⛵Mission 1 : The Voyage to the Future

Campaign Overview

To celebrate the launch of Moai Finance in The Root Network(TRN), we invite $XRP holders within XRPL to embark on our "Voyage to the Future." By joining this journey, participants have the unique opportunity to provide early liquidity to The Root Network. In return, they'll gain exclusive access to $MOAI pre-mining and special $ROOT rewards.

The Backstory

A significant portion of $XRP remains dormant, simply resting in wallets. We see potential in these idle assets. With Moai Finance and Futureverse, our goal is to breathe utility into these assets. Our early liquidity supply campaign aims to incentivize users by offering them attractive rewards for utilizing the untouched $XRP in their wallets.

Campaign Detail

Voyage to the Future

Voyage to the Future is our first liquidity campaign to provide users chance to support under utilized $XRP to join in to early stage protocol and get boosted rewards. During this campaign users will have chance to get extra liquidity rewards composed of pre-mined $MOAI token and $ROOT from the Futurverse. Only thing you need is $XRP. Unlike other liquidity earning pools that require you to provide paired liquidity, in Moai Finance single-asset deposit is supported. Join now to have extraordinary chance to earn rewards and be the earliest members to the ecosystem!

Campaign Duration

Jan 10th, 2024 UTC09:00 ~ Apr 9th, 2024 UTC09:00

Rewards

  • 10% APR in $ROOT

  • Existing pool fee for $XRP-$ROOT pool

  • Moai Points

Who's Invited on This Voyage?

  • Anyone who holds $XRP

  • Anyone excited for the DeFi using $XRP

  • Everyone interested in supporting early ecosystem of Futureverse

How to Join

All you need to join is $XRP in XRPL(XRP Ledger Mainnet) and a Metamask account. Currently we support three wallets in XRPL: Xaman(Xumm), Crossmark, D’cent and Gem wallet.

For detailed tutorial, please visit here.

  1. Click on the campaign banner.

  2. Connect your XRPL wallet and Metamask

  3. Bridge as much $XRP you want to join the campaign

  4. Wait for bridging is done. About ~15min

  5. Input amount of XRP you want to add liquidity and submit. (Be sure to leave about 10 XRP for gas fees in order to add and withdraw transactions.)

Mechanism Behind (How single asset deposit was possible for this campaign)

1. Bridge: In this campaign, we leverage the native bridge developed by The Root Network team, accessible at https://app.rootnet.live/bridge. Originally designed to support the Xaman(Xumm) wallet exclusively, our team has expanded its capabilities to include compatibility with Crossmark and Gem wallets.

2. Single Asset(XRP) deposit: As Moai Finance is based on Balancer V2, we naturally supports single asset LP supply. However, if the amount of a single asset deposit is significant compared to the pool value, you may suffer from impermanent loss. In order to prevent users from impermanent loss, Futureverse team will be supporting the opposite side liquidity in $ROOT, for each $XRP user’s contribution. This strategic approach ensures that campaign participants remain shielded from any adverse effects of single asset LP supply.

3. Rewards: This campaign offers three distinct types of rewards. Firstly, there’s the pool reward, where LP rewards accumulate in both $ROOT and $XRP pools. Secondly, liquidity providers will receive $veMOAI pre-mining rewards, which can be realized in $MOAI tokens vesting over a three-month period starting from the TGE. Lastly, there’s a special $ROOT reward targeting an APR of 10%, calculated based on the quantity of LP tokens held by participants.

Security Audits

For this campaign, a separate contract has been deployed to accumulate funds and distribute rewards. Following is the link to the public repository of the contract and the security audit report from Beosin, one of the leading global blockchain security companies.

Disclaimer

  • This is NOT a $XRP staking! By joining the campaign, you might face the risk of impermanent loss as other liquidity provisions.

  • In order to ensure the security of the pool, every joined $XRP can be withdrawn after 24 hours from the first join.

  • 10% of the extra reward for this campaign will be distributed in $ROOT once you withdraw your $XRP from the pool.

  • If you need a tutorial, please click here for further information.

  • Further information for other protocol risks can be found here.

  • If you have any problem regarding the campaign, please contact us via Discord or support@moai-finance.xyz.

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