Lockdrop (Launch)

A lockdrop splits a preset token amount between participants proportional to their deposits * time vested, i.e. you gain tokens by vesting for longer.

For launch, Membrane has 10M tokens up for grabs in the lockdrop that will linearly vest based on the individually chosen vesting period, at a max of 365 days. At the end of the lockdrop, the deposited OSMO (minus operational fees) will be matched with an additional 1M MBRN, paired into an LP & sent to the Governance contract controlled by stakers. Operational fees are 201 OSMO used to create 1 CDT pools & 1 MBRN pool.

After the creation of the 2 pools, the CDT/OSMO pool will receive incentives, 2M within the span of a year. The launch goal is to guarantee liquidity for MBRN so that CDT has a backstop from day 1, so participating in the lockdrop is akin to seeding the protocol's backstop.

Note: The protocol is deployed before launch starts, so users can experiment beforehand. The entire process is handled by a smart contract.

NOTE: MBRN is vested linearly & staked when claimed