🪙$TETHYS

The sole token of Tethys

Overview

$TETHYS is the main currency for:

• holding

• staking

• governing the protocol

on https://tethys.finance.

$TETHYS token benefits from trading fees earned on our exchange. Every week trading fees are distributed to $TETHYS stakers over a one week period.

How to buy

You can buy $TETHYS by choosing $METIS - $TETHYS pair on https://tethys.finance exactly like shown on the screenshot below:

Buying TETHYS with METIS

IDO (Initial DEX offering)

$TETHYS was initially distributed via the IDO scheme on 17.12.2021. 800 METIS were pooled against 5,000,000 of $TETHYS, setting the price of 1 $TETHYS = 0,00016 METIS (~1 cent).

Breakdown

17.12.2021

Minted - 6,000,000 $TETHYS

Provided to LP - 5,000,000 $TETHYS

The first buy back - 130 METIS (~750,000 $TETHYS)

this leaves the developer wallet with 1,750,000 $TETHYS

18.12.2021

1 year locking - 1,500,000 $TETHYS

50% of total liquidity buried (locked forever)