Understanding $LT
Last updated
Last updated
$LT aims to be the single utility token for all protocols within the HOPE Ecosystem, with a of 1 trillion tokens, creating a unified ecosystem and generating non-dilutive value accrual to $LT. Rewarding our community, users, and partners with $LT, providing them with transparent governance power.
$LT holders can receive veLT by their $LT. By doing so, they not only gain voting power but also enjoy benefits such as sharing Gov Fees and the potential to boost their $LT rewards.
veLT holders can participate in governance by casting votes.
They can vote for , which determine the allocation of daily $LT inflation and are closely related to their base rewards.
They can also vote for various DAO proposals that will be presented in the future.
Liquidity providers who hold veLT can potentially boost their $LT rewards by up to 2.5x compared to those without veLT, by .
To incentivize veLT holders participation in the governance process, they can earn Gov Fees based on the mechanisms in place, which allows veLT holders to receive a share of the fees generated by the HOPE Ecosystem.
The table below can help you understand the incentives and rewards for token holders.
