We are very proud to announce Atlo Protocol is going cross chain with our new launch mechanism - Atlo Farms!
A ๐งต on this hugely exciting news ๐ 1/9
A ๐งต on this hugely exciting news ๐ 1/9
Atlo Farms launches tokens by leveraging stablecoin yield farming on Terra's Anchor Protocol to provide a launch mechanism with no risk to participants' initial capital. 2/9
Those interested in investing in token launches simply deposit their stablecoin into an Atlo Farm, which starts accruing interest via Terra's Anchor Protocol instantly. The accrued interest is used to buy tokens in an Atlo Farm. 3/9
Atlo Farms uses the #AtloRating for fairly distributing tokens amongst participants. The Atlo Rating is a set of metrics that rewards participants for positive behaviour by incentivising staking, governance, community contributions and investment quality. 4/9
The more you participate, the better your #AtloRating which in turn increases your allocation of tokens compared to others ๐ค 5/9
Participants simply deposit their stablecoin of choice - UST, USDC, USDT, BUSD, DAI or FRAX, using one of the following chains: Terra, Ethereum, Binance Smart Chain, or Polygon network (Avalanche, Fantom, Arbitrum, Optimism and more will follow). 6/9
Atlo Farm participants can claim tokens immediately after the daily allocation process is completed. With the ability to accept stablecoins from multiple chains, it means Atlo will be able to offer its other features to launchers on multiple chains too. 7/9
Initial stable coin deposits can be withdrawn as soon as the raise target is reached or the farming period is complete, whichever is sooner. 8/9
Atlo Farms is an innovative way to bring the benefits of Terra and DeFi to a broader crypto community and is the initial vehicle being used to expand the reach of Atlo Protocol to more chains.
Exciting times! 9/9 #LFL ๐
Exciting times! 9/9 #LFL ๐
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