Opium Team and Early Investors Extending Token Vesting Schedule
The decision was collectively made to affirm long-term confidence in the success of Opium Protocol after a successful token launch.
The long-awaited $OPIUM governance token launch earlier this year was well-received by our community and the wider DeFi ecosystem, also because of the fair token distribution mechanism called DROPIUM. The idea behind DROPIUM is simple: Long-term holders of the $OPIUM token rewards end up with more tokens compared to early leavers — they get taxed a part of their tokens for leaving the DROPIUM pool early. In parallel to the token launch, we created the opportunity for early liquidity providers to receive tokens for participating in Opium Finance pools for USDT protection products. Soon thereafter we launched the first in DeFi CDO (risk tranching) built on Opium Protocol.