4.4. Liquidity Mining

The platform also supports liquid staking mining of LMT, LMG, and other LP TOKEN.

20% of the total amount of LMT, which equals 20 million tokens will be used to reward the NFT holders, and the distribution of these tokens will be completed within 3 years. The production will be reduced by 5% every 3 months. 25,000 LMT will be produced every day before its first production reduction.

In each Reduce Production Cycle, the amount of output quantity per Block Height is as follows, where the time is T (calculated from the start of contract deployment) and output quantity is P. When the number of LPs pledged reaches 2 million, the following table will be used:

Time (T)

Output Quantity per Block Height (P)

03 months

0.868055556

04-06 months

0.824652778

07-09 months

0.783420139

10-12 months

0.744249132

13-15 months

0.707036675

16-18 months

0.671684842

19-21 months

0.6381006

22-24 months

0.60619557

25-27 months

0.575885791

28-30 months

0.547091501

31-33 months

0.519736926

34-36 months

0.49375008

We calculate the stake mining income of the NFT player on a certain day according to the following formula and let the income be R.

The setting of the daily initial output value of the network is B, then B=25000;

A is the bonus coefficient of the NFT player guarding the NFT. If the player does not guard the NFT, the default value is 1.

Assume the current total staking amount of the whole network is FS, which is the sum of the number of LP of all players:

When the number of FS does not reach 2 million, the actual number of LMTs produced per day at each block height is G:

When the number of FS reaches 2 million:

The user revenue R is launched according to the following formula:

LM not only supports the staking of LMG and LMT trading pairs but also supports the staking of LP TOKEN of other trading pairs. Different trading pairs have different multipliers for calculating the number of LM. The longer the staking time, the higher the rate of return. In general, LMT trading pairs have the highest multiples, followed by LMG, and then other trading pairs.

All mechanisms of LMG's liquidity mining are consistent with LMT. It's just that its mineable quantity is 100 times that of LMT, that is, 2 billion LMG.

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