PikeThe Pike PIU Program is now live!
The Pike PIU Program is live!https://piu.pike.finance A new paradigm for points programs. One that doesn’t lock you in, and lets you monetize your participation at will. Rewarding both onchain activity, and community participation. Earn higher whitelist tiers, and contribute to the Pike Community Presale - for a chance to subscribe to the Pike Governance Token, and being a part of the native multichain DeFi journey at the ground floor.TLDR:$PIU allocation for Discord roles will be unlocked by...
PikePost-Mortem Report: Pike USDC Withdrawal Vulnerability
This report aims to transparently outline the circumstances that led to the financial loss and to assure our users that we are committed to implementing immediate measures to recover stolen funds. On April 26, 2024, 00:13:59 UTC, Pike Finance experienced a security breach due to the exploitation of a vulnerability within the Pike protocol. This resulted in a financial loss of 299,127 USDC incurred across 3 networks — Ethereum, Arbitrum, and Optimism. Only the USDC asset was affected, all othe...
PikeThe Pike PIU Program Part 3 - Why a Presale?
The Pike PIU Program Part 3 This is Part 3 of a 3-Part Blog Series You’re all familiar with points - but have you heard of $PIU? Today, we’ll be diving deeper into why we decided to go with a Community Presale, rather than raising money privately from VCs like most protocols. TLDR:$PIU is a freely tradable community token that serves the utility of whitelist qualification in order to participate in the Pike Community PresaleThe Pike Community Presale is an early investment round designed excl...
Modular money market optimized for cross-chain liquidity
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Modular money market optimized for cross-chain liquidity
PikeThe Pike PIU Program is now live!
The Pike PIU Program is live!https://piu.pike.finance A new paradigm for points programs. One that doesn’t lock you in, and lets you monetize your participation at will. Rewarding both onchain activity, and community participation. Earn higher whitelist tiers, and contribute to the Pike Community Presale - for a chance to subscribe to the Pike Governance Token, and being a part of the native multichain DeFi journey at the ground floor.TLDR:$PIU allocation for Discord roles will be unlocked by...
PikePost-Mortem Report: Pike USDC Withdrawal Vulnerability
This report aims to transparently outline the circumstances that led to the financial loss and to assure our users that we are committed to implementing immediate measures to recover stolen funds. On April 26, 2024, 00:13:59 UTC, Pike Finance experienced a security breach due to the exploitation of a vulnerability within the Pike protocol. This resulted in a financial loss of 299,127 USDC incurred across 3 networks — Ethereum, Arbitrum, and Optimism. Only the USDC asset was affected, all othe...
PikeThe Pike PIU Program Part 3 - Why a Presale?
The Pike PIU Program Part 3 This is Part 3 of a 3-Part Blog Series You’re all familiar with points - but have you heard of $PIU? Today, we’ll be diving deeper into why we decided to go with a Community Presale, rather than raising money privately from VCs like most protocols. TLDR:$PIU is a freely tradable community token that serves the utility of whitelist qualification in order to participate in the Pike Community PresaleThe Pike Community Presale is an early investment round designed excl...
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Pike token generation and distribution took place on 9/30/2024 17:57 UTC
110,761,849.83 Pike tokens distributed to 3,681 Presale Participants
Presale Participants will receive 50% of the tokens subscribed; the remaining 50% will vest monthly over 6 months after a 3 month cliff
Pike tokens will be distributed automatically to the same wallet addresses used for the presale contribution
Pike token format is ERC-20, and the initial trading venue will be Aerodrome on Base
Pike token address on Base: 0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
Like any first-rate plot, it is filled with tests, obstacles, and setbacks. But this is not the end of Pike’s story. Q3 was our transformation phase in terms of mindset and approach to building, which entails much internal work around team restructuring, product redesign, and vision/mission realignment.
As we prepare for an exciting start to Q4, the theme of the plot is our road to resurrection. We are optimistic for a monumental quarter as we prepare for the relaunch of Pike and the activation of go-to-market initiatives.
This also marks an opportune time for us to carry out the token generation event and distribute the Pike token to our Presale Participants and Advisors. As communicated extensively via our Community AMA on 9/19, we are implementing a new playbook for the Pike token launch.
The existing playbook for launching utility tokens creates a significant incentives misalignment between stakeholders (ie. fabricating a short-lived liquidity capture event based on progress to date). Our approach is to enable long-term stakeholders to capture progressive upside as Pike continues to develop and grow. In our opinion, the token is a standalone product and it needs to be treated as a constant work-in-progress, rather than a finished product upon token generation event. Ultimately, we wish to create an opportunity where long-term stakeholders’ incentives are fully aligned with Pike's long-term roadmap and success.
Ticker: P
Token format: ERC-20
Initial circulating supply: 358,450,000
TGE Circulating Supply: 16.75%
Vesting: 83.25% are initially locked, which will unlock over 48 months per vesting schedule below
Initial trading venu:
Aerodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap. Aerodrome NFTs vote on token emissions and receive incentives and fees generated by the protocol.
