VEO Purchase Flow

VEO Purchase Flow

1. Access the VEO Purchase Page

1. Navigate to the VEOs section in Lucid.

2. Click View to open the purchase page for the available market of your choice.

2. Review VEO Details

Lucid’s VEO purchase flow is divided into two key steps:

Step 1: Deposit

1. Deposit to Steer Protocol: Before purchasing VEOs, users must first deposit liquidity into the associated Steer Protocol pool. This ensures that liquidity is supplied to the underlying pool.

Steer Protocol is Lucid’s integrated automated liquidity manager. It enables efficient liquidity provisioning on Uniswap V3 forks by creating LP positions that can automatically rebalance based on market conditions. This ensures maximum depth and optimal fee generation for the protocol and participants.

1. Token Inputs: Before you can deposit into the Steer LP pool, you need the correct token pair on the correct chain:

Option 1: Bridge the tokens to the target chain:

• Use Lucid’s Bridge UI (a button will be added in the interface).
• Get the correct token pair (50/50 split):

  • Swap into the required tokens using a DEX on the destination chain.

  • You can find token swap options on platforms like CoinGecko under the token’s “Markets” tab.

• Once you have the correct assets in a 50/50 ratio, proceed to deposit them into the Steer LP Pool using the embedded integration directly in the Lucid UI.

Option 2: If you have the correct assets already in your wallet, input the tokens required for the deposit (e.g., WPOL and USDT in this case).

• Use the Max button if you wish to deposit your full available balance.

• Note that your balances are displayed under each token field.

1. Chain Prompt: If you’re on the wrong chain, you’ll be prompted to “Switch to Polygon” (or relevant chain) before proceeding.

3. Purchase

Once the user has received LP tokens from Steer, they will need to swap those tokens into the payout token, which will then be vested and distributed over time.

Once you’ve made the necessary deposit, you can proceed to buy the VEO.

• Token Selection and Amounts

  • Choose the token to pay with.

  • The system will automatically calculate your payout in USDT based on the current discount.

• Details Displayed

  • Current Discount: e.g., 7% discount compared to market price.

  • Your Payout: The number of VEO tokens you’ll receive.

  • Vested Till: The date when your tokens will be claimable.

  • Protocol Fee: The percentage fee applied on the purchase (e.g., 5%).

• Live Pricing Chart: On the right, a graph compares the VEO Price and Market Price over time. You can toggle the view between 1D, 7D, or All time ranges.

• Final Action:

  Once satisfied, click “Buy Bond” to complete the transaction.

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Now that you’ve swapped for the vested tokens, remember to return to the dashboard periodically to claim them. You can access it via the “My VEOs” button or the “Home” button on the left sidebar.