Fantom Launch & Airdrops

Airdrops — 15:00 UTC

Airdrop for Moose NFT Holders

To reiterate the airdrop specifics from our previous article:

  • All AVAX & MATIC Moose NFT holders will receive a single airdrop of 42 $ELK at the same time;
  • For each airdrop, Rare Moose will receive a 1.5x multiplier and Epic Moose will receive a 2x multiplier

Airdrop for Strong Holders (Liquidity Score)

A total of 20,000 $ELK will be distributed as airdrops according to your Liquidity Score (based on tokens held + LP across Elk networks to date). If you have a Liquidity Score of at least 10, your address and your estimated claim will appear on this spreadsheet.

Begin trading — 16:00 UTC

Trading $ELK on the Fantom Opera network will be available starting from 16:00 UTC. For information on how to get funds on Fantom, please watch this video tutorial.

Yield farming — 18:00 UTC

Here are the liquidity pools that will be listed at launch:

  • fUSDT-ELK
  • USDC-ELK
  • DAI-ELK
  • BOO-ELK
  • SPIRIT-ELK
  • WBTC-ELK
  • WETH-ELK
  • BNB-ELK
  • LINK-ELK
  • ZOO-ELK
  • CREAM-ELK
  • ICE-ELK
  • YFI-ELK
  • AAVE-ELK
  • SUSHI-ELK
  • DSTEIN-ELK
  • SHIBA-ELK
  • FTM-fUSDT
  • FTM-USDC
  • FTM-DAI
  • FTM-WETH

Initial Farming Round Details

  • The first round of incentivized pools will last 9 days. You will need to withdraw your liquidity pairs from these pools after 9 days and stake them again in new contracts to continue earning ELK. The next pool duration will be longer.
  • Strong initial volatility is expected, so there will be no impermanent loss protection (ILP) for these initial pools.
  • Combined rewards across pools will be set to $ELK 1,350 per day.

Introducing Bifrost (liquidity bridge)

Since the Elk mainnet has not launched yet and bridging assets across chains can be difficult and costly, we are setting up a one-time manual bridge option for moving $ELK from either of the existing platforms (Avalanche or Polygon) to Fantom at a 1:1 ratio.

  • Only deposit $ELK! Any other assets will not be counted and will be returned. There is a limit of 2,000 $ELK transferable per chain for each account. There is also a total limit of 100,000 $ELK transferable per chain across accounts, which will be filled on a first-come-first-serve basis until the total limit is reached.

About Fantom Foundation

Fantom is a fast, scalable, and secure Layer-1 EVM-compatible platform, which is built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second; and cost only a fraction of a cent.

Any questions?

Feel free to reach out via our Telegram and Discord!

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