Token contract address: 0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
Base scan - https://basescan.org/token/0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
TGE distribution TXs - https://docs.google.com/spreadsheets/d/1IC9wILUEXoma-q3-rpa9dIYL-Pfms9H3gXtvT1rGfD4/edit?gid=126959829#gid=126959829
Presale tokens come from the Foundation Treasury allocation
110,761,849.83 Pike tokens distributed to 3,681 Presale Participants
50% of the subscribed tokens were distributed, and the remaining 50% will vest monthly over 6 months after a 3 month cliff period
Pike tokens will be distributed to the same wallets used to make contributions. No claiming is required
Community Presale Contribution and Distribution Checker
4,614,375 Pike tokens to be distributed to 11 Advisors
25% of the allocated tokens will be minted; the remaining 75% will vest monthly over 12 months after a 6-month cliff period
Unallocated tokens will be transferred to a team multisig for future use
Strategic Partners & Ecosystem allocation currently remains unallocated
85,600,000 Pike tokens will be minted and transferred to a team multisig for future use
As part of the restitution plan, an insurance fund was established where 4% of the total token supply (coming from the Community Treasury allocation) would be used as collateral to borrow stablecoin funds from the Team treasury in the form of a loan
8,560,000 Pike tokens, which make up 10% of the restitution supply, will be minted and transferred to a team multisig
Once the stablecoin loan is repaid, the minted Pike tokens will be returned to the Community Treasury
If you come across any issues with the amount of tokens received, please contact us via Discord.
Pike is a Universal Liquidity Protocol; it is designed to unleash utility for native assets by aggregating liquidity across blockchain networks.
Pike’s vision is to become a universal liquidity layer that enables frictionless movement and accessibility of native assets across ecosystems. Pike is built on top of Wormhole’s Cross-Chain Data Messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and utilizes Pyth Network’s Price Feeds.
Learn more at: https://www.pike.finance/
Join the Discord at: https://discord.gg/pikefinance
Pike token generation and distribution took place on 9/30/2024 17:57 UTC
110,761,849.83 Pike tokens distributed to 3,681 Presale Participants
Presale Participants will receive 50% of the tokens subscribed; the remaining 50% will vest monthly over 6 months after a 3 month cliff
Pike tokens will be distributed automatically to the same wallet addresses used for the presale contribution
Pike token format is ERC-20, and the initial trading venue will be Aerodrome on Base
Pike token address on Base: 0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
Like any first-rate plot, it is filled with tests, obstacles, and setbacks. But this is not the end of Pike’s story. Q3 was our transformation phase in terms of mindset and approach to building, which entails much internal work around team restructuring, product redesign, and vision/mission realignment.
As we prepare for an exciting start to Q4, the theme of the plot is our road to resurrection. We are optimistic for a monumental quarter as we prepare for the relaunch of Pike and the activation of go-to-market initiatives.
This also marks an opportune time for us to carry out the token generation event and distribute the Pike token to our Presale Participants and Advisors. As communicated extensively via our Community AMA on 9/19, we are implementing a new playbook for the Pike token launch.
The existing playbook for launching utility tokens creates a significant incentives misalignment between stakeholders (ie. fabricating a short-lived liquidity capture event based on progress to date). Our approach is to enable long-term stakeholders to capture progressive upside as Pike continues to develop and grow. In our opinion, the token is a standalone product and it needs to be treated as a constant work-in-progress, rather than a finished product upon token generation event. Ultimately, we wish to create an opportunity where long-term stakeholders’ incentives are fully aligned with Pike's long-term roadmap and success.
Ticker: P
Token format: ERC-20
Initial circulating supply: 358,450,000
TGE Circulating Supply: 16.75%
Vesting: 83.25% are initially locked, which will unlock over 48 months per vesting schedule below
Initial trading venu:
Aerodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap. Aerodrome NFTs vote on token emissions and receive incentives and fees generated by the protocol.
Token contract address: 0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
Base scan - https://basescan.org/token/0x25e1c298F100d7C600E9e44d46788C1Ebbd4f69B
TGE distribution TXs - https://docs.google.com/spreadsheets/d/1IC9wILUEXoma-q3-rpa9dIYL-Pfms9H3gXtvT1rGfD4/edit?gid=126959829#gid=126959829
Presale tokens come from the Foundation Treasury allocation
110,761,849.83 Pike tokens distributed to 3,681 Presale Participants
50% of the subscribed tokens were distributed, and the remaining 50% will vest monthly over 6 months after a 3 month cliff period
Pike tokens will be distributed to the same wallets used to make contributions. No claiming is required
Community Presale Contribution and Distribution Checker
4,614,375 Pike tokens to be distributed to 11 Advisors
25% of the allocated tokens will be minted; the remaining 75% will vest monthly over 12 months after a 6-month cliff period
Unallocated tokens will be transferred to a team multisig for future use
Strategic Partners & Ecosystem allocation currently remains unallocated
85,600,000 Pike tokens will be minted and transferred to a team multisig for future use
As part of the restitution plan, an insurance fund was established where 4% of the total token supply (coming from the Community Treasury allocation) would be used as collateral to borrow stablecoin funds from the Team treasury in the form of a loan
8,560,000 Pike tokens, which make up 10% of the restitution supply, will be minted and transferred to a team multisig
Once the stablecoin loan is repaid, the minted Pike tokens will be returned to the Community Treasury
If you come across any issues with the amount of tokens received, please contact us via Discord.
Pike is a Universal Liquidity Protocol; it is designed to unleash utility for native assets by aggregating liquidity across blockchain networks.
Pike’s vision is to become a universal liquidity layer that enables frictionless movement and accessibility of native assets across ecosystems. Pike is built on top of Wormhole’s Cross-Chain Data Messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and utilizes Pyth Network’s Price Feeds.
Learn more at: https://www.pike.finance/
Join the Discord at: https://discord.gg/pikefinance
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