First among these changes was increasing the liquidity owned by the protocol for the USDC/FCTR pair on Camelot. When participating in the token generation event, users would deposit stablecoin USDC into the protocol in exchange for FCTR. Half of the USDC funds raised from the public sale will now be deployed into a liquidity pool that is owned by the protocol. Initially, only 40% was to be used for protocol owned liquidity.
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- Source: https://www.coindesk.com/markets/2023/02/24/token-offering-of-asset-management-platform-factor-raises-roughly-76m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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