Announcing Liqwid Finance Collective Zap-in on Minswap Launchbowl.

TLDR; an overview of the mechanics behind the Collective Zap-in, and details of the first ever Collective Zap-in with Liqwid Finance.

Liqwid Finance is a non-custodial liquidity market protocol built on Cardano. The protocol enables users to easily lend, borrow, and earn interest with their Cardano native assets while also earning ADA delegation rewards from liquid staking. Liqwid Finance recognises the benefit of having deep liquidity on Minswap, as well as being able to own a part of that liquidity. As such, Liqwid Finance will conduct a Collective Zap-in (CZI) for the $LQ Token starting on Tuesday, February 7th.

What is a Collective Zap-in (CZI)?

The Collective Zap-in is an initiative for projects like Liqwid Finance to increase their liquidity on Minswap and increase their Protocol Owned Liquidity (POL). CZI Participants can supply $ADA, and receive in exchange $ADA/$LQ Liquidity Pool tokens that can be staked for $MIN, $LQ and $ADA Farming rewards.

A more general overview of the CZI, its advantages and risks can be found in the following article. The key highlights of the Liqwid CZI are compiled below.

Key Highlights of the Liqwid Finance CZI

  • Protocols such as Liqwid Finance can use Minswap’s CZI to acquire Protocol Owned Liquidity (POL) and grow their liquidity on Minswap.

Timeline for the Liqwid Finance CZI

  1. Pre-Launch

Twitter Spaces: on Monday, February 6th at 15.00 UTC / 10.00 EST Liqwid Finance and Minswap Labs will hold a Twitter Space to discuss the CZI.

2. Zap-in Phase — Liqwid CZI starts

The Zap-in Phase (7 days) will start Tuesday, February 7th at 10.00 EST / 3.00 UTC. Participants can supply $ADA to the CZI and will receive lqADA. This lqADA will not be redeemable until after the CZI has finished and can then be used to claim the resulting $ADA/$LQ LP Tokens.

3. Encounter Phase

The Encounter Phase will start Tuesday, February 14th at 10.00 EST / 3.00 UTC (provided not all the $LQ allocated has been used up by then).

Starting on February 14th, Participants will have to exchange their lqADA for $ADA/$LQ LP tokens. Those $ADA/$LQ LP tokens obtained from the CZI can be staked in the $ADA/$LQ Farming Pool to earn $LQ, $MIN and $ADA Farming rewards.

Liqwid Finance CZI Details

Liqwid Finance is a non-custodial liquidity market protocol built on Cardano. More information on the details behind Liqwid Finance can be found in their Docs. The Key details for the CZI are:

  • A total of 630.000 $LQ, or 3% of total $LQ supply has been allocated towards the Minswap CZI. Please remember that depending on the $ADA supplied, the entire $LQ amount may not be fully used.

Tokenomics Details

An Overview of the $LQ Token allocation can be found below:

  • Core Team, Founders, Advisors: The tokens will be distributed over a linear 2 year vesting schedule which goes into effect starting at Liqwid v1 mainnet launch.

To learn more about Liqwid Finance, visit the following links:

Website | Discord | Twitter | Substack


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