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Magic LUM and the Booster ⚡️🐙🪷 The birth of Magic LUM and the start of the Booster are together the most anticipated events for ShimmerSea so far! Magic LUM being the Governance Token of the protocol is the canter stage token on ShimmerSea. The activation of the Booster marks the start of a new token economic model in DeFi!🧵👇 🌐 shimmersea.finance/boosters 📰 link.medium.com/HdQKttgUyHb Magic LUM 🪷 Compared to $LUM which is the reward token of ShimmerSea, $MLUM is the Governance token of ShimmerSea and is therefore limited to 1 million tokens only!💎 Besides being limited in supply the token gives holders voting opportunities. These voting opportunities range from smaller every-day decisions like emission rates for $LUM in farms, to larger strategic decisions impacting the future of the protocol. Finally, holders get to earn all protocol revenue in USDT through a special staking pool, which will go live on IOTA EVM. This includes revenue from trading fees on the DEX and the NFT marketplace, deposit fees, and revenue from fair launches. Until #IOTA EVM a Lumi locked $MLUM->$LUM staking pool will be available. Magic LUM Start and Distribution Magic LUM will start trading shortly before the Booster goes live. This Friday the 1st of March 2024, at 1pm CET the MLUM-USDT trading pool will go live. The pool will have a total liquidity of 50.000 USDT and 2.500 $MLUM. This makes an initial $MLUM price of 20$. Be cautious in the first days of trading as the total liquidity with 100.000 $ value is comparably low! High volatility is to be expected! The initial liquidity will be locked with Hedgey. All other $MLUM tokens will either be locked in the Booster, locked with @hedgeyfinance or only minted later on IOTA EVM. On IOTA EVM the team allocation will be locked in the $MLUM staking pool for another minimum of 6 months and a maximum of 12 months. All other not yet distributed $MLUM tokens will be locked in the new Booster contract on IOTA EVM where they will be distributed over the coming years. Magic LUM distribution: Booster — 79.5 % Team — 20 % Treasury — 0.5 % Shortly after trading starts on the 1st of March, 2024 at 4pm CET, the Booster goes live and everyone can start refining their $LUM to $MLUM. The first month the Booster will have an increased $MLUM emission rate! On March the 2nd at 8pm the MLUM-USDT farm will go live. The Booster ⚡️ The Booster is a special staking pool in which you can refine $LUM to $MLUM. The smart contract works similar to a staking pool with some important modifications. Just like a staking pool a fixed amount of $MLUM tokens is distributed per second through the Booster. The amount of $MLUM a staker earns depends on his share of $LUM allocated into the smart contract. Different to a standard staking pool, the Booster burns the allocated $LUM on a percent basis. This means that your $LUM stake is burned away while the booster rewards you with $MLUM. The emission rate of the Booster in the first month is 30.000 $MLUM and continues with 13.200 $MLUM per month. Security is at the centre of what we do at ShimmerSea. Therefore, the Smart Contract Booster has been audited twice by @HashExOfficial and as well has been audited by @auditone_team. Timeline The birth of $MLUM and the activation of the Booster are two events that happen in sequence. Following all the dates around the launch can be seen: 📅 Friday - 01.03.2024 🕚 11:00am CET - $MLUM gets listed 🕐 1:00pm CET - $MLUM/ $USDT pool start 🕗 8:00pm CET - The Booster goes live! 📅 Saturday - 02.03.2024 🕗 8:00pm CET - $MLUM/ $USDT Farm starts - $LUM/ $USDT Farm starts - $MLUM -> $LUM staking pool Outlook With Magic LUM and the Booster also new farms are being issued for Magic LUM and LUM. The new farms are rewarding liquidity pools with USDT. This will give both tokens, $LUM and $MLUM more price stability. On the horizon we can already see the next big event approaching: ShimmerSea scaling to IOTA EVM. With this, ShimmerSea will evolve to a multi-chain DEX! With this magic evolution the last major puzzle piece of the protocol tokenomics will also go live: The $MLUM staking pool which distributes protocol revenue on IOTA EVM!💥 #ShimmerEVM

Onboarding trusted data sources as oracles opens the door for: 🔸 Spread Betting & Prediction Markets Speculate on crypto price movements or diverse events ranging from sports & politics to weather and beyond. Join existing predictions or create your own.

