Liquidity Provision
----This page is being kept as a record of how we calculate liquidity prices based on recovered LP tokens! We have now added the $630,000 in native liquidity ($315,000 USDC and the same amount in native tokens)!----
We have also locked those created LP tokens in our locker contract:
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TL;DR: The publicly accessible market cap of the Layer 3 tokens will be equal to the final publicly accessible market cap of the Layer 2 tokens! This generates liquidity prices of $74.31 for CZDIAMOND and $6.72 for DARK.
Liquidity provision will take place according to the Presale Schedule. We will assign the same market cap and market cap ratio to the publicly accessible tokens minted for Layer 3 that the corresponding publicly accessible tokens had in Layer 2 before the swap. This will be based on the pegged price ratio of 16.6 ARCADIUM/MYFRIENDS that was established earlier.
We show the MYFRIENDS and ARCADIUM market caps as of the end of farming in the figure below:
These are the total market caps, not the publicly accessible market caps, so we adjust those values in the Table below to get the initial public market cap numbers of the Layer 3 tokens.
The amount of liquidity funds we recovered from the Liquidity Transfer Event described in the Presale Procedures was $315,072 USDC. Even though MYFRIENDS had a higher public market cap than ARCADIUM, we are assigning 50% of the money to DARK and 50% to CZDIAMOND because of DARK's status as the inflationary farming token. Therefore, we shall provide liquidity in the following way:
In the Token Price - Adjusted column, we have adjusted the ratio between the token prices very slightly to reach 16.6, but almost no adjustment was necessary. The market followed almost a perfect peg to the price ratio of 16.6 ARCADIUM/MYFRIENDS.
We have changed the number of tokens we provided liquidity for to make the public market caps equal to the final public market caps of the Layer 2 tokens. Using these mathe-magics, the public will not lose any market cap during the transfer between layers!
We hope that this clarifies the publicly accessible market caps before and after the transition to Layer 3. That applies only to tokens on Polygon Network. Layer 3 presale participants on Polygon Network also receive 50% of the public tokens for the upcoming Stone Temple Binance on Binance Smart Chain!
You can run the calculations yourself on the attached spreadsheet:
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