Hey All,
Finally the wait is over as the Liquidity Auction for Maya Protocol ended. And as you can see from the above image a grand total of $11.5 Million was raised. What that means is an equivalent amount of $CACAO donations will be added to the liquidity pools. The native token for the Maya Protocol is $CACAO. It has a cap of 100 Million and out of which 90% of the tokens will be redirected to the liquidity pools. The remaining 10% i.e. 10 Million $CACAO tokens will be directed to the Impermanent Loss Protection fund. So what is the expected price of $CACAO once it hits the market. Based on the funds raised it is some what Deterministic that $CACAO price should be around 0.1269 $USD. But these are just estimated numbers and you never know how markets react and we could see even price of $CACAO on a higher side as well..may be $1+ that would be great. Here is the summary of the overall assets and their associated percentages collected during the liquidity auction.
$RUNE raised was just about to hit 4 Million tokens. Total $BTC raised is close to 120, $ETH on the other side 975+ and rest amount close to 200+ Million in stable coins. When I added funds to the liquidity auction at that point in time the total collection was 2+ Million and I was of the opinion total collection could just reach 5+ Million as save us from Ragnarok. Incase Ragnarok was to happen then - Tier 2 and 3 LPs might end up receiving back less and would be at a loss. Since I invested in tier 3 LP this saved me from the loss not happening due to Ragnarok. I also did a post around Maya Launch is Inevitable - Liquidity Auction Surpasses $5+ Million - No Ragnarok...
Maya Bug Bounty Rewards Program - $100K USD
As the @mayaprotocol team gets ready with the launch of the project. We have this Maya Bug Bounty Rewards Program ongoing and there is like $100K USD for grab. The security of the protocol is must and hence this bug bounty program security with @immunefi. For more detail on the Bug Bounty Program and what it is - check the post from the Maya team Here. Hopefully all the things goes well and we have a smooth product launch. I am expecting a 30% profit on my investment which is like close to $1200 as profits for participating in the liquidity auction with $BTC - invested around 0.13+ $BTC. The plan ahead is to take the daily earnings that I receive from my Liquidity pool share that I would be redirecting to the stable coins. And at a later point in time will use those stable coins to buy in #hive and increase my overall stake in #HIVE -- looking forward to 75K+ HIVE Power by the end of this year, 2023...cheers
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? Did you participate in Liquidity Auction for Maya? Would love to hear your thoughts around it in the comment box below? Cheers
Maya Protocol - Liquidity Auction Raises $11+ Million
#rune #thorchain #maya #liquidityauction #liquidity #airdrop #hodl #dex
Image credits:: docs.mayaprotocol.com, app.thorwallet, streamlit.app
Best Regards