Terms Of The Sale:
- IDO Type: Refundable
- Total Raise: $350,000 (worth of $DAO)
- PEG: 0.85
- FDV: 6M USD
- Listing: 15th of February (CEX: GATE, MEXC; DEX: Lynex)
- Token Unlocks: 20% at TGE, then 20% per month (with daily linear unlocks)
- Ticker: LYNX
- Token price on public round: 0.06
- Blockhain Network: LINEA
- SHO tokens network: LINEA
- Token Supply: 100,000,000
- Initial Market Cap: $421,500
- Initial Circulating Supply: 7,025,000
- Hard Cap: $1,287,500
- Mainnet Token Contract: https://lineascan.build/token/0x1a51b19CE03dbE0Cb44C1528E34a7EDD7771E9Af
What is Lynex (LYNX)?
Lynex is at the forefront of LST-centric liquidity marketplaces, pioneering advanced solutions within the ZK domain to optimize capital efficiency and enhance user experience. As an innovative decentralized exchange, liquidity foundation, and ALM aggregator, Lynex is reshaping the landscape of DeFi practices on Linea. The platform is distinguished by its key features like Automated Liquidity Management, Elastic Liquidity Pools, and Options Liquidity Mining, which streamline the process of liquidity provisioning. These features are designed to maximize returns and minimize impermanent loss, making liquidity management more intuitive and user-friendly. Crucially, Lynex democratizes the DeFi space with its distinctive ve(3,3) governance mechanics, empowering users with a say in platform decisions and fostering a community-driven ecosystem where everyone has a stake.
Core Aspects of Lynex
Decentralized Exchange (DEX): Lynex functions as a DEX, enabling token swapping, and facilitating liquidity providers to earn $LYNX, the platform's native token. It also allows for voter bribes and influencing the direction of emissions to maximize trading revenue.Concentrated Liquidity Infrastructure: Powered by Algebra, Lynex’s concentrated liquidity pools significantly enhance capital efficiency, enabling targeted and strategic liquidity provisioning.
Automated Liquidity Management Aggregator: Lynex enhances liquidity management with its innovative marketplace for Automated Liquidity Managers (ALMs). This platform feature enables liquidity providers to achieve superior Annual Percentage Yields (APYs) and robust protection against impermanent loss, all while embracing a hassle-free 'set-and-forget' approach.
Elastic Liquidity Pools: Lynex is built on a dynamic fee structure and a concentrated liquidity model that allows it to seamlessly adapt to market fluctuations. This adaptability ensures efficient trading environments by responding to volatility through fee adjustments, thereby optimizing trading volume and returns. The platform effectively balances the incentivization of liquidity providers with the goal of delivering cost-effective trading experiences to users.
Liquidity Bootstrapping for Projects: Lynex is an ideal platform for projects seeking deep and effectively managed liquidity for their assets, attracting a diverse range of investors and enhancing market impact.
Addressing Liquidity Incentive Inefficiencies: Lynex optimizes liquidity incentives via its unique ve(3,3) voting mechanism, empowering users with governance participation and a share of weekly voting rewards. This mechanism stands as a cornerstone of the platform, facilitating community-driven emission distribution and effectively aligning incentives among protocols and ecosystem stakeholders.
Options Liquidity Mining: Liquidity providers on Lynex are rewarded with Options LYNX (oLYNX) tokens. These tokens are a form of incentive that offer liquidity providers more flexibility and potential benefits than traditional liquidity mining rewards.
zkLynex: Lynex is positioned as an early adopter of ZK-SNARKs technology on the Linea blockchain. The incorporation of zkLynex within the platform introduces a 'dark pool' concept, delivering substantial improvements in transaction privacy and enhancing user protection against potential MEV attacks.
What makes Lynex (LYNX) unique?
In the ever-evolving landscape of decentralized finance (DeFi), the inception of concentrated liquidity has given birth to a new business vertical: liquidity management. However, the existing Automated Liquidity Management (ALM) protocols in DeFi are often isolated, user-unfriendly, and lack mainstream awareness. This scenario presents a significant opportunity for innovation and integration, which Lynex is poised to capitalize on.
Lynex: Aggregating and Empowering Liquidity Managers
Unlike most decentralized exchanges (DEXes) that have limited or no native integration with liquidity managers, Lynex is set to disrupt this trend. It aims to aggregate and empower a range of liquidity managers like never before, offering a unique competitive advantage in the DeFi space. This approach will include collaborating with leading liquidity managers such as Ichi, Gamma, Steer, and DeFiEdge, who will act as delegates of the Lynex protocol.
