Lend Flare
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LFT

LendFlare DAO Token is the governance token of Lend Flare plateform.

By locking LFT tokens into veLFT tokens, users receive:
  • Share of protocol fees.
  • Boost of lending mining yields.
  • Gouvernance rights on Lend Flare after the DAO launch
VeLFT use cases are described more in details here VeLFT .
How get LFT tokens after launch?
  • By providing assets (currently wBTC, ETH, USDC, DAI ) for Curve LP borrowers. This option is available on Lend Flare app, "Supply Page".
  • By buying it on the open market. At the moment, Uniswap has the most liquidity.
Basic information
Initial tokenomics
percentages
quantity
Liquidity provider (excluding the 5% for early liquidity providers)
57%
1727100000
Early liquidity providers, 1 year vesting
5%
151500000
IDO participant,claim instantly
15%
454500000
Team, two-year vesting
3%
90900000
Community, 4 year vesting
4%
121200000
Beta and Alpha Airdrops
1%
30300000
Uniswap permanent liquidity
13.50%
409050000
Tokens sent to blackhole during IDO
1.50%
45450000
Total
100%
3030000000
About 43% of the 3.03 billion tokens are released at launch and distributed as follows
Initially distributed tokens
pourcentages
quantity
Early liquidity providers, 1 year vesting
5%
151500000
IDO participant,claim instantly
15%
454500000
Team, two-year vesting
3%
90900000
Community, 4 year vesting
4%
121200000
Airdrop, claim instantly
1%
30300000
Uniswap permanent liquidity
13.50%
409050000
Tokens sent to blackhole during IDO
1.50%
45450000
Total distributed at launch
43%
1302900000
The initial mining rate is about 0.7 million LFT per day. To counter inflation, the mining rate per year is reduced by
of the previous year. Only the Minter contract can directly mine LFTs, within a certain range. At the end of each year, the mining rate is lowered
LFT Allocation Initially, LFT generated are about 0.7 million per day. The initial allocation ratio is set by the team and then changed by community proposals. The allocation ratio depends on pool gauge weight.
Allocation Ratio
The allocation ratio in each pool is represented by percentage which means how much LFT can be minted in each pool.
Allocation ratio of pool A= pool A gauge weight/total guage weight
Amount of LFT mint by pool A= 0.7 million *allocation ratio of pool A
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On this page
LFT Introduction
Use cases of the LFT token?