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Liquidity Provider Reward
Figure 1. The Overall Token Flow of Liquidity Provider (LP) Reward
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.
Last modified 1yr ago