A Competitive and Efficient Market
Lynex's strategy revolves around creating a vibrant, competitive environment for these liquidity managers. By seeking to garner as many votes as possible from the Lynex community, these managers are incentivized to provide the best yields and liquidity management services. This competition is expected to drive efficiency and performance, setting a new benchmark in the DeFi sector.
Key Outcomes and Benefits
- Enhanced Yields and Performance: The competitive nature of Lynex’s integrated ALM model will push liquidity managers to optimize their strategies, leading to potentially higher yields for investors.
- Diverse Management Styles: By aggregating various liquidity managers, Lynex will offer users a range of strategies to choose from, catering to different risk appetites and investment goals.
- Increased Awareness and Accessibility: Integrating these managers natively into the Lynex ecosystem will elevate the awareness and user-friendliness of liquidity management, making it more accessible to a broader audience.
- Innovative Ecosystem Growth: This model not only benefits individual investors but also contributes to the overall growth and innovation of the DeFi ecosystem.
In conclusion, Lynex is set to redefine the DeFi landscape by pioneering an integrated and competitive liquidity management ecosystem. Its approach promises to enhance yields, diversify investment strategies, and make liquidity management a more central and recognized aspect of the DeFi experience.
What is Lynex (LYNX) roadmap?
2023
Q3:
Form strategic partnership with Thena Partner with Algebra: Integrate their concentrated liquidity DEX infrastructure
Beta DEX launch Partner with Gamma Strategies: First Automated Liquidity Manager (ALM) integration
Advanced trading features: Limit orders and stop-loss functionalities.
Partner with ICHI: Integrate single-sided deposits.
2024
Q1:
Launch Lynex with full functionality. Initial Liquidity Incentives and Bribes Program: To attract liquidity providers and token lockers.
Implement Auto Bribing Module. Integrate with Lending Protocols: $LYNX can be supplied and borrowed
Further strategic partnerships and integrations Launch Options token as a service.
Q2:
Expand integration with Automated Liquidity Managers: Broaden strategy offerings and enhance Lynex efficiency.
zkLynex: Zero-Knowledge MEV Protected Swaps.
Fiat On/Off Ramp Initiate a Strategic Program for Professional Traders and Market-Makers.
Release Enhanced Analytics Tools: Comprehensive liquidity strategy insights, impermanent loss analysis, and yield projections.
Q3:
Diversify and expand Liquidity Pools: Integrate Liquidity Bins
Introduce Cross-Chain Swaps: For seamless asset transfers across different blockchains.
Community-Driven Ecosystem Fund: To support innovative projects within the Lynex ecosystem.
Integrate Yield Insurance
Q4:
Implement AI-Driven ALM Solutions: For optimized liquidity management.
Integrate account abstraction: To bolster security, privacy, and usability.
Release Lynex SDK for Developers: To foster third-party innovations and integrations.
And Beyond:
Launch Lynex Derivative Products: Futures and options trading.
Empower community involvement in significant protocol upgrades through voting.
Organize Lynex Hackathons Expand into Institutional Services: Offering specialized solutions for institutional investors.
Enhance Interoperability: For broader asset accessibility and seamless cross-chain interactions.
Establish Lynex DeFi R&D Lab: Spearhead continuous DeFi innovation.
Lynex (LYNX) revenue streams
Lynex generates revenue from trading fees. The more volume the DEX does the more fees are generated and the more LYNX will be locked to compete over these revenues, decreasing LYNX circulating supply. Furthermore, Lynex has a list of partners that will supply yield-bearing assets as liquidity on Lynex (QiDAO, Davos, Ledgity, Overnight). These assets will accrue value, part of which will also be added to our DEX revenue in the form of locking and voting incentives.
At Lynex, we prioritize sustaining project costs and ensuring a robust revenue stream for our DAO and community. This commitment allows us to foster continuous growth and support our vibrant ecosystem. We also use our voting power on core LYNX pools to collect bribes and enhance protocol liquidity. Moreover, a portion of emissions is allocated to the treasury for operational needs. This approach helps us maintain long-term viability and prosperity.
Swap Fees
The DAO Treasury holds veLYNX tokens to optimize liquidity and collect swap fees. These fees are used for various operational activities, such as LYNX token buybacks and burns, bribing core pools, and funding development efforts. This strategic allocation ensures the efficient use of resources to enhance our ecosystem.
Emissions and Treasury Allocation
A 4% portion of the emissions is allocated to the treasury. The LYNX tokens in the treasury are used at the team's discretion to support various initiatives, including incentivizing core pools, funding developments, and marketing. The team has the flexibility to allocate these tokens strategically for the benefit of the project and its ecosystem.
What is Lynex (LYNX) marketing strategy?
Pre-Launch
- Community building: Launch various community-focused initiatives such as incentivized testnet campaign, on-chain and off-chain quests for communities, and a community airdrop for our target audience.