Your $LUM token are a highway ticket to $MLUM! What is changing with the #Booster for $LUM? 💎 New utility - boost $LUM to $MLUM 🔥 Start of strongest $LUM burning yet $LUM is and stays the reward token of ShimmerSea for all farms on #ShimmerEVM and soon on #IOTAEVM. 💪

FeBOOSTuary continues ⚡️ For at least the next 4 weeks, the following pools will be boosted and receive additional $WRT rewards. This applies to the following pools👇 ⁃ $ADA/ $PAVIA - 15.8% APR (@Pavia_io) ⁃ $ADA/ $COPI - 56% APR (@CornucopiasGame) ⁃ $ADA/ $SOC - 61.6% APR (@the_ape_society) ⁃ $ADA/ $IAG - 42.7% APR (@IagonOfficial) ⁃ $ADA/ $iBTC - 38.4% APR (@Indigo_protocol) ⁃ $ADA/ $iETH - 24.2% APR (@Indigo_protocol) - $ADA/ $NEWM - 41.3% APR (@projectNEWM) They will receive a boost commencing at Epoch 469, so to be eligible, please have deposited during Epoch 468 which is now🫡 Should the TVL increase during this event we will be maintaining this high APR to reward the new LPs trust🤝 Please make sure to let your projects and friends know that the end of Q1 is the time to be providing Liquidity on WR 💪

🏆 The SuperX Competition has officially started! Don't miss your chance to participate and win in a 1 Million $USDT Prize Pool!🔥 Learn more: bingx.com/en-us/act/supe…

We have officially integrated @FlintWallet @eternlwallet @TyphonWallet & now @NuFi_Official to Blueshift with Wrapped Smart Contracts giving Cardano users a native experience to Milkomeda. Which wallet should we integrate next? 🤔

MAGIC LUM BOOSTER TIMETABLE Take notes! All important events in one simple graphic!📅🐙🕗 🚀 $MLUM launch 🚀 Booster launch 🚀 $MLUM staking launch #ShimmerEVM #IOTA

🎉 The latest stats from #Wanchain's sustainable PoS blockchain and decentralised network of bridges! ⏲️ Uninterrupted uptime: 6 yrs, 39 days 🔗 Most bridged asset this week: #USDT #XFlows tx of the week: 134,081.58 $USDT from #Optimism to #Ethereum.

Only 3 days left until the @TheADAPRO token launch commences ⚡️ Please remember to DYOR with this project and the token they are launching. Starts: Feb 26th 12:00 UTC ⏰ Ends: Feb 29th 12:00 UTC ⏰

Wrapped smart contracts for @Milkomeda_com are awesome! Cardano users will have the ability to directly engage with dApps, such as our DEX, using their Cardano wallet. This greatly enhances the UX and expands the accessibility of the Milkomeda ecosystem to Cardano users. 🤯

Wanchain's approved Catalyst proposal with @GoMaestroOrg unlocks billions in EVM-chain liquidity. 💡 Trigger ANY on-chain logic on #Cardano from ANY EVM chain using ANY EVM wallet. Unified blockchain interoperability makes widespread adoption possible. #WeAreAllConnected

Less than two months before the #Bitcoin Halving Learn more about it here 👇 blog.bingx.com/insights/bingx…

🎉 Exciting news! Blueshift has been selected as one of the top startups to present at the prestigious Web Summit Qatar. If you're attending, we'd love to connect and explore potential collaborations. Looking forward to engaging discussions ahead!

📢 $PLT is now live for Spot Trading! Trade now 👉 bingx.com/spot/PLTUSDT Which will be the next #ERC404 Token that will world debut on #BingX?

Lumis are not alone in ShimmerSea!🐙🐵🐐 They swim along with all the leading protocols of #ShimmerEVM! 🌊 Join the #DeepSeaAdventures campaign, earn your badges, win prizes!👇 🌐 tideprotocol.xyz/users/spaces/1…

DYK for the next 5 weeks, you can earn an extra 38.4% APR on your $iBTC 😱 Simply provide liquidity into the $ADA / $iBTC pool here: app.wingriders.com/pools/026a18d0… 🫡 @Indigo_protocol

You can trade $BLUES on @MEXC_Official as well as our DEX. You can buy, sell and trade our $BLUES token on MEXC if you're not comfortable trading on a DEX. buff.ly/3JaLyBL

Booster and $MLUM AMA Session!🎙️🐙 Join @dr_tangle to learn everything around Magic LUM, and the #Booster! Bring all your questions! 📅 Friday, 23.02.2024 🕘 9:00pm CET 📍 discord.gg/zKgPXY6K97 #ShimmerEVM #IOTA

This tutorial will show you how to use Yield Pool on Blueshift DEX! 🔗 Full guide here: youtu.be/qr_SMzc8-RM. Make sure to follow our YouTube channel. We post a lot of educational content around #DeFi there! ✏️