Topshelf Finance (LIQR) Coin Complete Detailed Review About Topshelf Finance

About Topshelf Finance (LIQR)

Topshelf Finance Finance is a fork of the Ethereum based Liquefy protocol. TopShelf is a decentralized borrowing protocol that allows users to draw interest-free loans against collateral. Loans are paid out in synthetic tokens (e.g. USDL, BNBL, FTML) and need to maintain a minimum collateral ratio of 110%. The loans are secured by the collateral, a Stability Pool and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation

Topshelf Finance (LIQR) Point Table

Coin Basic	Information
Coin Name	Topshelf Finance
Short Name	(LIQR)
Circulating Supply	N/A
Max Supply	1,000,000,000
Source Code	Click Here To View Source Code
Explorers	Click Here To View Explorers
Twitter Page	Click Here To Visit Twitter Group
Whitepaper	Click Here To View
Support	24/7
Official Project Website	Click Here To Visit Project Website

Who Are The Founder Of Topshelf Finance (LIQR) ?

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LIQR Price Live Data

Topshelf Finance The live Topshelf Finance price today is $0.000352 USD with a 24-hour trading volume of $552.60 USD. update LIQR to USD price in real-time. Topshelf Finance is up 1.61% in the last 24 hours. The current CoinMarketCap ranking is #6239, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 LIQR coins. If you would like to know where to buy Topshelf Finance at the current rate, the top cryptocurrency exchange for trading in Topshelf Finance stock is currently TraderJoe. You can find others listed on crypto exchanges page.

Initial Liquidity Event

Topshelf Finance will be kicking off with an Initial Liquidity Event (ILE) to ensure healthy ongoing liquidity for the native protocol token, LIQR. The ILE will happen simultaneously on BSC, Fantom and Avalanche. At a specific time that we will announce soon, ILE contracts will open for deposits of BNB, FTM and AVAX depending on the chain. Deposits will be open to whitelisted participants only — more information about the whitelisting process will be released shortly (join our Discord!).

There will be an initial contribution cap allowing guaranteed entry for everyone who is whitelisted within the first hour. The cap will double each hour until it is removed at 4 hours. The ILE will last for 24 hours, or until a hard cap of $5m is reached on that chain. The contracts additionally have a soft cap of $1m — once this is reached, the contract will close for new deposits 6 hours later. In the event the soft cap is not reached, participants will be able to withdraw their contribution after 24 hours.

Why use TopShelf?

• 0% interest rate: as a borrower, there’s no need to worry about accruing debt.
• Minimum collateral ratio of 110%: more efficient usage of deposited collateral.
• Governance free: all operations are algorithmic and fully automated, and protocol parameters are set at time of contract deployment.
• Directly redeemable: synthetic tokens can be redeemed at face value for the underlying collateral at any time.
• Fully decentralized: TopShelf contracts have no admin keys; nobody can alter the rules of the system in any way. The smart contract code is completely immutable.

The LIQR token

Topshelf Finance is the native protocol token for Topshelf. It is given as an incentive to early users of the protocol in order to encourage healthy liquidity within the system and on related decentralized exchanges.

LIQR is a revenue-sharing token. 100% of fees generated by the protocol are distributed proportionally to LIQR stakers. As Topshelf is immutable and governance-free, holding LIQR does not convey any governance rights.

Tokenomics

• 3,000,000,000 total supply
• 6% added as initial liquidity for LIQR
• 9% distributed to participants in the initial liquidity event​
• 25% evenly distributed between the Stability Pools over 6 years
• 20% reserved for 3rd party AMM incentives over 6 years
• 20% as incentives for LIQR LP token stakers over 3 years
• 20% vested for the Topshelf team over 3 years (vesting begins 30 days after protocol launch)

Faq Of Topshelf Finance