Fables will conduct its TGE on October 20, with an initial circulating supply capped at 75 million tokens.

BlockBeats news, September 30: Robinhood on-chain DEX Fables announced that FABLES will conduct its TGE on October 20, with the ve(3,3) mechanism launching simultaneously. The points campaign will continue for two more weeks at a rate of 250 million points per week and end on October 19; the full claim guide will be released on October 12, including the points conversion ratio, lock-up options, and the PROLOGUE redemption process.

Points participants must choose between claiming liquidity FABLES or locking them as veFABLES for a self-selected term between October 12 and 19. The longer the lock-up period, the higher the allocation ratio received. Wallets that fail to complete their selection before October 19 will lose eligibility to claim. The final allocation will be calculated after points stop accruing, and the claim window will open at TGE and last for one month.

The PROLOGUE snapshot will be taken between October 17 and 18, with 25 million FABLES reserved for PROLOGUE holders. Every 40 eligible PROLOGUE can be redeemed for at least 1 liquidity FABLES. At TGE, the liquidity FABLES corresponding to the PROLOGUE reserve, points claims, and the launch liquidity pool will total no more than 75 million. Team allocation totals 80 million, of which 40 million will be permanently locked as veFABLES, while the other 40 million will have a 6-month lock-up period and vest over two years. No team tokens will enter circulation at TGE.

Currently, Fables has launched 52 markets on Robinhood Chain, with deposits of approximately $45 million, cumulative trading volume exceeding $2 billion, and more than $3.9 million in fees generated.