TechFlow reports that BounceBit has announced a collaboration with the omnichain liquidity restaking protocol Euclid Finance to launch the governance token $ECL of Euclid Finance on the Bounce Launchpad, aiming to streamline the restaking process.
The token distribution will take place from April 2 at 16:00 to April 4 at 16:00, offering three auction pools: the $AUCTION staking pool, a dedicated pool for BounceBit users holding $AUCTION, and a separate pool exclusively for Euclid E-Points holders.
The total supply of ECL tokens is 100 million, with 15% allocated for airdrops, 26.33% for IDO, and 3.67% for marketing.
Notably, Euclid Finance provides omnichain liquid assets elETH and a trustless operator network, aiming to enhance the DeFi ecosystem.
