TechFlow news, Retrograde has announced a two-phase launch starting May 2, distributing 120 million RETRO (12% of total supply).
Phase one is a one-week RETRO-UST bootstrapping campaign allowing users to deposit UST and receive RETRO rewards after three months. Rewards will unlock on August 8, with 10 million RETRO distributed in this phase (1% of total supply).
Phase two, the ASTRO/xASTRO acceleration event, runs from May 9 to May 15, allowing users to deposit ASTRO or xASTRO to earn RETRO, rexASTRO, and LP Token rewards after three months. Rewards will unlock on August 15, with 100 million RETRO distributed (10% of total supply).
Additionally, Retrograde plans an airdrop of 10 million RETRO (1% of total supply) to users who participated in the Astroport Launch, held ASTRO, or provided ASTRO-UST liquidity at block height 7045697. Airdropped tokens will be distributed three months after phase one and phase two rewards become claimable, with participants from both phases receiving priority consideration.
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