Tokemak Announces BalETH Pool Snapshot for Monk Collection Qualification on October 18th
Tokemak has scheduled a snapshot for the Monk JPEG collection on Friday, October 18, 2024.
This snapshot will include balances from the balETH Autopool and the Balancer balETH/wstETH pool.
Refer to the official tweet by TOKE:
┻┳ TOKEMAK@TokemakXYZ10월 14, 2024Start of a new week. Great time to put your ETH on Autopilot and grow the TVL of tokenized, automated liquidity networks 💹
balETH Autopilots: snapshot for the Monk jpeg collection happens Friday. Any amount in the balETH Autopool and @Balancer balETH/wstETH pool qualifies. pic.twitter.com/ceEcE5J0d3
TOKE Info
Tokemak is a decentralized protocol designed to optimize liquidity provision and yield generation within the DeFi ecosystem. It utilizes an innovative approach to rebalance assets across various decentralized exchanges (DEXs) and stable-pools, ensuring efficient market-making and minimizing gas costs, thereby attracting liquidity providers (LPs).
Tokemak addresses liquidity fragmentation in DeFi by offering a unified platform for efficient liquidity allocation and management. It uses its native token, TOKE, to facilitate liquidity mining and governance. Liquidity Directors, who hold TOKE tokens, can direct the total value locked (TVL) within the protocol to different DeFi markets, including popular DEXs like SushiSwap, Uniswap, Balancer, and 0x.
The TOKE token is central to the protocol’s governance and liquidity management. It allows holders to participate in decision-making processes related to liquidity distribution and governance of the protocol. TOKE holders can lock or migrate their tokens to earn rewards and influence the protocol’s operations, reinforcing their role in the ecosystem’s growth and stability.