MilkyDEX: Introducing Milkomeda’s DeFi Hub
Hello Milkomeda community,
we are launching MilkyDEX on April 21st at 2pm UTC with the mission of becoming the premier AMM and liquidity platform of the Milkomeda Ecosystem. But, we don’t want to settle for that. We’re focused on delivering a DeFi hub for Milkomeda’s users seeking security, sustainability and innovation.
We will be fair launching the MilkyDEX Token ($MID) on April 20th through LP farming. There are no pre-minted token allocations.
Inspired by Trader Joe, Geist Finance, Curve and other leading DeFi projects, we are taking the best of both worlds and innovating a sustainable tokenomics model paired with game theory to deliver maximum value for MID holders
The total supply of MID amounts to 150 million, allocated as follows:
- 70% Liquidity mining via MilkyDEX LP farms
- 10% Dev Fund (24 months vesting, including a 2-month cliff)
- 10% Treasury Fund (audits, marketing, rewards, partnerships)
- 10% DAO Fund
MID is continuously minted over 36 months with a decaying emission model. This means that MID will be emitted at a progressively decreasing rate. Such an approach rewards early liquidity providers and provides price stability by cutting inflation constantly. Sustainability is always on our minds!
For the launch of MilkyDEX, kick off with 5 farms (see % weight of MID emission below) and expand to more farms as we grow in TVL and form partnerships with other projects!
- MID / ADA: 65%
- USDC / ADA: 10%
- USDC / USDT: 15%
- ETH / ADA: 5%
- WBTC / ADA: 5%
MID Fee Sharing Model
100% of platform revenues and fees will always go to users who stake and lock their MID. This mechanism ensures steady revenue for holders who actively commit to the protocol by depositing their MID tokens on our platform. As the activity and products offering of Milky grow, our users will benefit from multiple revenue streams.
Roadmap: Becoming The DeFi Hub
The Milky Team will roll out a series of decentralized products and features to develop more ecosystem use cases for users and our MID holders. The development will happen in several phases, each acting as a building block in becoming the leading full-suite platform.
For more information, please read the Milky docs, join our Discord and follow us on Twitter. See you soon, anon! 👋