# Launch

## **Stargate Protocol Launch Details**

Join the Stargate protocol & launch omnichain DeFi. The launch is separated into 2 different phases: 

* Launch Auction - Bootstrapping an STG-USDC pool on Ethereum 
* Bonding - Building protocol owned liquidity with Stargate

### **Phase 1: Launch Auction**

#### **Swap USDC for STG to create STG-USDC DEX liquidity.**

How it works: 

* The launch auction will remain open for 48 hrs or until 25M USDC is added to the launch auction contract, whichever occurs first.
* 10% of the STG token supply will be auctioned and are locked for 1-year and unlock linearly over 6 months thereafter.
* This liquidity plus an additional 5% of the STG supply will bootstrap the STG-USDC Curve pair and will be protocol owned.
* Because their STG is locked, contributors will receive aSTG, which represents their ownership share of the 10% STG token. Here's how contributors can calculate their share of the auction:
  * (Contributor aSTG balance / Total aSTG balance) \* 100M STG = contributor STG balance
* While their STG is locked, contributors will also receive veSTG (voting escrow STG). Learn more on Stargate governance. 
* Once the launch auction closes: 
  * The STG-USDC Curve pair will go live. 
  * The bonding phase will begin.

### **Phase 2: Bonding**

**Add stablecoin to Stargate bonding curves and receive STG tokens while building Stargate’s protocol owned liquidity.**

How it works: 

* 15.95% of the STG supply will go towards 12 STG bonding curves.
* The initial bonding price will be the opening STG price on the STG-USDC Curve pool.
* The bonding price will increase linearly as contributors purchase STG tokens on individual chains.
* Unlike the Auction, contributors will receive their STG tokens immediately.
* Bonding curves will stay open for 72 hours or until STG reaches 3x the opening bonding price, whichever occurs first.
* Token allocations across all chains are: 
  * Ethereum - 40M STG 
  * BNB - 22M STG 
  * Avalanche - 27M STG 
  * Polygon - 27M STG 
  * Fantom - 22.5M STG 
  * Arbitrum - 13M STG 
  * Optimism - 8M STG