🛃Token Utilities

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.