Thread by @EncryptionDog

1/ Everything you need to know about #JUNOswap LP’s and their $RAW LP rewards/airdrop mechanisms.

In this 🧵 I will define what Junoswap is, how Junoswap LP will be incentivized and how the $RAW airdrop mechanisms work.

Let your assets work for you!⚛️
$JUNO, $ATOM, $OSMO

/2 What is Junoswap?

DEX’s have been revolutionary for a long time, but Junoswap makes the difference by being interchain focussed on CW-20 (CosmWasm) asset adoption.

Built from the beginning on public permission-less Juno Network.

3/ JunoSwap consists of the following components:
🔹the Swap interface
🔹the asset transfer interface
🔹the liquidity management interface (Incentives aren’t live yet, but will very soon)

Also check out docs.junoswap.com for detailed documentation.

4/ The Interchain DEX is powered by the two native assets called $JUNO and $RAW.

5/ Junoswap is governed by JunoSwapDAO.

$RAW farmers/stakers can vote in the DAOgovernance on the direction which the DEX goes and most importantly the pool incentivization.

6/ A wide and fair distribution of $RAW is essential to an unbiased governance process and organic growth of the DEX.

This is why 85% of the circulating genesis supply will be contributed to the community through Airdrops, Liquidity Pools and Staking.⚛️🐶

7/ 1,000,000,000 $RAW will be minted at launch.

Supply Breakdown:
Airdrops: 150,000,000 $RAW (Instant distribution)

LP Pool rewards: 400,000,000 $RAW (Over 8 years)

DAO Staking rewards: 300,000,000 $RAW (Over 8 years)

JunoSwap Team: 150,000,000 $RAW (Vested for 8 years)

8/ The 1st year of the LP Pool rewards of Junoswap will have the highest emission. It gradually slows down every year.

The 1st year of the DAO Staking Rewards of Junoswap will have the highest emission. It also gradually slows down every year.

Be the early bird!🐦

9/ Snapshots 150,000,000 $RAW airdrop:

🔹Snapshot 2022 Feb 7 for staking $JUNO + $ATOM
🔹Snapshot 2022 Feb 13 for Junoswap/Osmosis LP’’ers
🔹Claimdate to be announced

How much you need to Stake or LP isn't announced yet.

A safe choice is to stake 25 $JUNO and 15 $ATOM.

10/ Distribution $RAW Airdrop

🔹 $JUNO holders & delegators: 70,000,000 $RAW
🔹 #JUNOswap LPs: 30,000,000 $RAW
🔹 $ATOM holders & delegators: 25,000,000 $RAW
🔹 #Osmosis LPs: 25,000,000 $RAW

11/ All unclaimed $RAW from the airdrop will be send to the #JUNOswap DAO Treasury.

The treasury is controlled by the DAO governance.

Through the DAO governance proposals the community can decide which funds will be used for specific growth initiatives.

12/ Try to find a balance between #Osmosis and #Junoswap.

The APR’s aren’t announced yet, but my prediction is that Junoswap’s APR’s will be higher in the beginning.💵

13/ Eventually the liquidity balance between Junoswap and Osmosis will even out after a few months.

Don’t see them as competition between Cosmos DEX’s. There is more than enough room for both of them.

Let’s support each other and grow stronger together!⚛️🥳

14/ If you found this 🧵to be useful, I would appreciate it if you could show your support by following me + retweeting and liking the first tweet of this thread.

It’s linked down below!

https://twitter.com/EncryptionDog/status/1501935656439672841?s=20&t=ebGw1yFvgunDm9hsIiPCmg