Lixir, the world’s first automated liquidity concentration manager, has successfully completed its presale token distribution event with more then $1,700,000 ($1.7m) of tokens purchased. Exactly 1,104,674 LIX (1.1m) tokens were sold during the presale event.
Following the success of the presale event, the Lixir team has turned its attention to the Balancer Liquidity Bootstrapping Pool (LBP). Proceeds from the presale will be used in part to seed the LBP, a crucial step towards the fair distribution of LIX. Proceeds will also be deployed in the initial LIX pairing after the LBP finishes.
The remainder of the unsold tokens from the presale will be distributed pro rata between the investors with an appropriate vesting period. This steps is important to us, as we want to award the trust and risk that early joiners take with us. Congratulations vesting gang 🎉
LIX is an integral component in Lixir platform’s ability to automatically manage LPs that use liquidity concentration, such as Uniswap v3. The larger than expected number of participants who purchased LIX during the presale shows a growing recognition of both the potential of liquidity concentration, but also the necessity to automate deployment of LPs in order to achieve the highest possible ROI.
On to the next steps and see you all in Valhalla ⚔️
