Staking
Last updated
Last updated
Long Dragon will provide staking, initially for $LD tokens exclusively but over time as a third-party option for Protocols that choose to work with us to advance/create their own staking pools, with native tokens of said Protocols. We believe that many Protocols will choose this option as it is only a net benefit to them given the aforementioned Liquidity utility that Long Dragon Protocol extends. In addition, creating a staking arm of any Protocol can be extremely expensive, depending on complexity this can reach levels that are just not reasonable for certain communities to take on alone.
Long Dragon Protocol built staking platforms and has already solved both security and utility issues for Protocols that would prefer a plug and play option verses developing one of their own. Additionally, LD has multiple models for staking that Protocols can choose/edit to fit the needs of their communities. Though it is not necessary for Protocols to provide third party staking through LD to work with us in our Liquidity provisions, it can be a net benefit in many ways, and we are here to help.
Staking of $LD tokens serves multiple purposes:
Staking of $LD begins in $LD Primary Staking pool. This staking will have its own rewards, the Primary $LD Rewards.
Primary $LD Rewards:
$LD rewards are provided by a simple APY that has a set base of x% minimum reward for $LD tokens staked. Additionally, $LD Primary Pool Staking has connection to revenue generated within every aspect of Protocol which feeds exclusively into LD Primary Reward stream. As displayed below, $LD has multiple revenue mechanisms that it uses to create true value. $LD Primary Pool staked tokens are the only way to access any individual part of the many $LD reward pools and $LD Primary Pool staked tokens retrieve direct benefit from ALL various reward pools.
YOU MUST STAKE $LD TOKENS IN PRIMARY $LD POOL TO GAIN ACCESS AND UTILIZE ANY OTHER STAKING POOL(S) INSIDE LONG DRAGON PROTOCOL.
ALL STAKING POOLS INSIDE OF LONG DRAGON PROTOCOL, INCLUSIVE OF THIRD-PARTY POOLS, WILL SUPPLY REVENUE DIRECTLY TO $LD PRIMARY POOL.
Staked tokens have varying lockup periods and rewards from said periods has variance as well. $LD rewards are claimable by users inside of the dApp at user discretion as claimable unlocks are available.
Governance:
$LD staked tokens are utilized for governance in the form of voting initiatives set forth by both Team and Long Dragon community. These votes will be inclusive of many subjects that would be an exhaustive list to attempt. Voting power is determined by staked $LD tokens in Primary Pool and are weighted accordingly 1:1 token:vote. We encourage all members to vote on topics as they arise as we aim to be a community project and do believe in the sophistication of our holders.
Access:
Inside of the Long Dragon Protocol dApp there are several features that are only accessible to $LD token holders that are staked inside the $LD Primary Staking Pool. These features include our Sector dApp, War Chest, Launchpad, and AirDrop opportunities. Access to these features requires a minimum amount of $LD staked inside of $LD Primary Staking Pool, which may change from time to time based on community votes.
Sector dApp:
The sector dApp is an advanced tracker of individual sectors within Web3 to monitor growth, retracement, and ultimately can be used to get insights into sector rotations. The dApp also includes multiple KOLs and the tracking of their coins, impact, and other data points that traders/investors may find useful in developing strategies and adding to how they view markets.
Sector dApp has API key into CoinGecko which provides the most up to date information across Web3 Protocols.
While currently managed through a blend of Operator and bot procedures, eventually the Sector dApp will be able to provide autonomous recommendations through its own Ai. The Ai will provide Tokens to observe in Web3 that seem to be presenting an edge based on a multitude of data points it gathers across various verticals. The Ai would also be able to suggest sectors that are likely to gain the next rotation bid given on-chain and CEX data, amongst a plethora of other data points as well.