Yield Market Protocol Timeless To Launch Its Token on January 9

Key Points:

• Yield market protocol Timeless will launch its token, Liquidity Incentive Token, on January 9, 2023.
• The total supply of LIT is 1 billion.

Yield market protocol Timeless will launch its token, Liquidity Incentive Token (LIT), on January 9, 2023.

The Timeless Bunni liquidity engine, which aims to increase liquidity on Uniswap v3, is built around LIT. By introducing LIT, the protocol aspires to make it possible for other projects to reward the liquidity of their tokens with capital efficiency orders of magnitude higher than at present. In order to boost liquidity for the Timeless yield markets, it also intends to use LIT itself.

In October 2022, Bunni was first made available as a public utility, reflecting Uniswap v3 liquidity positions as fungible ERC-20 tokens rather than NFTs. Since ERC-20 tokens are simpler to work with, it makes it possible to create incentivization plans that are more complicated for Uniswap v3 liquidity.

The total supply of LIT is 1 billion, and the token distribution is as follows.

• Community: 72%
• 45% distributed as gauge rewards on a 4-year halving schedule
• 11% held in the community treasury
• 10% sold through Liquidity Bootstrapping Pool (LBP)
• 5% distributed to veMPH holders over 4 years via a staking pool
• 1% airdropped to early Timeless & Bunni users (25%) and active Uniswap v3 LPs (75%)
• Team: 25% vested over 4 years
• Investor: 3% sold in the seed round, 6 months cliff, then 1-year vesting.

Bunni liquidity incentives will be launched on January 18, 2023. In addition, the community can obtain LIT from our LBP, which will begin at 12 pm January 9, 2023 (Pacific Time) and will be active for a 7-day duration. The airdrop and veMPH staking pool will be launched on January 25, 2023.

Timeless is a yield tokenization protocol that offers Perpetual Yield Tokens (PYTs), which give their holders a perpetual right to claim the yield generated by the underlying principle. Timeless also offers Negative Yield Tokens (NYTs), a protocol-native way too short yield rates.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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