This technical guide explains how to use Solarbeam, the leading DeFi hub on the Solarbeam Moonriver DEX, to participate in an Initial DEX Offering (IDO) via the Solarbeam Launchpad.
Step 1: Staking SOLAR for veSOLAR
To gain access to IDOs, you must be a participant in the Solarbeam ecosystem.
Navigate to the Solarbeam Official platform.
Acquire SOLAR tokens via the Solarbeam AMM.
Go to the "veSOLAR" tab and stake your SOLAR. This gives you veSOLAR governance tokens, which determine your allocation tier for IDOs. The more veSOLAR you have, the larger your potential allocation.
Step 2: Committing Funds to the IDO
When a new IDO is live, go to the "Launchpad" section.
Select the active project.
Based on your veSOLAR tier, you will be able to commit a certain amount of funds (usually MOVR or stablecoins).
Approve and commit your funds within the specified time window.
Step 3: Claiming Your New Tokens
Once the IDO period ends, the sale is finalized. You can return to the Launchpad page to claim the new project's tokens. Any unspent funds will be returned to you. For a full breakdown of the tiering system, see the Full Official Documentation.
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