Aptos Ecosystem Sustainable DEX Merkle Trade introduces LBA model in its TGE

BlockBeats news, on September 2, according to official news, the Gamified Perp DEX protocol Merkle Trade based on Aptos launched the Liquidity Bootstrapping Auction (LBA) function.

Existing and new users deposit USDC and/or preMKL within 7 days (August 28 to September 5), during which the ratio between the two assets will determine the initial issuance price of the MKL token. In return, participants will receive MKL-USDC LP tokens, which have double rewards, including 1% of the total MKL supply and transaction fees generated in the pool.