🚀Flex Perpetuals Launch Plan (BASE)
The launch of Flex Perpetuals on BASE will be done in four key phases. Each launch phase will have different objectives. Below, we discuss the specific details and how you can participate to earn benefits from each phase:
Phase 1: Seed Raise & Flex Testnet
At the start of our launch event, we will open the Flex Perpetuals Testnet, allowing users to explore the platform's core functionalities. Traders can begin placing trades, depositing collateral, and experiencing the full suite of trading tools available on Flex.
To incentivize participation, we will host a Testnet Trading Competition, where users can compete for USDC prizes based on their trading performance under competition rules.
This phase also includes our Seed Raise—a community-driven investment round, giving our most loyal supporters the chance to invest at the earliest stage, an opportunity typically reserved for Venture Capital.
Key Details:
🔹 Total Allocation: 10% of total supply (500,000 $FDX) 🔹 Raise Cap: $750,000 🔹 Equal Rate: All Seed participants acquire $FDX at the same rate
Seed participants will be able to claim and stake their $FDX once the platform is live. These tokens will be distributed as $LFDX, subject to revenue-sharing and vesting terms. Full details available here
Phase 2: $FDX Token Generation Event (TGE)
Our Token Generation Event (TGE) follows a first-come, first-served model, where the total ETH raised determines the launch price. This phase provides an opportunity for investors to acquire $FDX at a fair and transparent rate, with all participants receiving tokens at the same price.
Key Details:
🔹 Total Allocation: 6% of total supply (300,000 $FDX) 🔹 Raise Cap: 575 ETH 🔹 Equal Rate: All TGE participants receive $FDX at the same price
Launch Price Calculation:
The launch price of $FDX is determined by the total ETH raised, divided by the 300,000 $FDX available.
Example Calculation:
575 ETH / 300,000 FDX = 0.0019 ETH per $FDX
TGE Summary:
💰 Minimum Purchase Amount: None 💰 Max Cap: 575 ETH (If contributions exceed this amount, $FDX will be distributed pro-rata) 💰 Contribution Currency: ETH 💰 Vesting: Immediately liquid and claimable at the end of the TGE
This phase ensures a fair launch, allowing all participants to secure their $FDX with immediate liquidity. 🚀
Phase 3: FLP SURGE
In Phase 3, we will bootstrap the FLP vault, increasing the market-making liquidity to support our leveraged trading features. To reward early adopters of Flex Perpetuals, we will be offering additional incentives for participants in this phase of the launch.
Incentive Details:
Deposits made in this phase will earn additional monthly incentive rewards, based on the value of the deposit and the tier in which assets are deposited.
A maximum of 250,000 $esFDX tokens will be allocated to participants, with rewards determined by the total amount raised and the deposit tiers.
1
500,000
70,000
2
500,000
60,000
3
750,000
50,000
4
1,000,000
40,000
5
1,500,000
30,000
Totals
4,250,000
250,000
How to Calculate Your Rewards:
Example: To calculate your estimated monthly esFDX rewards: (Your FLP deposit / Total FLP in tier) * (Tier esFDX allocation / 12)
Example for $10,000 deposit in Tier 1 (10,000 / 500,000) * (70,000 / 12) = 116.66 esFDX per month
Additional Whale & Large Investor Bonus:
Deposits between $50k - $100k will receive a 5% boost on their $esFDX incentives.
Deposits over $100k will receive a 15% boost on their $esFDX incentives.
Liquidity Lock & Withdrawal:
Liquidity committed in Phase 3 will be locked for the first month.
After the first month, participants can withdraw their funds at any time, but they will no longer be able to re-enter with the same Surge benefits once they’ve withdrawn.
If a user withdraws their liquidity, the rewards for that month and the following months will be redistributed to the remaining FLP surge participants.
If a user partially withdraws, the reduction in ongoing esFDX bonus rewards will be proportional to the amount withdrawn.
Key Dates:
Phase 3 Start Date: 02/11/2025
Phase 3 End Date: 02/16/2025
This phase is designed to maximize liquidity and reward early participants with significant incentives, creating a strong foundation for Flex Perpetuals as we scale. 🚀
Phase 4: Full-scale Launch
✅ Live Trading Begins – Trade with gasless execution, cross-margin, and up to 100x leverage.
✅ Liquidity Added to Aerodrome – $FDX trading is now live!
✅ Incentive Emissions Activated – Earn rewards through FLP staking, Trade-to-Earn, and liquidity incentives.
🔹 The next evolution of perpetual trading starts NOW.
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