Another launch is coming to Ignition and we’re excited $ASF!
🔥@asymmetryfin joins Ignition!
We're thrilled to announce the Asymmetry Finance launch on Ignition.
What is Asymmetry Finance?
Asymmetry creates Structured Products that offer yield optimization and customized products for liquid staking and restaking tokens.
Asymmetry pioneers LST solutions and products offering market leading yield, hybrid-LSTs, yield optimization, and custom risk-adjusted positions.
User deposits ETH and Asymmetry’s smart contracts do the rest – yield is automatically generated via a token that holders can use composably in other ecosystems. afETH, Asymmetry’s first structured product, generates 10+% APY on a hybrid staked Ethereum position – over 3x that of regular staking rewards.
The additional yield comes from a DeFi strategy harvesting Convex rewards and automatically trading them for ETH. Never actively managed, always permissionless.
Complicated DeFi strategies are automated by Asymmetry, harnessing rewards from Ethereum staking, Frax, and Curve and abstracting away the complexity of a user navigating each of the dApps separately.
Key Highlights 🔑
* Selected to be part of @joincommonwlth’s worlds first free fund
* Reached the highest Total Value Locked (TVL) growth for the week ended 2nd March 2024
* First TVL cap hit in 12 hours, second TVL cap hit in 2 days. Next cap coming soon, get your wallets ready.
* Pre-Seed round closed oversubscribed in the bear market, Seed round includes Magnus Capital, Sam Kazemian from Frax, and the founders of Convex.
Backed by the Best
Avon Ventures
Magnus Capital
Ecco Capital
Republic Crypto
Comma3 Ventures
@buildwithMV
Contango Digital
Silvermine Capital
Four Moons Capital
Side Door Ventures
CVX5
Mulana Capital
Alpha Praetorian Capital
Sam Kazemian
Angels from Convex Finance, Polychain Capital, P2P, Aerodrome, Akash Network, Very Early Ventures, Castle Island Ventures
And more…
Key Details You Should Know
📅 Wen: May 28 to 29
🚀 Launch Details:
Total Raise: $3,000,000
Token Price: $1.37 (Max Supply: 51,000,000)
Token ticker: $ASF
Raising on: @ethereum
Round: Public
Vesting: 10% on token launch, 1 day cliff, + 12 month daily distribution
🕛 Early Pool Details:
Size: TBA
Snapshot: 27th May, 11AM UTC
Time: 28th - 29th May, 11AM UTC
🌊 Open Pool Details:
Size: TBA
Time: 29th May, 11AM UTC
👁️ Watch this space as we shine the spotlight on Asymmetry Finance in preparation for our upcoming launch!