Crypto
Today, Neptune Finance (Neptune), a credit network lending protocol, has commenced its $NEPT Liquidity Bootstrapping Event, which will conclude on December 17, 2024, at 18:00 UTC.
With a total NEPT token supply of 20,000,000, $NEPT is available on Mito Finance’s Launchpad at an initial listing price of $2 per $NEPT. $NEPT will first trade on Injective DEX markets with CEX listing(s) planned at a later stage.
INJ tokens are required for the token sale and for gas fees. After depositing, participants’ $INJ will be converted in a proportion of 50% $NEPT and 50% $NEPT/$INJ LP based on their contribution to the sale.
During the sale, $NEPT can be staked, offering different locking tiers and built-in staking utility features and rewards. Vesting for team and investors is 36 months with a linear unlock.
In addition, to promote decentralization, a few top airdrop recipients are expected to have vesting periods after an initial unlock.
Upon successful completion of the sale event, participants will be able to claim their $NEPT, which can be used to stake for account health boosts, access to flash loans, governance voting, and staking rewards. In addition, users will also receive LP tokens. They can either redeem the LP tokens for $NEPT and $INJ or they can keep their LP tokens in the $NEPT/$INJ market to earn yield. If the sale does not reach its subscription goal, all $INJ will be returned.
Neptune has recently released its updated tokenomics, proven that it provides the best lending rates in the industry and completed key milestones in the development roadmap including loop staking and listing $SOL. The next phase of the Neptune protocol is close to being released soon, advancing into a new chapter of reshaping the DeFi landscape.
Users can access the sale here: https://mito.fi/launchpad/inj1awdqcjcnewgzdvfplxgpufuldz2vmm0lapv0ex/
About Neptune Finance
Neptune Finance is a next-generation credit network and high-yield lending protocol designed to provide capital efficiency for lenders, borrowers and DeFi service providers.
With the innovative Neptune rates controller, the interest rate curve is dynamically adjusted creating a narrower spread between lend and borrow rates. Neptune provides an overall better representation of the real-time supply and demand characteristics to optimize savings for both lenders and borrowers. Ultimately, Neptune will be the highest efficiency operating protocol for thousands of DeFi service providers and protocol developers. Visit nept.finance and discover how to lend, borrow and build with better rates.
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