Early Bird ALP Program Unveils— Rules and Benefits
Fellow Aarkadians!
Today, we want to share exciting details on Aark Digital’s Early Bird ALP program.
Before we begin, we’d like to extend our gratitude to over 11,000 applicants who have shown tremendous enthusiasm.
TL;DR
- Early Bird ALP consists of two rounds: WL and Public. The deposit schedule is as the followings:
- WL: July 31st, 1:00 PM (UTC+0) to August 3rd, 1:00 PM (UTC+0)
- Public: August 3rd, 1:00 PM (UTC+0) to August 10th, 1:00 PM (UTC+0) - 500,000 $AARK are allocated for both rounds. WL has more allocation than Public.
- Each round allows deposits on a first-come-first-served basis with a hidden cap.
- Participants can deposit more than the commitment amount submitted in the Google Form.
- Participants can deposit with ETH, USDC, or both.
- Funds will be subject to a 2-month lock-up period after the Open Beta begins.
Important Note: Since the lock-up period will be applied to the whitelisted wallet, please use another wallet to deposit if you are willing to provide additional liquidity in the future.
Participants can also join Airdrop Mining even during the Open Beta.
Stay tuned, and don’t miss this opportunity to earn extra airdrops!
WL Announcement:
Please check the following Google Spreadsheet to confirm whitelisted wallets.
Link: https://docs.google.com/spreadsheets/d/1WtbXlYeMzHlJmTC5b8AA-IfEhWIlAtYaJVN1obudu7E/edit?usp=sharing
We’ll also operate a private Telegram chat room exclusively for selected participants. Once you’ve applied for access, please await approval from the administrators.
Link: https://t.me/+ZSouN4_LlVk3MzE0
How It Works
To participate, users must visit https://app.aark.digital/lp according to the following dates:
- WL: July 31st, 1:00 PM (UTC+0) to August 3rd, 1:00 PM (UTC+0)
- Public: August 3rd, 1:00 PM (UTC+0) to August 10th, 1:00 PM (UTC+0)
Follow these steps to deposit collateral and provide liquidity:
- Click on the “Go to Deposit” button.
- After clicking “Deposit,” choose the assets you want to provide as collateral and enter the amount.
- Return to the Liquidity page and open an ALP position.
Initially, the leverage ratio will be permitted up to 2x. - Once you’ve successfully opened the ALP position, you will see a badge on the upper right side to check the status of your ‘Expected Airdrop’ and the type of Early Bird ALP you are in.
Policy & Rules
- 500,000 $AARK will be allocated to the Early Bird ALP program.
- The token claims will be available in bulk at the TGE. If there’s a remaining lock-up period, users can claim the rest of the tokens daily until the period is over.
- WL users can also participate in the Public round.
- Users must provide liquidity with at least 1x leverage to be eligible for airdrops.
What is ALP?
ALP refers to Aark Digital’s highly advanced LP pool.
Aark Digital changes the dynamics of LP. Single-sided LP allows liquidity providers to use stETH, BTC, USDC, and many others to LP without the need to be exposed to a basket of assets.
On top of such delta-neutrality, Aark Digital enables Leveraged LP, allowing liquidity providers to leverage their LP positions and earn up to 5x APR.
Further implementing funding fees and removing borrowing fees, the balanced long-short open interest exposes LPs to minimum directional risk.
Now liquidity providers can protect their LP assets while earning leveraged returns.
For a detailed explanation of ALP, please refer to our previous post:
https://medium.com/@aarkdigital/supercharged-lps-aark-digitals-delta-neutral-lp-fb6bc0fc707b
Join the movement:
Website: https://aark.digital
Twitter: https://twitter.com/aark_digital
Discord: https://discord.com/invite/aarkdigital
