Neptune

Today, <a href="https://nept.finance/" rel="noopener noreferrer nofollow">Neptune Finance (Neptune)</a>, a credit network lending protocol, has commenced its $NEPT Liquidity Bootstrapping Event, which will conclude on December 17, 2024, at 18:00 UTC.With a total NEPT token supply of 20,000,000, $NEPT is available on <a href="https://mito.fi/launchpad/inj1awdqcjcnewgzdvfplxgpufuldz2vmm0lapv0ex/" rel="noopener noreferrer nofollow">Mito Finance’s Launchpad</a> at an initial listing price of $2 per $NEPT. $NEPT will first trade on Injective DEX markets with CEX listing(s) planned at a later stage.INJ tokens are required for the token sale and for gas fees. After depositing, participants’ $INJ will be converted in a proportion of 50% $NEPT and 50% $NEPT/$INJ LP based on their contribution to the sale.During the sale, $NEPT can be staked, offering different locking tiers and built-in staking utility features and rewards. Vesting for team and investors is 36 months with a linear unlock.In addition, to promote decentralization, a few top airdrop recipients are expected to have vesting periods after an initial unlock.Upon successful completion of the sale event, participants will be able to claim their $NEPT, which can be used to stake for account health boosts, access to flash loans, governance voting, and staking rewards. In addition, users will also receive LP tokens. They can either redeem the LP tokens for $NEPT and $INJ or they can keep their LP tokens in the $NEPT/$INJ market to earn yield. If the sale does not reach its subscription goal, all $INJ will be returned.Neptune has recently released its <a href="https://articles.nept.finance/nept-tokenomics-iii-the-complete-guide-b8cd5dbcef4b" rel="noopener noreferrer nofollow">updated tokenomics</a>, proven that it provides <a href="https://x.com/neptune_finance/status/1866112584417751207" rel="noopener noreferrer nofollow">the best lending rates in the industry</a> and completed key milestones in the development roadmap including <a href="https://x.com/neptune_finance/status/1863817485734261156" rel="noopener noreferrer nofollow">loop staking</a> and <a href="https://x.com/neptune_finance/status/1863463099006898675" rel="noopener noreferrer nofollow">listing $SOL</a>. The next phase of the Neptune protocol is close to being released soon, advancing into a new chapter of reshaping the DeFi landscape.Users can access the sale here: <a href="https://mito.fi/launchpad/inj1awdqcjcnewgzdvfplxgpufuldz2vmm0lapv0ex/" rel="noopener noreferrer nofollow">https://mito.fi/launchpad/inj1awdqcjcnewgzdvfplxgpufuldz2vmm0lapv0ex/</a>About Neptune FinanceNeptune Finance is a next-generation credit network and high-yield lending protocol designed to provide capital efficiency for lenders, borrowers and DeFi service providers.With the innovative Neptune rates controller, the interest rate curve is dynamically adjusted creating a narrower spread between lend and borrow rates. Neptune provides an overall better representation of the real-time supply and demand characteristics to optimize savings for both lenders and borrowers. Ultimately, Neptune will be the highest efficiency operating protocol for thousands of DeFi service providers and protocol developers. Visit <a href="https://nept.finance/" rel="noopener noreferrer nofollow">nept.finance</a> and discover how to lend, borrow and build with better rates.Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Neptune Finance Launches Liquidity Bootstrap on Mito Finance Launchpad

Optimisus

Other articles published on Dec 12, 2024

Top 7 Crypto Staking Platforms You Need to Know About in 2025

Cardano Releases New Daedalus Version With Key Features

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

Mark Cuban educates comedian Jon Stewart on crypto

Chainlink Partners with 21X to Launch First EU-Regulated Tokenized Securities Market

Join our free newsletter for daily crypto updates!