DKR Whitepaper
  • Drawshop Worldview
  • Roadmap
  • Teams
  • Partnership
  • Investors
  • Contract Address
  • IN-GAME
    • Introduction
    • Components (NFT)
      • Avatar
        • Parts
        • Bability
      • World Land
        • Festival
      • Machines & Dolls
        • NFT Gacha Contract
        • Machine List
        • Doll List
      • Pixel Arts
        • UCC Polling
        • Pixel Arts List
    • Systems
      • PvP
      • Consulting
      • Marketplace
  • TOKENOMICS
    • Joystick Token (JOY)
    • Governance
    • Liquidity Provider Reward
  • External Links
    • Website
    • Opensea
    • Discord
    • Medium
    • Twitter
    • Telegram
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  1. TOKENOMICS

Liquidity Provider Reward

PreviousGovernance

Last updated 3 years ago

Since the JOY token acts as a governance voting power for governing the Drawshop Kingdom Reverse and a reward for the ecosystem participants, high exchange liquidity for JOY is crucial for maintaining a constant incentive flow.

To incentivize setting up the initial liquidity of JOY, 20% of the JOY tokens are allocated as Liquidity Provider (LP) Reward. JOY holders who provide liquidity to the JOY-KLAY pair on Klayswap and stake the LP token to the JOY-KLAY LP Pool on the Drawshop Kingdom can receive the LP reward. The rewards will be distributed pro-rata to the LP tokens they have staked.

Figure 1. The Overall Token Flow of Liquidity Provider (LP) Reward