Lattice 2023: A Year of Growth and Looking Forward to 2024
Dear Lattice Community,
As 2023 draws to a close, it’s been an eventful year filled with significant progress and exciting developments! Let’s take a moment to reflect on some of our major milestones:
- The introduction of Lattice Pools, offering an efficient and cost-effective solution for enhancing project liquidity and creating diverse staking programs.
- The integration of LiFi on Lattice Gateway, providing a seamless way to swap tokens across multiple EVM networks.
- The creation of over 27,200,000 veLTX, with a Total Value Locked (TVL) exceeding 3 million $USD.
- Distribution of over 8 million $USD in rewards via Lattice Gateway.
- More than 800,000 $USD in rewards distributed to veLTX holders.
- Completion of over 1.4 million individual rewards transactions.
- Eleven governance proposals successfully created and voted upon.
Now, let’s dive into the year-end updates that you’ve all been waiting for!
Lattice Governance Votings
[LIP #11] New Income Stream — Treasury Staking
This proposal introduces an innovative approach to maximizing our treasury’s potential. We’re exploring various staking programs and node operations to generate additional rewards from the treasury’s assets. This initiative is a step towards financial robustness and community empowerment.
Find Out More
Voting starts: Tuesday December 19, 2023 at 18:00 UTC
[LIP #12] Lattice Pools Fee Distribution
In a move to streamline our reward system, Lattice Pools will now accumulate fees from rewards claims and convert them into $LTX. This accumulated amount will be allocated to $veLTX holders. This strategy ensures a consistent and economically sensible method of reward distribution.
Find Out More
Voting starts: Tuesday December 19, 2023 at 18:00 UTC
[LIP #13] LiFi Fee Distribution
Mirroring the approach of [LIP #12], the LiFi fee model is also evolving! As fees are received in multiple EVM tokens, our new approach involves accumulating these rewards to purchase $LTX, which will then be distributed to $veLTX holders. This approach is designed to maximize savings on network and swap fees, ensuring a more efficient distribution system.
Find Out More
Voting period: Tuesday December 26, 2023 at 18:00 UTC until Tuesday January 02, 2024 at 18:00 UTC
Lattice Airdrop: Santa Came Early!
Good things take time, but they are always worth the wait! As a special Christmas gift, our $veLTX holders will be treated to two fantastic token aidrops:
- 1,250,000 $JCO Tokens — Available immediately, these tokens come with no vesting period. They’ll be available on the Polygon network, so make sure you have some $MATIC handy to claim them.
- 500,000,000 $LEET Tokens — Hosted on the Ethereum network, these tokens feature a one-month vesting period. Be sure to have some $ETH ready for claiming these tokens.
Mark your calendars for Monday, 12.18.2023 — that’s when the magic happens! If you haven’t already, get your $veLTX in order, or consider staking your $LTX to be part of this exciting airdrop.
$LTX Supply Update
Our circulating supply now stands at 67,242,502 $LTX of the maximum 100,000,000 $LTX. This increase from the previous update of 43 million is primarily attributed to unlocked team tokens, measures for exchange listings and liquidity provision, and various project expenditures. Additionally, we’ve arranged for a split of the remaining treasury tokens into two separate wallets: one for vote escrow and another dedicated to liquidity incentives, as a further measure to enhance security. This will take place sometime next week.
Obius Launchpad Listing Announcement
As you may already know, Obius was accepted as the next Launchpad project by the Lattice community with 100% approval and we will kick off the next year with the Obius Launchpad listing in January!
Mark your calendars for Wednesday, 01.17.2024. We’ve scheduled the Obius Launchpad for this date to ensure everyone has enough time to get back on track post-holidays, without feeling rushed to participate in the launchpad staking process.
In addition, we are excited to announce an increase in the funding for Obius to 50,000 $USD. As an acknowledgment to the support received from the Lattice Community, Obius is increasing the veLTX airdrop by 66%, which will now total 25,000 $USD in $OBS tokens. The airdrop will take place the week after the Obius TGE and it will have no vesting schedule!
Conclusion
Thank you for being the foundation of our community. As we wrap up a successful year and look forward to exciting new ventures, we warmly invite you to take part in upcoming votes and initiatives. Keep in mind, with the expanding adoption and growth of the Hypergraph, Lattice, serving as the DeFi hub of the Constellation ecosystem, will also continue to flourish alongside it.
Cheers to an even more remarkable year ahead!
Be sure you’re subscribed to our mailing list to stay in the loop on all things Lattice Gateway!
Important Links:
- List your Project for Funding on Lattice Launchpad: Apply here
- Participate in our Launchpad
- Join the Lattice Community on Telegram
- Follow Lattice on Twitter
