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SOMA Lockdrop

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Locked and Loaded

Deposit funds to the lockdrop to guarantee early access to DEX liquidity pools.

Lock Funds, Earn Rewards

In Phase 1, participants in the Lockdrop can lock their funds in USDC and earn rewards in the form of Liquidity Provider (LP) tokens and SOMA tokens.

Why Wait? Delegate

For the second phase, participants can add USDC or SOMA tokens from Phase 1 to the SOMA Lockdrop pool for further rewards in the final phase.

Claim LP and SOMA

With the launch of SOMAswap, receive both LP and SOMA rewards for your participation.
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Lockdrop
FAQs

How can I participate in the Lockdrop?

You’ll need to complete the onboarding process on SOMA, once done you can use your approved/whitelisted wallet to participate in the lockdrop.

What is a Lockdrop?

Lockdrops are designed to provide a fairly distributed token launch that helps establish a trading price, sufficient float, trading liquidity and protocol decentralization. You can submit tokens (USDC) to the lockdrop pools in return for SOMA and LP (Liquidity Provider) tokens as a reward.

What are Liquidity Pools?

Liquidity pools allow users to execute token swaps 24/7 through an automatic market maker (AMM). Tokens are deposited into liquidity pools by liquidity providers who receive LP tokens as a receipt for their deposit.

What is an LP token?

An LP token is a Liquidity Provider token. It represents your share of a particular liquidity pool based on your contribution to said pool. This way, the LP tokens become the claim to your share, allowing you to maintain control over that share without external interference.

Can’t see your question answered?

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Delegate, Earn, Claim.

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