- Partnership Building & Activation: Forge partnerships with other projects to increase the utilization and reach of Lynex. This could include integration with other tokens, lending platforms, or yield farming projects. Part of our partnership-building and project onboarding efforts includes a protocol airdrop to be executed upon TGE.
- Incentivized Pre-launch: Deploy Lynex DEX and a pre-mining campaign, to onboard users and liquidity providers before Lynex launches.
- Educational Series: Work with the Linea marketing team and different marketing ambassadors and KOLs to educate them about DeFi on Linea while creating brand awareness about Lynex. One example is our first Lynex youtube video.
Launch
- Improve brand recognition: Launch a marketing campaign to raise awareness about Lynex and its features. This includes social media promotion, influencer partnerships, and educational content about DeFi and liquidity provisioning at Linea.
- Community Airdrop: Target DeFi communities with LYNX token airdrop, to make them bridge into Linea and engage with Lynex.
- CEX Listing campaigns: Onboard LYNX to numerous CEX to increase its reach, awareness, and overall trading volume.
Post Launch
- Expand partnerships: Seek partnerships with other DeFi projects to increase the utility of Lynex. This could include integration with other DEXs, lending platforms, or yield farming projects.
- New Users Acquisition: Regular campaigns with off and on-chain tasks (such as swap, add liquidity, lock $LYNX, and vote) to incentivize the usage of the Lynex platform, and educate users about the mechanics. Some of these campaigns will be joint campaigns with new and current partners.
- Educational Series: Keep working with KOLs, partners, and Linea to educate users about DeFi and Lynex. The goal is to facilitate users’ entrance to DeFi and ve(3,3) mechanics.
- Performance Monitoring and Adjustment: Regularly monitor Lynex's performance, gather user feedback, and iterate the plan as necessary to ensure sustained growth and user satisfaction.
What technologies Lynex (LYNX) created and used?
Solidity, React, Javascript, ChainLink Keepers, and the usual blockchain infrastructure.
What are Lynex (LYNX) token utilities?
Lynex's tokenomics is designed to create a sustainable and growth-oriented ecosystem within its decentralized exchange. The native token, $LYNX, plays a central role in this ecosystem. Here's an overview of its tokenomics, including loyalty incentives, burns, monetary uses, and associated values:
Loyalty Incentives:
Better discounts on Options LYNX: Holding locked $LYNX tokens in the form of $veLYNX will give liquidity miners enhanced discounts on their $oLYNX claims.
Governance Participation: $LYNX holders can lock their tokens to obtain veLYNX, which grants them voting rights in governance decisions, influencing the platform's direction and development.
- Voting Rewards: $veLYNX voting entitles voters to fee distribution and bribes from the pools they are voting
- Emissions directions: $veLYNX voters get to vote on weekly protocol emissions and rewards
Liquidity Mining: Users can acquire $LYNX and pair it with other assets to earn $oLYNX
Collateral in DeFi Services: $LYNX tokens will be integrated and used as collateral in various DeFi services within the Linea ecosystem.
Who is the team of Lynex (LYNX)?
Apeguru - CEO & Founder
Co-founder of ApeSwap and active DAO contributor, with over 5 years of blockchain experience. Author of ERC-5725.
Krugo - Head of BD
Self-taught Austrian economist turned crypto degen since 2016. Former Bitcoin Vietnam head of BD, RugDoc reviewer, PrimeDAO researcher, UST/Luna survivor. Co-founder of Blockchain Meetup Hanoi and Chaincrafters.
Bronnie - Head of marketing
With 6 years of experience in Digital marketing and 2 years of experience in Web3, she is equipped with the tools to push Lynex communication to new heights. Used to run marketing for Liquid Collectibles protocol.
Apetastic - Solidity dev and head of security
Coauthor of ERC-5725. Successfully managed DeFi protocols with over $700M TVL at peak without any loss of user funds.
Who are the partners of Lynex (LYNX)?
Advisors:
- Simon Yi - Founder of Myosin - Previous: Growth Hacker at Consensys
- Mauvis Ledford - Head Advisor at BitNinja Web3 Advisory - Previous: CTO at Coinmarketcap
- Zeb - Senior Analyst at Cyber Capital - Mentor at Outlier Ventures - Previous: Grant Lead at Balancer
- Elliot Meijer - CEO at Decubate
Partners:
- StakeStoke - Omnichain LST
- Overnight - Omnichain CDP
- QiDAO - Omnichain CDP
- Davos - Omnichain LST Stablecoin
- Orbs - DeFi utilities layer 3
- Apebond (Ex ApeSwap) - Multichain bonding protocol
- And many others.