Drive Dao, a quantitative hedge fund for DeFi, is kicking off their public beta launch on March fifteenth, 12 pm EST. The crew tweeted the announcement and particulars on a thread, saying:
“Drive DAO is worked up to launch our Public Beta beginning tomorrow Mar. fifteenth. Early depositors might be eligible for an airdrop of two.5% of all $FORCE tokens.”
The beta program is about to run for 14 days inviting early neighborhood members to check out the platform and refine yield automation for the product earlier than launch. This system is scheduled to finish on March thirtieth, 12 pm EST.
Invite Standards For Individuals
The Drive Dao crew has allotted 2.5% of the whole Drive tokens for the beta program contributors. The Drive crew might be sending out invitations by way of random choice to members from the next teams: Gitcoin contributors, Early Contributor Program, Social Media channels like Telegram, Discord, and Twitter.
Preliminary Vaults, Stakes, And Extra Rewards
Customers should stake ~$1000 in crypto on Drive’s platform to be eligible for the beta tester bonus. Drive might be rewarding further bonuses for high-value crypto deposits from referral codes and time-weighted TVL to encourage deposits all through the beta program.
The beta program could have 7 ethereum primarily based vaults for testing. The preliminary vaults listed are DAI, USDC, USDT, 3CRV, ETH-DAI-SLP, ETH-USDC-SLP, and ETH-USDT-SLP. Every vault might be capped at %1 million, and the cap for every vault might be raised from $1 million > $3million > $5 million > $7.5 million as deposits max out.
Early contributor rewards might be granted for bug reporters too. Greater the variety of bugs discovered by a bug reporter, the upper the probabilities to be included within the airdrop. 50% of the Token rewards are additionally allotted for a gaggle categorized beneath Social butterflies.
That is the group of people that have shared invite codes to addresses that generate $15000 USD worth locked, or extra, on the platform. They should have staked the minimal quantity and have an invitation code as nicely.
About Drive DAO
Drive is a decentralized, quantitative hedge fund for DeFi. It brings quant strategists and neighborhood traders collectively to search out yield-bearing DeFi alternatives and discover yield-bearing DeFi alternatives.
Disclaimer: This text is supplied for informational functions solely. It’s not provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.