Euclid Finance Launches $ECL Governance Token on Bounce Launchpad

Bittime - Euclid Finance, a leading cross-chain rehypothecation liquidity protocol, will launch its governance token, $ECL, on Bounce Launchpad.partnership between Euclid Finance and BounceBit aims to simplify the rehypothecation process and bring new innovations to the DeFi ecosystem.

$ECL Token Launch Details

The $ECL token launch will take place from April 2, 2024 (08:00 UTC) - April 4, 2024 (08:00 UTC). To participate, users can choose from three available auction pools:

• $AUCTION Staking Pool: This pool is open to all users staking Bounce's $AUCTION tokens.
• BounceBit Fixed-Price Whitelist Pool: Exclusive to BounceBit users who have staked at least $100 of $AUCTION tokens.
• Euclid Fixed-Price E-Points Whitelist Pool: Exclusive to Euclid Finance E-Points holders.
• $MIRRORECL Token: Participants in the $ECL token launch on Bounce will receive $MIRRORECL mirror tokens. Participants can use $MIRRORECL to participate in vesting on the official Euclid Finance website and claim real $ECL tokens.

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What is Euclid Finance?

Euclid Finance is a platform that offers a comprehensive solution to simplify the restaking process. Euclid introduces elETH, a cross-chain liquid asset that represents restaking positions. In addition, Euclid Finance is building a trustless and permissionless operator network.

Euclid Finance Key Innovations 

Euclid Finance's key innovations that set it apart from other protocols include:

1. elETH: Cross-Chain Liquid Asset

elETH is an earning liquid wrapper that represents restaking positions. Through Euclid Finance, users can store their ETH and LST from various blockchain networks without needing to worry about bridging or gas fees.

2. Operator Network Without Trust and Permission

Euclid Finance allows restaking users to delegate their assets to various operators. Operators must stake $ECL tokens and restake ETH/LST independently.

This action serves as a security deposit, ensuring operators are qualified and competent in carrying out their duties. This mechanism not only protects the interests of restakers but also provides incentives to operators through ECL staking rewards and commissions from restakers.

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What is Bounce Launchpad?

Bounce is a leading decentralized platform focused on developing Bitcoin-based infrastructure and solutions. Through a partnership with Euclid Finance, Bounce is expanding its reach into the dynamic DeFi space.

The launch of the $ECL token on Bounce Launchpad marks an important step in the evolution of Euclid Finance and the DeFi ecosystem as a whole. elETH and Euclid Finance's trustless operator network offer innovative solutions to improve the accessibility, security, and decentralization of restaking.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

What is Crypto Launchpad? How does it work?

TokenFi Launchpad: A New Era of Fundraising is Coming Soon!

Binance Launchpad and Binance Launchpool, What's the Difference?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.