Pendle and Almanac Points Season 1 Extended: New Stage Begins October 23
The Almanac project has decided to extend Points Season 1, launched in collaboration with the Pendle protocol. The new Pendle pool has been activated to include alUSD contracts expiring on December 11th. Consequently, Phase 3 of Season 1 will begin on Thursday, October 23rd.
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The Almanac team emphasizes that this extension was made to optimize Token Generation Efficiency (TGE) conditions. The goal is a launch supported by Tier-1 listing platforms and a low circulating supply. Launching immediately would have required excessive token allocation to listing platforms, disrupting the initial distribution and jeopardizing long-term compliance.
Instead, they plan to expand Almanac's Total Value Locked (TVL), deepen strategic partnerships, and increase liquidity by extending emissions from October 23rd to December 11th. This approach will reduce the amount of tokens allocated for listing by keeping a tighter circulating supply and preserve supply-side strength. Furthermore, by maintaining a constant daily emissions, it will foster broader participation and prepare the ecosystem for a healthy, demand-driven market entry.
Emissions: Unchanged at 333,333 points per day.
Phase End: October 23.
Stage Duration: October 24 – December 11.
Rewards: An additional 1.67% of the total token supply will be allocated for Phase 3.
Total Token Supply: Will remain constant at 1 billion tokens.
Multipliers: Unchanged for Phase 2; adjustments to be announced at the start of Phase 3.
The TGE event will occur between October 23rd and December 11th, aligning with the new alUSD Pendle contract cycle. This will ensure a launch with the right timing, partners, market conditions, and community alignment.
The phase will begin on October 23 and last until December 11.
- Emissions remain the same (333,333 per day), additional 1.67% TTS reward for Stage 3.
- TGE window: 23 October – 11 December, aligned with the Pendle contract cycle.
- Strategy: TVL growth, low circulating supply, less token allocation for listing.
- A balanced extension aims for a stronger, fairer and more sustainable launch.
Tier emissions will not change. Almanac aims to provide a more solid foundation for the DeFi community with this move. Click here for previous moves!
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This content is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry a high level of risk, and you are responsible for all your investment decisions.
CoinNET.com accepts no liability for any damage or loss that may arise from the contents.
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This content is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry a high level of risk, and you are responsible for all your investment decisions.
CoinNET.com accepts no liability for any damage or loss that may arise from the contents.
