Aquifer Module

The subsequent documentation offers a technical synopsis of the Aquifer module and is intended for developers constructing tools and services that engage with the Qwoyn Network.

Overview

The aquifer module provides a token sale mechanism for generating liquidity within an Osmosis Liquidity Pool. Through this process, users purchase vested tokens at a discounted price using USDC, enabling the network-controlled module to leverage the equivalent number of tokens purchased to provide liquidity for a QWOYN:USDC trading pair. In the case of Qwoyn Network, the module offers two million QWOYN tokens, which users can purchase using USDC, up to a limit of one million vested QWOYN tokens at a discount rate yet to be determined. The purchased tokens are subject to a 1-year vesting period during which they cannot be traded or sent, but can be staked to earn rewards. Once the vesting period is complete, the tokens become tradable and transferrable.

To facilitate liquidity provision, the Aquifer module employs Interchain Accounts (ICA) in the Osmosis QWOYN:USDC liquidity pool, which is established during the module launch. This approach enables messages to be sent to and from different chains, allowing for seamless liquidity transfer.

After the sale of one million tokens, the module will stop accepting further purchases. Users can then purchase tokens through the liquidity pool or an over-the-counter (OTC) arrangement, and provide liquidity directly on Osmosis.