Liquidity Generation Event

The OATH Liquidity Generation Event (LGE) offered several groundbreaking features that set it apart from traditional LGE models.

Firstly, in order to ensure the distribution of tokens to dedicated members of the community, a proof of community mechanism based on NFTs (Non-Fungible Tokens) was employed. These NFTs were attached with terms and conditions, including a linear vesting period, allocation, and a discount percentage. These terms and conditions were adjusted based on the circulating supply of the NFTs, rarity, holder concentration and the size of the discount. This resulted in the ability for participants to craft unique vesting terms through their community NFTs, giving users the ability to adjust to their own desired profile. Any user without an NFT had access to a 4-year long or 90-day vesting period, all permissionless, which attracted a diverse group of contributors with varying risk appetites and strategies.

The LGE was a success, with a total raise of 9,771,967 FTM. The distribution of investments revealed a Gini Coefficient of 0.854, indicating a somewhat whale-heavy distribution, however this did not detract from the overall success of the event. With the NFT feature and vesting terms, the LGE provided an innovative and inclusive event that was accessible to anyone.