AvaOne IFO on Lydia Finance

Lydians, we are very excited to share details of the AvaOne ($AVAO) IFO that will be hosted on the Lydia Finance launchpad.

What is AvaOne?

AvaOne’s goal is simple. Provide a self-funding yield farm to manage investment risk. We meet this goal by only allowing farms with assets that have audited contracts, using trusted Decentralized Exchanges to store those assets, and invoking a perpetual buyback system. The innovative buyback system constantly purchases the AVAO token and burns them, which increases the value of the remaining supply while decreasing the overall supply.

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IFO Sale Details

Sale start time: 2pm GMT on Thu. 9th Dec. 2021

Sale end time: 6pm GMT on Thu. 9th Dec. 2021

Amount to be raised: 700,000 USD in AVAX-USDT.e Lydia LP tokens

Tokens to be sold: 1,000,000 $AVAO

Price per token: 1 $AVAO = $0.7 USD

LYD to be burnt from sale: $200,000 USD in AVAX-USDT.e Lydia LP tokens (Buyback from market & burn)

Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the Overflow method)

Token unlock plan

$AVAO tokens will be released in two steps as follows:

1- %75 on 6pm GMT Thu. 9th Dec. 2021 (Right after the IFO)

2- %25 on 2pm GMT Thu. 23th Dec. 2021

The Lydia launchpad UI will allow you to claim your tokens once they are unlocked at the time specified above.

LYD Burn

If you participated in Lydia IFOs before you already know that we have used LYD-AVAX LP tokens for the sale in the past and burnt the LYD from the total committed LP tokens. Now we have a new strategy. With new Lydia IFOs we will use AVAX-USDT.e Lydia LP tokens and LYD will be directly bought from market and burned.

What is the “Overflow” sale method?

Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will be sent back any leftover funds when they claim their tokens after the sale. This way everyone can participate in the sale.

To participate in the IFO:

Before Sale:

During Sale:

  • While the sale is live, commit your AVAX-USDT.e LP tokens to buy $AVAO tokens at lydia.finance

After Sale:

  • When the sale is complete, claim your first portion of $AVAO tokens and your unspent funds will also be sent back to you.
  • Done! In the case of an overflow you can unstake your remaining AVAX-USDT.e Lydia LP tokens.

If you decide to buy AVAX-USDT.e LP tokens before the IFO starts, you can stake them here to earn LYD token rewards while waiting for the sale.

Please note — while you are holding AVAX-USDT.e LP tokens you will be at risk of Impermanent Loss.

What are the 2 different sale sessions?

Basic Sale ($210,000 30% of Sale allocation)

Want to participate in the IFO and get the most bang for your buck? This is for you.

In the “Basic” session, each person can contribute a MAXIMUM of $200 equivalent in AVAX-USDT.e LP tokens.

The amount of tokens available for the Basic Sale will be 30% of the total sale.

Note that the final allocation you receive will still be subject to the total amount raised in this session.

Unlimited Sale ($490,000 70% of Sale Allocation)

There will not be any contribution limits in this “Unlimited” session but it comes with a participation fee.

The number of tokens available in this portion of the sale will account for 70% of the total sale.

How much is the participation fee?

The participation fee will start at 1%, which is only applied to your contribution in the “Unlimited” session.

The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.

The fee cliff for the AvaOne Finance IFO is as follows:

In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

Please note — The final USD price per AVAX-USDT.e Lydia LP token will be set a few minutes before the sale starting time.

The Farm:

We will launch a AVAO/AVAX farm with a great allocation once the IFO is finished.

Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. Lydia Finance will not be held responsible for any investment losses.

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Lydia Finance

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Decentralized finance platform for Avalanche assets. 🦁

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