Maya Launch is Inevitable - Liquidity Auction Surpasses $5+ Million - No Ragnarok...
Hey All,
Maya has been aiming to be a fair protocol and for that reason we have the Liquidity Auction currently going on. Where the Maya's Fair Launch today surpassed collecting $5+ Million via the liquidity auction. And we still have 8 days remaining before the auction ends.
Maya has aimed to be a fair protocol from the start, so the distribution of $CACAO will happen through Maya’s Fair Launch. Anyone providing liquidity to our pools in a 21-day timeframe will receive $CACAO, our native token.
Here is the break-up of the asset amount collected in there percentage numbers. $RUNE is taking the lead with 50% of liquidity auction has come via $RUNE and on second we have $BTC taking the lead with 30% collection in the form of $BTC. There was limit set for the liquidity auction that needed to accumulate $5+ Million funds and if incase these funds are not collected or the LA is deemed disadvantageous for any reason. Then the community can decide to undo everything via Ragnarok. Incase Ragnarok was to happen then - Tier 2 and 3 LPs might end up receiving back less and would be at a loss. Now that the funds collected is more than $5+ Million - with 8 more days to go its now certain that Maya Launch is Inevitable. The Maya community expectation now is that we could see the auction amount being collected could surpass even $10+ Million. But then time is going to tell how this churns out.
My returns calculation in Maya
There is tool build on streamlit.app, which helps investors to calculate their returns. In my case, I have invested $BTC and that too at Tier 3 level. This tier has a lock in period of 30 days, withdrawal limit is 4.5% and auction rewards earning is close to 1.3x. At this level where liquidity auction has collected $5+ Mill and $CACAO price being somewhere close to $0.05+ cents - would give me a return of 33+%. Not a bad deal at all considering all goes well till the end and there is no rug pull. And if the protocol is able to collect more then the returns further increases. Lets' see how much more funds can be collected in another 8 days - can Maya's Fair Launch - Liquidity Auction surpass 20+ Million?
Have Your Say Maya's Fair Launch - Airdrop for $RUNE
Did you know about Maya's Fair Launch? And Airdrop to $RUNE hodlers? What are your thought about the Maya project overall? And are you planning to participate in Liquidity Auction for Maya? Would love to hear your thoughts around it in the comment box below? Cheers
Maya Launch is Inevitable - Liquidity Surpasses $5+ Million - No Ragnarok...
#rune #thorchain #maya #liquidityauction #liquidity #airdrop #hodl
Image credits:: docs.mayaprotocol.com, app.thorwallet, streamlit.app
Best Regards
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