Research Summary
The report discusses Lynex’s Initial DEX Offering (IDO) on DAOmaker, with an initial market cap of $421K and a fully diluted valuation of $6M. Lynex is a liquidity marketplace with features like concentrated liquidity infrastructure, automatic liquidity manager aggregator, and elastic liquidity pools. The report also details Lynex’s revenue streams, tokenomics, and roadmap.
Key Takeaways
Lynex’s IDO on DAOmaker
- Initial Market Cap and FDV: Lynex is launching its IDO on DAOmaker with an initial market cap of $421,500 and a fully diluted valuation of $6M.
- Token Unlocks: The report mentions that 20% of the tokens will be unlocked at Token Generation Event (TGE), followed by 20% per month.
Key Features of Lynex
- Concentrated Liquidity Infrastructure: Lynex is powered by Algebra and offers a concentrated liquidity infrastructure.
- Automatic Liquidity Manager Aggregator: Lynex provides a marketplace for Automatic Liquidity Management (ALM) with a set and forget approach, maximizing APY and protection against impermanent loss.
- Elastic Liquidity Pools: Lynex has a dynamic fee structure and a concentrated liquidity model, balancing the incentivization of liquidity providers.
Revenue Streams and Tokenomics
- Revenue from Trading Fees: Lynex generates revenue from trading fees. More volume leads to more fees, more LYNX locked to compete over these revenues, and a decrease in LYNX circulating supply.
- Token Utilities: $LYNX tokens offer a range of utilities including better discounts on Options LYNX, governance participation, voting rewards, emissions directions, liquidity mining, and use as collateral.
Roadmap and Future Plans
- Partnerships and Integrations: Lynex plans to partner with Thena and Algebra, integrate with Gamma Strategies, and introduce single-sided deposits with ICHI by Q3 2023.
- Expansion and Development: Lynex aims to launch Lynex Derivative Products, empower community involvement in significant protocol upgrades through voting, organize Lynex Hackathons, and expand into Institutional Services in the future.
Team and Partners
- Experienced Team: Lynex’s team includes Apeguru (CEO & Founder), Krugo (Head of BD), Bronnie (Head of marketing), and Apetastic (Solidity dev and head of security).
- Advisors and Partners: Lynex has advisors from Myosin, BitNinja Web3 Advisory, Cyber Capital, and Decubate. Its partners include StakeStoke, Overnight, QiDAO, Davos, Orbs, and Apebond.
Actionable Insights
- Monitor Lynex’s IDO: Investors and market watchers should keep an eye on Lynex’s IDO on DAOmaker, given its low initial market cap and potential for growth.
- Understand Lynex’s Key Features: Understanding Lynex’s key features such as its concentrated liquidity infrastructure and automatic liquidity manager aggregator can provide insights into its potential market performance.
- Assess Revenue Streams and Tokenomics: A thorough assessment of Lynex’s revenue streams and tokenomics can provide a clearer picture of its financial health and potential profitability.
- Track Lynex’s Roadmap: Tracking Lynex’s roadmap and future plans can provide insights into its long-term growth potential and strategic direction.
- Consider Lynex’s Team and Partners: The experience and expertise of Lynex’s team and partners can be a significant factor in its success and growth in the market.
