Adrena
  • About Adrena
    • ๐Ÿ‘๏ธVision
    • ๐Ÿ’‰What is Adrena?
      • โœจNo Liquidation Fees
      • ๐Ÿซ—Peer-to-Pool Perp Model (and the risks as a Liquidity Provider)
      • ๐Ÿ‹๏ธTrading Competitions
        • 0๏ธโƒฃPre-Season: Awakening
        • 1๏ธโƒฃSeason 1: Expanse
      • ๐Ÿ’ฝRPC and Trade Execution
    • ๐Ÿง€Fees
      • ๐Ÿ’ฐRevenue Sharing
      • ๐ŸฏWays to Earn Overview
      • ๐Ÿ’ฑBuybacks
    • ๐Ÿ‘พTrader Profile
    • ๐Ÿ“–Achievements
    • ๐ŸงชMutagen (Points System)
    • ๐ŸคReferral System
    • Audits
    • Bug Bounty Program
    • ๐Ÿ”—Useful Links
  • Tokenomics
    • ๐ŸซฆTokenomics Overview
    • ๐Ÿช™ADX
      • ๐Ÿค‘Distribution
      • ๐Ÿ’ธEmissions
      • ๐Ÿ‘ฅForms of ADX
      • ๐ŸฆบVesting
      • ๐ŸšฐStaked ADX - Rewards Emissions Schedule
      • ๐Ÿ”Staking and Duration Locked Parameters for ADX
      • ๐Ÿ—ณ๏ธVoting
    • ๐Ÿ’ŽALP
      • ๐ŸŒŠGenesis Liquidity [terminated]
        • ๐Ÿ’ฆGenesis Liquidity Program [Terminated]
      • ๐ŸšฐStaked ALP - Rewards Emissions Schedule [Terminated]
      • ๐Ÿ”Staking and Locked Stake Parameters for ALP
  • Technical Documentation
    • ๐Ÿ‘คGovernance Shadow Token
    • ๐Ÿค–MrSablier & MrSablierStaking (Open Source Keepers)
    • ๐Ÿ”ฎOracles and Price Feeds
    • โ˜ข๏ธ"Toxic Flow" Countermeasures
    • ๐Ÿช–Position Parameters
    • โŒšSablier Automation Threads (deprecated)
    • ๐ŸฆStaking Implementation Details
    • Terms and Conditions
    • Token Terms and Conditions
  • Guides
    • ๐Ÿ’ปHow to Change to Devnet in Phantom Wallet
    • ๐Ÿ’งHow to get Devnet SOL
    • ๐Ÿ’ฐHow to Get Tokens to Trade
    • ๐Ÿ“ˆHow to Open and Close a Trade
  • Reports
    • 21/11/2024 - BE - Increase Position, position.price miscalculations
    • 22/10/2024 - Upgrade staking accounting issue causing extra reward distribution
    • 12/10/2024 - BE - Borrow fees reset on position increase
    • 01/10/2024 - BE - Custody internal state for `Assets` reports too much locked collateral
    • 27/09/2024 - BE - Missing accounts reload during fee distribution
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On this page
  • Timeline
  • Adrena Genesis Lock Bonus Rewards
  • Emissions Schedule (Genesis Rewards Only)
  • Emissions Schedule (Genesis Rewards + Standard LP Reward Emissions)
  1. Tokenomics
  2. ALP
  3. Genesis Liquidity [terminated]

Genesis Liquidity Program [Terminated]

To bootstrap liquidity for ALP, the Genesis Lock program distributes extra rewards in exchange for early Adrena Liquidity Pool depositors keeping their collateral locked for 6 months at launch.

In peer-to-pool liquidity platforms, the ability for traders to open positions at sizes they want is contingent on sufficient collateral deposited into the platform (to be borrowed by traders). Thus, good trader UX requires sufficient and stable collateral on platform.

At the same time, collateral owners are inherently yield-seeking and not likely to deposit their collateral into a new platform with no history of generating sufficient yield to overcome their opportunity cost of capital.

Genesis Lock seeks to solve this chicken and egg problem by deploying a bonus reward for early collateral willing to lock for 6 months at launch.

Timeline

On the 17th of September 2024 12AM UTC, the Genesis Liquidity Program campaign will start, opening the ALP deposit for up to 10m USDC (5m reserved and 5m public). After a day, the reserved allocations that have not been deposited will transition to the public amount.

On the 20th September 2024, 3 days after, the campaign will end.

During 2 days, the protocol will be on standby, as the deposited liquidity are rebalanced to JitoSOL/WBTC/BONK with an OTC desk.

On the 22nd September 2024, 5 days after start, the trading will go live (given that there was no issues with the OTC deal).

Adrena Genesis Lock Bonus Rewards

  • The community will be able to deposit USDC up to a $10M cap, with half of the capacity reserved for early investors and contributors, and the other half for the public. Deposits will be accepted on a first-come first-served basis.

  • Deposits will be locked for 6 months.

  • 5% of the ADX supply (50M tokens) will be reserved purely for Genesis Lock depositors.

  • These 50M tokens will be emitted linearly to Genesis Lock stakers the same 6 months in liquid form, and are incremental to regular ALP yield.

  • Genesis Liquidity Providers also receive standard LP rewards in additional to the genesis rewards.

Emissions Schedule (Genesis Rewards Only)

Month
Total $ADX Emissions

1

8,333,333.333333

2

8,333,333.333333

3

8,333,333.333333

4

8,333,333.333333

5

8,333,333.333333

6

8,333,333.333333


As an example: If you deposited $100k, 'x' amount of ALP would be minted representing 1% of your share of the pool ($10M). Based on this, you would receive 83,333.333333 $ADX every month for 6 months, totalling 500k $ADX (1% of rewards).

Emissions Schedule (Genesis Rewards + Standard LP Reward Emissions)

Month
Genesis ALP Rewards
ALP Rewards**
Total $ADX Rewards**

1

8,333,333.333333

15,000,000

23,333,333.333333

2

8,333,333.333333

13,500,000.000000

21,833,333.333333

3

8,333,333.333333

12,150,000.000000

20,483,333.333333

4

8,333,333.333333

10,935,000.000000

19,268,333.333333

5

8,333,333.333333

9,841,500.000000

18,174,833.333333

6

8,333,333.333333

8,857,350.000000

17,190,683.333333

Note: Adrena liquidity pool can be in three states:

  • Genesis: Accepting Genesis Lock deposits

  • Idle: Genesis Lock deposits closed. During this period, the protocol will sell USD for ALP assets to optimal ratios

  • Active: Platform launched, trading active, regular ALP deposits open

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Last updated 8 months ago

** Standard ALP rewards depend on how long you stake your ALP. See for more details.

๐Ÿ’Ž
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๐Ÿ’ฆ
Staking and Locked Stake Parameters for $ALP