Introduction
Lore is here to make DeFi history, and we’re starting with a bang. We are hitting Scroll hard and fast with a large-scale Initial Farm Offering (IFO) launch. We will emit 25% of the total LORE token supply over our first 90 days.
The IFO will go live at 10pm UTC on August 21st. This explosive distribution will be driven by oLORE – a perpetual call option for the LORE token. This option gives users a discount that will increase by 3.75% per week over the farming period from 5% to 50%, with revenue being split between market liquidity for LORE and rewards for LORE stakers.
Earning oLORE
You can earn oLORE by using the lending market, staking your LORE, or providing liquidity to LORE pools on Scroll DEXs (not live yet)!
Throughout this three-month event, we will host co-marketing events with users within the Scroll ecosystem. To do this, we will enlist the support of our friends who are farming and building on Scroll.
You can participate and earn oLORE by participating in our Zealy campaign!
Post-IFO, Lore will continue to lead in ETH-backed yield products and derivatives. Our team will continue to grow the Lore and Scroll communities, develop novel ETH yield products, and upgrade the platform to offer industry-leading yields.
We want our users to make DeFi history on Scroll with Lore for years to come.
Happy farming, all!
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