We are incredibly excited to propose the creation of Pylon Pools for Glow in the Pylon Gateway.
Glow (glowyield.com) is an open ecosystem of innovative consumer dApps leveraging programmable DeFi yields. Our overarching goal is to onboard the next billion users into crypto and make $UST the currency of the internet.
The first set of products to be available on the Glow Ecosystem are:
- Glow Lotto: a prize-linked savings account, boasting a no-loss weekly lottery where you earn 5% annual interest on your savings plus the opportunity to win the jackpot. Glow Lotto has been already audited by Oak Security and will be launched very soon. More info at glowlotto.com
- Glow Creators: a decentralized application that enables creators to build their own social token-based community, without taking money away from their fans. Glow Creators is social money, adopting a no-loss principle for all stakeholders. Launch in Q1 2022.
- and more new community-developed dApps coming in 2022.
To accelerate the launch of new products in the Glow ecosystem we are also building the Glow SDK, with natively built-in crypto-to-crypto and fiat-onramps, which will enable community members to create new mainstream-ready products 10x faster.
The $GLOW token will play a central role in the Glow ecosystem, effectively governing the protocol. Moreover, it accrues revenue to stakers and token holders with every dApp built using the Glow SDK. Long-term stakers and active governance participants will also unlock social money airdrops and the opportunity to participate in Terra’s token creator economy from a privileged position.
We are currently a team of 7 (and growing fast!), with several years of experience building crypto protocols, fintech B2C apps and social marketing tools. To accelerate our growth, we have raised a $2M Buidlers Round, from key founders, creators and strategists in the Terra ecosystem and beyond.
To learn more about Glow, you can check the following links:
- Docs: Introduction - Glow Yield
- Twitter: https://twitter.com/glowyield
- Medium: Glow Yield – Medium
- Discord: Glow Yield
We love the Pylon community and the alignment of our missions is clear. We have recently announced our partnership with the Pylon core team, which will bring great benefits to both $MINE, $GLOW and their communities. You can read more about it here (https://twitter.com/pylon_protocol/status/1465032482953248775). The proposed Glow Pylon pools and Pylon Airdrops reinforce this long-term alignment of vision and incentives.
We plan to distribute 25M $GLOW (2.5% of the total supply) in 3 Pylon pools. This is our proposed pool breakdown:
- Pool 1
- Token allocation: 3M $GLOW
- Vesting period: 6 months
- Glow rewards claimable after 3 months
- Pool 2
- Token allocation: 7M $GLOW
- Vesting period: 12 months
- Glow rewards claimable after 6 months
- Pool 3
- Token allocation: 15M $GLOW
- Vesting period: 18 months
- Glow rewards claimable after 9 months
Moreover, to further benefit the Pylon community and $MINE stakers, we propose a Pylon Airdrop of 10M $GLOW, which represents 1% of the total supply, to be distributed to long-term MINE stakers over the 18 months of the duration of Pool 3.
We cannot think of better long-term partners than the Pylon community to accomplish our ambitious mission. Let’s bring crypto and $UST to the next billion users together!
If you have any further questions about our products, team, roadmap, or proposal, please feel free to ask.