LFi holders can use their LFi in the Vesting Protocol to receive vLFi. Vesting is the process of locking up a certain amount of the total tokens from circulation. vLFi is a non-tranferrable tokens. Once you own vLFi, you can earn vLFi Ecosystem rewards, receive benefits in the whole platform through the Ranking System and vote in L-DAO. For each LFi committed, one vLFi will be transferred into the user wallet.
- 1.Rewards: Hold tokens to receive rewards from the ecosystem.
- 2.Ranking system: The higher the vLFI held, the higher the rank will be, guaranteeing wider allocations within the Launchpad, and to obtain fees discounts on ecosystem products
- 3.Governance: The more tokens held, the higher the voting power.
It will be possible to process the unvesting of vLFi token in the Unvesting page. Through smart contract, you will get back LFi token. Based on the unvesting smart contract, LFi token will release with linear distribution over a period of about 365 days on a block basis. The release follows the following formula: