Euclid Finance Presents $ECL Token Launch on Bounce Launchpad
BounceBit is excited to partner with Euclid Finance, a comprehensive solution that simplifies the restaking process. Together we’re launching Euclid Finance’s governance token $ECL on the Bounce Launchpad. The $ECL Token Launch is scheduled to be live from April 2, 8AM UTC to April 4, 8AM UTC. Three auction pools are offered: An $AUCTION Staking pool, a whitelist Fixed-Price pool exclusive to BounceBit users who staked at least $100 worth of $AUCTION, and a whitelist Fixed-Price pool exclusive to Euclid’s E-Points holders.
Participants of the $ECL Token Launch on Bounce will receive $ECL’s mirror token, $MIRRORECL. They can use $MIRRORECL to participate in vesting on Euclid Finance’s official website and claim the actual $ECL.
Let’s dive into the details of Euclid Finance and their upcoming $ECL Token Launch on Bounce Launchpad.
What is Euclid Finance?
Euclid Finance is a comprehensive solution that simplifies the restaking process, offers an omnichain liquid asset (elETH) representing restaked positions, and establishes a trustless and permissionless operator network. Euclid aims to enhance the accessibility, security, and decentralization of EigenLayer while fostering a robust DeFi ecosystem.
Euclid has two major features that set it apart from other protocols:
1. elETH is a omnichain liquid asset
elETH is a yield-bearing liquid wrapper representing the restaking position. With Euclid, users can deposit their ETH and LSTs from different networks without worrying about bridging or gas fees.
2. Trustless and Permissionless Operator Network
Euclid enables restakers to delegate their assets to various operators. Operators must stake ECL (Euclid’s governance token) and restake ETH/LST independently, which then serve as security deposits, ensuring the operators’ eligibility and competence in fulfilling their responsibilities. This mechanism not only protects restakers’ interests but also incentivizes operators with ECL staking rewards and commission earnings from restakers.
$ECL Token Launch Details
𝐏𝐨𝐨𝐥 𝟏: $𝐀𝐔𝐂𝐓𝐈𝐎𝐍 𝐒𝐭𝐚𝐤𝐢𝐧𝐠
- Pool Page: https://app.bounce.finance/launchpad/euclid-staking
- Subscription Period: April 2, 8AM UTC ~ April 4, 8AM UTC
- $ECL Supply: 5330000 $ECL
- Commit Currency: $AUCTION
- Guide: https://docs.bounce.finance/bounce-staking-auction-user-guide
𝐏𝐨𝐨𝐥 𝟐: 𝐁𝐨𝐮𝐧𝐜𝐞𝐁𝐢𝐭 𝐖𝐋 (First come first serve, exclusive to users who stake >$100 worth of $AUCTION on BounceBit’s Early Access)
- Pool Page: https://app.bounce.finance/launchpad/euclid-bouncebit-wl
- Time: April 2, 8AM UTC ~ April 4, 8AM UTC
- Total Raise: $120000
- $ECL Supply: 6000000 $ECL
- Swap Currency: USDT
- Swap Ratio: 1 $ECL = 0.02 USDT
- WL Addresses: https://docs.google.com/spreadsheets/d/10EeGhIRmZRbYJKkKeKl5keXdAREJiMckIhTwxCPRFRY/edit
- Hard Cap per Address: 300 USDT
- Guide: https://docs.bounce.finance/auction-user-guide/fixed-price-auction-guides/participate-in-a-fixed-price-auction
𝐏𝐨𝐨𝐥 𝟑: 𝐄-𝐩𝐨𝐢𝐧𝐭𝐬 𝐖𝐋 (exclusive to Euclid’s E-points holders)
- Pool Page: https://app.bounce.finance/launchpad/euclid-epoint-wl
- Time: April 2, 8AM UTC ~ April 4, 8AM UTC
- Total Raise: $300,000
- $ECL Supply: 15000000 $ECL
- Swap Currency: USDT
- Swap Ratio: 1 $ECL = 0.02 USDT
- WL Addresses & Allocations: https://docs.google.com/spreadsheets/d/17iSkiFeRf4jQSLA4TN47wXL1Et9ckAmHHV3fK_Mzocc/edit?usp=sharing
- Guide: https://docs.bounce.finance/auction-user-guide/fixed-price-auction-guides/participate-in-a-fixed-price-auction
$ECL Tokenomics
Total Supply：100,000,000
- Airdrop: 15%
- IDO: 26.33%, 20% initial unlock followed with 6 months linear vesting
- Marketing: 3.67%, 20% initial unlock followed with 9 months linear vesting
- Operators Incentives: 20%, 24 months linear vesting
- Genesis Liquidity Bootstrap: 8%, fully unlocked at TGE
- Treasury: 12%, 24 months linear vesting
- NGAD/Advisors: 15%, 3-month cliff, followed with 21-month vesting
Euclid Finance’s Roadmap
2024 Q1:
- Launched the LST Auto Restake Feature: Simplify users’ participation in restaking their LST when Eigenlayer reopens the LST deposit.
- Launched Native ETH Restaking with Leading Ethereum Validator Operator.
- Rolled out the E-Points System: A precursor to the full protocol launch, designed to record benefits.
- Completed smart contract auditing.
2024 Q2:
- Complete token fair launch on launchpad platform.
- Initiate Euclid Governance Token (ECL) TGE.
- Deploy ECL liquidity pool on DEX.
- Launch the Early Depositors Airdrop Campaign #1.
- Launch the cross-chain restaking feature which facilitates users restake with Euclid from different blockchains.
- Introduce the Unstake Feature: Enables users to withdraw their assets from Eigenlayer.
- Integrate elETH with various DeFi protocols and enable use cases such as swapping and yield trading.
- Establish connections with ETH solo validators, and potential Euclid operators.
- Undertake another audit to reinforce security measures.
2024 Q3:
- Launch the alpha version of Tranched Delegation feature which is only open for selected Operators.
- Conduct Early Depositors Airdrop Campaign #2.
- Release the full version of Tranched Delegation feature to the public.
- Conduct Early Operators Airdrop Campaign #1.
- Integrate elETH with other DeFi protocols and enable more use cases such as lending.
- Explore exclusive cooperation opportunities with AVS for Euclid.
- Complete two additional audits to ensure ongoing security.
2024 Q4:
- Launch the Operator Dashboard.
- Establish the AVS research sector for advanced analysis of AVS within Eigenlayer.
- Conduct Early Depositors Airdrop Campaign #3.
- Conduct Early Operators Airdrop Campaign #2.
- Integrate elETH with 2 more DeFi protocols.
About Bounce Brand
Bounce Brand is a prominent decentralized platform dedicated to delivering: BounceBit, building a BTC restaking infrastructure; Bounce Auction, onchain decentralized auctions; BounceClub, an all-in-one Web3 space simplifying smart contract deployment on BounceBit — all tailored for the Bitcoin ecosystem. Committed to enhancing Bitcoin’s smart contract functionality, Bounce Brand strives to empower transformative growth within the blockchain landscape.
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