TechFlow reports that Pontem Lumio has announced the launch of the Liquidswap DAO (LSD) token on July 30, providing details on the governance token’s utility, initial distribution, and airdrop plans. Liquidswap is the largest AMM protocol on Aptos by trading volume and user count, delivering high-performance trading through the Move programming language.
The LSD token will drive Liquidswap's decentralization, granting governance rights to the community. A total of 42 million LSD tokens will be minted at genesis and become available over three years. The initial allocation includes 40% for the community, with 15% designated for airdrops and staking incentives, 16% allocated to the treasury, 8% for exchange liquidity, and 1% for an initial exchange offering (IEO). The remainder will go to private investors and the core team.
Early users will receive token airdrops, with further details to be released prior to the token launch.
