Aqualis Mainnet Launch on Metis: Date and Airdrop Info

in LeoFinance2 months ago

After three years of development, rigorous testing, and strong community support, Aqualis is excited to announce the official mainnet launch on Metis on January 22nd. This milestone represents a significant step forward in the protocol's mission to revolutionize decentralized finance by seamlessly integrating trading and lending to achieve maximum capital efficiency.

To celebrate this momentous occasion, Aqualis will also be kicking off the AQL token airdrop, offering early adopters the opportunity to earn incentives as they explore the Aqualis ecosystem. Whether through adding liquidity, trading, or lending, Aqualis is designed to help participants maximize rewards while contributing to a more efficient DeFi ecosystem.

Please join the official Aqualis Telegram to keep up to date for the exact launch time.

What is Aqualis Protocol?

Aqualis Protocol is a next-generation DeFi platform that seamlessly integrates a decentralized exchange (DEX) with lending functionality to maximize capital efficiency. Unlike traditional DeFi protocols where liquidity is siloed, Aqualis enables liquidity providers to earn from both trading fees and lending interest simultaneously, ensuring that every dollar of liquidity works harder. The protocol is designed with a modular architecture, allowing for multiple DEX structures to work simultaneously.

These DEX structures include:

  • Stablepool (SP): a hyper-efficient pegged asset trading pool that allows for maximum capital efficiency, with lending
  • Univeral Liquidity Pool (ULP): a uniswap v2 style pool that allows any user to create and trade tokens, with lending integration, launch planned in Q2 2025
  • Aqualis v3: a uniswap v3 style liquidity pool that allows users to set concentrated liquidity ranges to optimize efficiency, with lending integration, launch TBD

Aqualis aims to make DeFi more accessible, efficient, and rewarding for all participants, from traders and liquidity providers to projects seeking a reliable platform for their tokens.

What Makes Aqualis Protocol Unique?


What truly differentiates Aqualis is its focus on multi-utilization of assets, allowing liquidity to be shared across trading and lending without compromising efficiency.

The Stablepool (SP) introduces industry-first depeg protection, safeguarding users from total loss in the event of a stablecoin depeg - something traditional DEXs fail to address.

Additionally, the Universal Liquidity Pool (ULP) offers a unique advantage: tokens paired with lending-enabled assets generate rewards even without trading, creating a perpetual upward price pressure for the paired token. By reducing fees for users, increasing rewards for depositors, and implementing protocol-owned liquidity (POL) for long-term stability, Aqualis delivers a sustainable and innovative DeFi solution that sets a new standard for capital efficiency.

What is the AQL Token?

The AQL Token serves as the core governance token of the Aqualis Protocol and AqualisDAO.

Community members will have the opportunity to lock Aqualis tokens to obtain Aqualis Power, a metric that determines both voting influence within the AqualisDAO and the proportional share of rewards from the AQL reward pool.

Protocol revenue will be periodically utilized to buy back and burn AQL tokens from the open market. This mechanism incentivizes holders and the broader Aqualis community to actively contribute to positive decision making through the DAO.

The AQL Token is set to launch at a future date. With no VC involvement, no major presales and no KoL allocations, the only way for the community to obtain AQL tokens prior to launch is through the AQL token airdrop.

AQL Token Information:

  • Chain: launched on ETH mainnet, then subsequently bridged
  • Supply: 288,888,888,888
  • Launch details: Uniswap v3 fair launch - more details to come

AQL Token Allocations:

  • Liquidity: 51%
  • Community incentives/DAO Treasury: 25%
  • Team: 15%
  • Reserved for funding rounds: 9%

AQL Airdrop Lite

A total of 888 million (888,000,000) AQL tokens will be airdropped to the Metis and Aqualis community between the 22nd of Jan to the 28th of Feb based on their on chain and social activity.

How to earn points:

  • Add liquidity: 10 points per stablecoin (rounded down)
  • Trade: 1 point per stablecoin (rounded down)
  • Up to additional 5% of total points dedicated for social activities

Social activities may include community social media contests, meme or creative contests, Twitter engagement, Telegram engagement, Discord engagement and more!

At the end of the airdrop period, tokens will be claimable on Ethereum via a smart contract reachable via the Aqualis frontend or Etherscan. Please note the token will initially only be available on Ethereum, with bridging to Metis available at a later date.

Future of AQL Airdrops

A dashboard will be created for future AQL airdrops, including allocations across each chain and a real time estimate of AQL rewards. Leaderboard prizes and referral rewards will also be introduced in future airdrops.

Monthly AQL airdrops will be distributed across all chains where the Aqualis Protocol is deployed, with the total rewards decreasing by 1% each month unless adjusted by the DAO. Airdrops will eventually be fully automated and include a 30-day vesting period to mitigate any airdrop day price volatility.

How to Bridge Stablecoins to Metis

Using Stargate Finance

  • Visit Stargate Finance
  • Select the chain you want to bridge from, the default has been set to BSC using the above link
  • If you do not have METIS, Stargate will automatically send you enough gas for a few transactions (this is deducted from your stablecoin transaction), but make sure you buy METIS for enough gas for further transactions. You can also set this to 0 if you prefer to handle your own gas.
  • Change gas cost to "fast", unless you don't mind waiting up to 6 minutes
  • Review your transaction and press "Transfer"

Launch and Airdrop Roadmap

  • Launch Aqualis Protocol (SP + Lending) on Metis Testnet (done)
  • Launch Aqualis Protocol (SP + Lending) on Metis Mainnet
  • Start AQL airdrop initiative
  • Launch AQL token on the Ethereum network
  • Launch airdrop claim smart contract on the Ethereum network
  • Enable bridged AQL on Metis
  • Add AQL liquidity on Metis
  • Launch airdrop claim smart contract on the Metis network

Aqualis Protocol's Commitment to Security


Aqualis Protocol places security at the forefront of its development and operations. The platform has undergone three rigorous audits by Hashlock, Australia's leading smart contract auditing firm, earning their highest security rating: Hashlocked. To further enhance reliability, Aqualis has conducted extensive internal testing and launched a public testnet, supported by a $15,000 bug bounty program to encourage community-driven validation. The protocol's modular architecture is designed to isolate potential vulnerabilities, ensuring the overall stability and safety of the ecosystem. Through transparency, thorough testing, and proactive measures, Aqualis Protocol is steadfast in delivering a secure and trustworthy DeFi experience for all participants.

Disclaimer: despite thorough security measures and auditing, no protocol can guarantee an absolute risk-free environment. To mitigate potential risks, Aqualis will employ a soft launch approach, initially capping the SP at 100k. This conservative rollout allows the protocol to scale gradually by increasing the cap over time, ensuring user safety while building confidence in the system's stability.

Staying up to Date

Posted Using INLEO

Sort:  

Thanks for sharing! - @azircon

wow 3 years. Sounds like someone worked really hard to make sure everything was sage before launch. Interesting to see where the liquidity goes, to the V2 or V3 version

Thanks! We'll only have the SP launched for now but V2 and V3 are in the works, think of this like a soft launch before the hype

wow!!! 3 years of cooking something amazing. i wanna be a part of it.

Great job working on this.

Congratulations @aqualis.dao! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 500 HP as payout for your posts, comments and curation.
Your next payout target is 1000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Hive Power Up Day - February 1st 2025
Distriator Infographic Contest - Win 300 HIVE and a badge!