

GRAIN Sale Heats up as Granary Finance's LGE Event Goes Live
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As part of the LGE event, users can deposit/choose from a variety of assets, with different networks receiving 70% of the $GRAIN incentive supply based on contributor contributions.
$GRAIN Sale Launches on Six Chains
Cross-chain lending protocol Granary Finance has launched its native token, $GRAIN, through a fair-launch Liquidity Generation Event (LGE)
Thank everyone for a successful start to our LGE. More updates and features will be added to https://t.co/VX1kKexGlD over these 2 weeks of the LGE.
— The Granary 🌾 (@GranaryFinance) March 20, 2023
NFT Communities, feel free to ask for bonuses to your community/holders.
Provide some utility! LFG!!!!!!!
👦👟🍻
The $GRAIN LGE started on March 14 and would last for approximately two weeks from launch. The LGE began on Ethereum, Fantom, Optimism, Metis, Polygon, Binance, and Arbitrum.
Each network will have its own LGE contract that supports different tokens for contributions. These networks will receive 70 per cent of the $GRAIN incentive supply based on the amount of contributions made by contributors.
It will be possible for users to choose from a variety of assets to deposit. However, it has been reported that users who use assets other than USDC will experience slippage.
$GRAIN Vesting
The LGE will distribute 12.5% of the $GRAIN supply based on user contributions proportionate to their contribution size and vesting terms. Those who choose to vest will receive their $GRAIN on a linear basis, distributed evenly every quarter for the duration of their vesting period.
When participating, users can choose a vesting period between 1 quarter and 20 quarters. There will be a larger discount for vesting periods that are longer.
Users also have the option to enable an NFT discount by selecting an NFT from the gallery to receive a discount ranging from 2 - 7%. Further, the protocol will support staking with a Balancer Pool Token (BPT), which will feature 80% of $GRAIN and 20% of local gas.
Future Developments
Upon completion of the $GRAIN LGE, airdrop allocations will be determined by snap-shots taken over a 12-month period (03/20/2022 - 10/30/2022), weighted by age, length, and size of contributions.
In addition, $GRAIN will be put into liquidity pools on Balancer, Beethoven-X, Uniswap V3, and other decentralized exchanges based on the amount of $GRAIN allocated to the network.
While Granary V2 is being developed, Granary Finance will continue to focus on key markets and co-incentivizing partners, with tokens being distributed sustainably proportional to fees.
As per protocol, once Granary V2 launches, Granary Finance will scale up incentivization strategies, with a portion of the rewards going to staking pools.
The Granary core contributors will own 11.1% of tokens vested for four years, with 4% reserved for hiring new talent. As of press time, Granary Finance has raised 407,352 USDC. You can learn more about Granary Finance here.
What is Granary Finance:
Granary Finance is an AAVE-inspired decentralised, user-driven borrowing and lending liquidity market. The Granary team has created the first-ever multi-chain LGE to seed liquidity across chains on which Granary will operate. The team has also completed the development of Granary V2 and is currently testing and securing its systems.
Learn more about Granary Finance:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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