Liquidity Programs & Staking
Distributing BDX tokens to farmers and incentivizing DeFi programs with novel rules
BDX rewards will be claimable for users who deposit Blindex LP tokens to incentivized pairs, which can be attained by adding liquidity to token pairs on Blindex. Each incentivized pair will have its own emission rate, and the sum of all BDX rewards across the incentivized pairs will emit at a base rate of
4,200,000 BDXfor the first year,
2,625,000 BDXfor the second year,
2,100,000 BDXfor the third year,
1,050,000 BDXfor the forth year and
525,000 BDXfor the fifth year.
At the time of the claim, 10% of all liquidity mining rewards - will be transferred to the operational wallet with the view of enabling the project to be self sustainable, prior to generating sufficient revenue from the usage of the protocol itself (e.g. mint/redeem fees, deposit-borrow rate margin etc.)
Any LP can lock their LP tokens up to
3650 days (10 years). LP stakes are multiplied by the boost factor (time locked). The time locked boost applies to an individual's stake as a proportion of all of the stakes in the pool, making it a zero-sum outcome when someone gets a boost from time locked stakes. In other words, a time locked boost will increase the amount of BDX a single user gets by increasing their proportion of the pool which decreases the proportion of rewards for everyone else in the pool. This is done to help balance the risk/reward of locking liquidity into the system for a fixed amount of time. Time locked staking is intended to further reward LPs who have a long term belief in the Blindex Protocol and want to commit to providing liquidity for an extended period of time. If any pool emission rate is changed due to a governance action, the time locked stakes of the pool are automatically unlocked so that emission rates don't change on LPs who have committed to locking funds.