Lifinity Protocol Documentation
  • What is Lifinity?
  • DEX
    • Oracle
    • Concentration
    • Rebalancing
    • Trading Fees
    • Liquidity
    • MMaaS and LaaS
    • v2
  • Tokenomics
    • Tokens
    • Revenue
    • veIDO
    • Allocations
  • Flares
    • Introduction
    • Profit
    • Buybacks
    • LFNTY Allocation
    • Wallet Addresses
    • Buyout
  • Links
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  1. Flares

Buyout

On July 4, 2023, Lifinity DAO and Flare DAO voted for Lifinity DAO to buy out Flare DAO's liquidity in Lifinity's pools as well as their idle funds. They were purchased using LFNTY from Lifinity DAO's treasury, using LFNTY's intrinsic value at the time as the price. Flare DAO locked the LFNTY received for veLFNTY, which became its new source of revenue.

PreviousWallet Addresses

Last updated 1 year ago