Liquidity Acquisition
Traditionally, DEXs have been fully reliant on external LPs to provide liquidity on their platforms. Lifinity instead seeks to become independent by owning the liquidity it provides.
Lifinity accomplishes this by selling discounted LFNTY as veLFNTY for LP tokens of token pairs that it provides liquidity for. Buyers can choose how long they want to lock their LFNTY, with longer lock periods providing larger discounts. The discount on the LFNTY increases over time until it reaches its cap or a buyer is found (which will cause it to decrease). The maximum discount for 4-year locked veLFNTY is 50%.
The program for acquiring liquidity in this way is currently under development.
Last modified 11mo ago