The Data Lake team made a significant announcement on August 23rd, 2023, revealing the successful execution of a substantial burn, which accounted for 66.67% of the total supply, with most of the initial allocations subject to either a partial or a total burn.
Premise: Providing liquidity is NOT for everybody, as it comes with risks such as impermanent loss (best explained by this article) – risks as well as eligibility criteria are detailed in T&C, that need to be approved before participating our Program. In particular please note that this Program is not for consumers, but for professionals conducting business activities in crypto
Today we are excited to announce the opening of our in-house OTC Desk, where everyone can apply to become a long-term investor in Data Lake! We are allowing new investors to become long-term stakeholders of the project. All LAKE tokens purchased through our OTC Desk will be subject to a variable vesting period, with a minimum of 6 months cliff and 12 months vesting.
