Lancelot Finance
  • 👋Welcome to Lancelot Finance
  • Overview
    • 💡What we do
    • 🎉Overflow Presale
    • 🎯Futures Milestones
    • 🌐Official Channels
  • Protocol
    • 🤖AMM
    • 🔄Exchange (Swap)
    • 🚀Lancelot's Launchpad
    • ⚖️Loyalty Program - Staking Mechanism
  • Tokenomics
    • #️⃣Tokenmetrics
    • 📶Distribution
    • 🛃Token Utilities
    • ↪️Deflationary Mechanism
  • References
    • 🤝Partnerships
    • 📂Core Team
  • Transparency
    • 🖥️Contracts
    • 🔏Audit
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  • LAKE
  • xLAKE
  1. Tokenomics

Token Utilities

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Last updated 1 year ago

LAKE

Token Contract: TBA

How to obtain:

- Participate in Presale Event.

- Purchase from LAKE liquidity pool on Lancelot DEX.

- Stake xLAKE.

Utilities:

- Earns a proportional share of protocol revenue in the form of a particular currency when staked (shared with staked xLAKE).

- Earns a share of xLAKE token emission when staked.

- Receives governance voting rights to help shape key decisions on the development of Lancelot DEX.

- Receive tiered trading fee discount when staked.

xLAKE

Token Contract: TBA

How to obtain:

- Stake LAKE.

- Participate in successful overflow mechanism.

Utilities:

- Untradeable version of LAKE that must be vested before it can be traded.

- Exact same utilities as LAKE tokens including partaking in share of protocol revenue, earning share of subsequent xLAKE token emissions, and governance rights.

- Earns higher rewards than LAKE due to its non-transferrable nature.

- Staking xLAKE promotes long-term investments and core participation in the Lancelot DEX ecosystem.

- Could potentially be used in a ranking system, giving access to more benefits the more a user stakes or the longer they stake for.

These utilities assign value to both the LAKE and xLAKE tokens not just from a financial perspective, but also from a governance and utility standpoint in the Lancelot DEX ecosystem, fostering active community engagement and aligning the incentives of token holders with those of the platform.

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