Solarbeam Eclipse: Everything You Need to Know

Excitement following our announcement of a launchpad has led to a number of questions. Here is everything you need to know to blast off into orbit using our new IDO and NFT launchpad — Eclipse.

Let’s look at how Eclipse works, what makes it a strong choice among launchpads, and what kind of projects we’re bringing on to launch.

SOLARBEAM INTRODUCES ECLIPSE: IDO AND NFT LAUNCHPAD

Eclipse is a platform dedicated to launching crypto based projects. Eclipse will allow Solarbeam users to gain access to these projects before they go live. Traditionally, these opportunities were only accessible to VCs and insiders, cutting community members out of early stage benefits.

Trust and fairness are core values of Solarbeam. We work hard to make sure that all of our projects are fundamentally driven by those core values. This is why Eclipse will allow our users access to projects when they launch but before they go live. At Solarbeam, we’re all equals.

As a leading DEX with demonstrated commitment to the crypto community, Solarbeam is dedicated to providing on-going support for projects that show a strong potential.

Our experience tells us that this will add value to both the Solarbeam community and the broader crypto ecosystem.

In addition to providing transparency to the process, we’re providing guidance and oversight ensuring that teams have the resources they need to successfully launch their project.

HOW DO I PARTICIPATE IN ECLIPSE?

We’ve designed Eclipse to provide a simple, user- friendly experience. All that is required is having 50 SOLAR tokens in the Solarbeam vaults. The vaults have been designed with a dual purpose: 1. rewarding long term supporters of Solarbeam with more APR for longer staking periods, and 2. establishing rank for multipliers in Eclipse.

HOW DOES IT WORK? A STEP BY STEP LOOK AT ECLIPSE

New Projects

For each new project, users will have the option of two pools in which they will be able to stake their SOLAR/MOVR LP in order to participate.

1. During the sale, users will commit their SOLAR/MOVR LP in the pool of their choice to obtain a project’s tokens.
2. After the sale, users will claim the tokens as well as any unspent funds (in case of overflow).

The Eclipse Pools

There will be two pools available for each project:

Basic pool

Users can commit a maximum amount of $100 USD, this amount can be increased based on their vault multiplier boosts (see multiplier boost table below). There’s no fee for participating.

Unlimited pool

Users can commit an unlimited amount of USD worth, their % in the participation will be boosted by their amount of SOLAR in vault and lockup period. There is a 1% participation tax on the overflow for the Unlimited Pool. The tax will be used to buy back and burn SOLAR.

Vault Multiplier Boosts

1. Starting with a base cap of $100 USD worth, users will have multipliers for their amounts staked, as well as longer lockups. The multipliers apply to the size of user cap, the price per token does not change.
2. There will be tiers for amount staking and lockups.
3. Tiers will be multiplied in order to achieve the user final multiplier. The multipliers are as follow:

ECLIPSE: LET’S DO THIS

If you’re ready to participate, here’s the major guidance of what you will need to know.

1. Users need to stake at least 50 SOLAR in any of the vaults to be eligible to participate at the base cap.
2. The maximum multiplier of 100x will be for those staking at least 500 SOLAR in the 30 day lockup vault (10x * 10x).
3. All pools will use the overflow method, there’s no guaranteed allocation.

Solarbeam is committed to using the Eclipse launchpad to onboard high quality projects onto the Moonriver ecosystem. In addition to delivering high quality partnerships thereby adding value to the network, we also believe this will provide significant value to SOLAR through high yields in vaults, opportunities to participate in exciting new projects, as well as functioning as a burning mechanism for SOLAR.

We look forward to providing these benefits through our accessible launchpad and meaningfully contributing to the growing NFT ecosystem while providing unique advantages to Solarbeam users.

FAQ:

Is there a vesting schedule for tokens?

Every project will have its own vesting schedule. Please refer to the specific pool’s details.

What is the overflow method?

Overflow method is determined by the amount the user commits. The more the user commits to the pool, the more they get. Anything that isn’t spent, is returned (minus the tax).

Users may commit as much or as little as they want, and their final allocation will be based on the amount of funds as well as the multipliers, as a percentage of all funds put in by other users at the time the sale ends. Users will receive any leftover funds when they claim their tokens after the sale.

It’s possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold. In such a case, you will still be able to reclaim all the SOLAR-MOVR LP tokens you committed.

What happens if the project doesn’t raise all the funds targeted?

The sale will proceed as normal, and all funds contributed will be spent.

Want to launch on Eclipse?

Launch your project with Solarbeam, Moonriver’s most-used AMM project and liquidity provider! Bring your token to the most active and rapidly growing community on Moonriver.

Apply here.

Additional Information

Eclipse Website | Main website | Twitter | Discord | Telegram | Medium