and allowlisting details.
We would like to thank the wonderful Avalanche community for their overwhelming support from the very beginning, it’s time for you to join and participate in the long anticipated $DLQ token sale.
We have been very fortunate to receive the support and backing of some excellent investors in the space.
$DLQ and its use case -
$DLQ is a token that works as a tokenized form of liquidity, it is much more than a governance token. Here is how $DLQ can be used -
- Staking — $DLQ token can be staked by token holders to earn rewards.
- Directing — Token stakers will be able to direct liquidity to exchanges like Trader joe/ Pangolin.
- Risk mitigation — $DLQ tokens will be used to reduce the risk of impermanent loss.
- Governance — Token holders will be able to vote on core protocol upgrades and be a part of the decentralized liquidity layer.
Deliq is a decentralized liquidity layer to supply seamless liquidity to the DeFi ecosystem. At its core Deliq is a liquidity engine to efficiently supply liquidity to exchanges to reduce the friction of users by reducing slippage. Deliq uses a Liquidity-by-Staking model to transparently aggregate and direct liquidity in a decentralized manner.
Protocols will be able to access cost efficient and deep liquidity by acting as a liquidity director of the protocol. Deliq will enable Protocol- owned-Liquidity on Avalanche to provide sustainable and long term liquidity to crypto space.
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Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
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More here : Deliq Finance