The Arbitrum ecological yield index protocol Arbitrove will launch its governance token TROVE today on the Camelot Launchpad

ChainCatcher news, the Arbitrum ecosystem yield index and strategy vault protocol Arbitrove will launch its governance token TROVE on Camelot's Launchpad at 22:00 Beijing time on February 17. The total supply of TROVE is 1 billion tokens, with 20% allocated for public sale, starting at a price of $0.0025 per token. In response to community suggestions, the project team has decided to implement a maximum cap of $100,000 (60 ETH) for each address participating in the Launchpad, and to cancel the originally planned hard cap of $2.5 million (maximum fundraising amount) to prevent sniper bots and whales from targeting its token public sale. Additionally, the project team stated that if the fundraising exceeds $2.5 million, more than half of the funds raised after $2.5 million will be used to deepen the protocol-owned liquidity on Camelot.

ALP is the first index of the Arbitrove protocol, consisting of a basket of selected blue-chip tokens such as GMX, MAGIC, and GRAIL, deployed with various strategies to generate yield for users. In the future, the Arbitrove protocol will add more indices, including specific ecosystem indices like the GMX ecosystem index, GameFi index, and specific strategy indices such as the Ethereum liquid staking derivatives (LSD) strategy index. (source link)