ChainCatcher report: The cross-chain stablecoin bridge Cashmere has announced its expansion plan, making the automated liquidity product Goat LP available to all users, followed by the launch of its flagship product Mountain and the $CSM token. Cashmere Bridge currently supports zero-slippage stablecoin transfers across 16 chains. Goat Street consists of 6,666 goat NFTs on the Robinhood Chain. The team states there is currently no official $CSM token; all related arrangements are tentative and subject to change. Goat LP supports Uniswap v3 and v4 positions on the Robinhood Chain, with positions remaining as Uniswap NFTs in users’ wallets. Auto-reinvestment charges a 10% fee on reinvestment costs, with gas fees covered by the project; auto-range adjustment and auto-exit each charge 0.15%. The official description labels it as experimental software. Mountain’s code has completed testing and will undergo external audit prior to launch. Barn is a soul-bound NFT with up to 10 slots; upon issuance, participants will receive newly minted $CSM on a per-second basis. Goat NFTs can be permanently bonded to receive issuance allocations and cannot be sold or withdrawn after bonding. The team plans to issue 1,000 founding Barns, with reserved slots priced at 0.125 ETH, whitelist slots at 0.25 ETH, and public auction prices reduced from 1.5 ETH to 0.25 ETH. $CSM trading will commence via an official Uniswap v4 ETH pool; market-making and token deployment on Anvil were canceled and redeployed due to technical issues. The maximum supply is planned at 666 million tokens: 10% allocated for official pool liquidity, 25% reserved for the team and treasury with vesting, and 65% issued dynamically through system operations. The team also plans an airdrop for Barn purchasers, Goat Street activators, and early users; wallets that have listed goat NFTs on OpenSea will be excluded.
Cross-Chain Stablecoin Bridge Cashmere Announces Roadmap for Mountain Product and $CSM Token
ChaincatcherShare
Summary
The cross-chain stablecoin bridge Cashmere has released its roadmap for the Mountain product and $CSM token, marking a key update in token launch news. Goat LP will be open to all users, with Cashmere Bridge enabling zero-slippage stablecoin transfers across 16 chains. Goat Street features 6,666 Goat NFTs on the Robinhood Chain. Goat LP targets Uniswap v3 and v4 positions, with fees and gas covered. Mountain’s code has passed testing and will undergo external audits. The $CSM token will be listed on the official Uniswap v4 ETH pool, with a maximum supply of 666 million tokens. Liquidity pools, team, and ongoing issuance will receive token allocations. This on-chain update highlights ongoing protocol development.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.