PikePike Token Generation
TLDR:Pike token generation and distribution took place on 9/30/2024 17:57 UTC110,761,849.83 Pike tokens distributed to 3,681 Presale ParticipantsPresale Participants will receive 50% of the tokens subscribed; the remaining 50% will vest monthly over 6 months after a 3 month cliffPike tokens will be distributed automatically to the same wallet addresses used for the presale contributionPike token format is ERC-20, and the initial trading venue will be Aerodrome on BasePike token address on Bas...
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:$PIU allocation for Discord roles will be unlocked by...
PikePost-Mortem Report: Pike USDC Withdrawal Vulnerability
This report aims to transparently outline the circumstances that led to the financial loss and to assure our users that we are committed to implementing immediate measures to recover stolen funds. On April 26, 2024, 00:13:59 UTC, Pike Finance experienced a security breach due to the exploitation of a vulnerability within the Pike protocol. This resulted in a financial loss of 299,127 USDC incurred across 3 networks — Ethereum, Arbitrum, and Optimism. Only the USDC asset was affected, all othe...
Modular money market optimized for cross-chain liquidity
PikePike Token Generation
TLDR:Pike token generation and distribution took place on 9/30/2024 17:57 UTC110,761,849.83 Pike tokens distributed to 3,681 Presale ParticipantsPresale Participants will receive 50% of the tokens subscribed; the remaining 50% will vest monthly over 6 months after a 3 month cliffPike tokens will be distributed automatically to the same wallet addresses used for the presale contributionPike token format is ERC-20, and the initial trading venue will be Aerodrome on BasePike token address on Bas...
PikeThe Pike PIU Program is now live!
The Pike PIU Program is live!https://piu.pike.finance A new paradigm for points programs. One that doesn’t lock you in, and lets you monetize your participation at will. Rewarding both onchain activity, and community participation. Earn higher whitelist tiers, and contribute to the Pike Community Presale - for a chance to subscribe to the Pike Governance Token, and being a part of the native multichain DeFi journey at the ground floor.TLDR:$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...
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Modular money market optimized for cross-chain liquidity
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This blog will delve into the tokenomics of Pike’s governance token - P.
It will outline the token allocation to different categories, the initial distribution, as well as the token release schedule.
Pike is pushing the boundaries of natively multichain dApps by enabling users to lend and borrow assets across chains - without the use of asset bridges and wrapped assets. It is currently live on Mainnet on Ethereum, Arbitrum, Optimism and Base, with more chains and ecosystems on the way.
Ticker: P
Maximum Supply: 2,140,000,000
Initial circulating supply: 411,950,000
Token Format: Native ERC20 and SPL (using Wormhole’s Native Token Transfer framework)
Vesting: 80.75% of P are initially locked, which will unlock over the course of 43 months per token release schedule below
P will be distributed across these seven categories:
Note on token release schedules:
Token release schedule for Liquidity Incentives may change accordingly to reflect market conditions and benchmark rate of return. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Staking Incentives may change based on the number of staking participants and usage for staked Pike tokens. More information on staking utility will be announced in the following months. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Community & Launch may change based on the progress of community growth and expansion. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Community Treasury may change based on the number of community led initiatives. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
The ultimate goal of allocating Pike tokens to the respective stakeholder groups is to ensure collaborative and progressive decentralization efforts in scaling the Pike protocol.
Holders of Pike tokens are expected to participate in the decision making on the following topics:
Blockchain network expansion strategy
Asset coverage
Smart contracts upgrade and optimization
Protocol fees settings
Protocol parameter settings
Incentive settings
Community led initiatives
Token utility and release schedule
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.
One fundamental primitive of Pike is to enable users to supply native assets on source chains and borrow native assets destination chains without interacting with cross-chain bridges and handling wrapped assets.
Learn more at: https://www.pike.finance/
Join the Discord at: https://discord.gg/pikefinance
This blog will delve into the tokenomics of Pike’s governance token - P.
It will outline the token allocation to different categories, the initial distribution, as well as the token release schedule.
Pike is pushing the boundaries of natively multichain dApps by enabling users to lend and borrow assets across chains - without the use of asset bridges and wrapped assets. It is currently live on Mainnet on Ethereum, Arbitrum, Optimism and Base, with more chains and ecosystems on the way.
Ticker: P
Maximum Supply: 2,140,000,000
Initial circulating supply: 411,950,000
Token Format: Native ERC20 and SPL (using Wormhole’s Native Token Transfer framework)
Vesting: 80.75% of P are initially locked, which will unlock over the course of 43 months per token release schedule below
P will be distributed across these seven categories:
Note on token release schedules:
Token release schedule for Liquidity Incentives may change accordingly to reflect market conditions and benchmark rate of return. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Staking Incentives may change based on the number of staking participants and usage for staked Pike tokens. More information on staking utility will be announced in the following months. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Community & Launch may change based on the progress of community growth and expansion. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
Token release schedule for Community Treasury may change based on the number of community led initiatives. Change proposals will be communicated in a transparent manner and change decisions will be influenced by Pike community governance.
The ultimate goal of allocating Pike tokens to the respective stakeholder groups is to ensure collaborative and progressive decentralization efforts in scaling the Pike protocol.
Holders of Pike tokens are expected to participate in the decision making on the following topics:
Blockchain network expansion strategy
Asset coverage
Smart contracts upgrade and optimization
Protocol fees settings
Protocol parameter settings
Incentive settings
Community led initiatives
Token utility and release schedule
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.
One fundamental primitive of Pike is to enable users to supply native assets on source chains and borrow native assets destination chains without interacting with cross-chain bridges and handling wrapped assets.
Learn more at: https://www.pike.finance/
Join the Discord at: https://discord.gg/pikefinance
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