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ICP and token flow diagram.
st-ICP: A token that represents staked ICP-20 in Liquid ICP, combining the value of initial deposit + NNS rewards. st-ICP tokens are minted upon deposit and burned when ICP redeemed. ICP-20/st-ICP tokens' ratio is updated weekly when the oracle reports staking reward amount. st-ICP tokens can be used as one would use ICP-20, allowing you to earn Neuron staking rewards whilst benefiting from e.g. yields across decentralized finance products.
st-ICP: A token that represents staked ICP-20 in Liquid ICP, combining the value of initial deposit + NNS rewards. st-ICP tokens are minted upon deposit and burned when ICP redeemed. ICP-20/st-ICP tokens' ratio is updated weekly when the oracle reports staking reward amount. st-ICP tokens can be used as one would use ICP-20, allowing you to earn Neuron staking rewards whilst benefiting from e.g. yields across decentralized finance products.LICP: Governance token of Liquid ICP ecosystem capped at 10,000,000 tokens. Holders can stake it for Liquidity pool rewards and can participate in insurance staking. Liquid ICP will make monthly LICP buybacks in USDC which is earned from compounded Neuron staking.
LICP: Governance token of Liquid ICP ecosystem capped at 10,000,000 tokens. Holders can stake it for Liquidity pool rewards and can participate in insurance staking. Liquid ICP will make monthly LICP buybacks in USDC which is earned from compounded Neuron staking.- a1: 50% of income from governance tokens sales will go to initial staking in NNS.
- a2: 30% of income from governance tokens sales will go to Secure Vault to secure initial liquidity.
- a3: Governance token holders can stake their tokens in LICP/USDC pool to earn LICP.
- b2: 95% of ICP’s from bridging will go to NNS for staking to generate rewards.
- b3: 5% of ICP’s from bridging will go to Fractional Reserve to ensure the immediate liquidity for the users.
- b5: The remaining 30% will be re-staked for compounding purposes.*Note: b4 to b5 ratio will be calculated weekly according to Fractional Reserves ICP demand and supply will differ, in high demand periods it could be that 100% of rewards would go to Fractional Reserve to refill it.
- s-Bridge: Performs issuance (and burning) of 1:1 pegged representative tokens, for example issuance of pegged ICP, namely ICP-20 can be done through the s-Bridge. When a user deposits Dfinity native asset ICP onto the Liquid ICP platform, s-Bridge performs the minting and issuance of the corresponding ICP-20 to the user’s designated address on EVM compatible blockchain.
- c1: ICP-20 smart contract to manage deposits, staking rewards, issuance of st-ICP and withdrawals of ICP-20 with generated rewards.
- c2: ICP-20 token can be bridged back and user will get ICP coins from Fractional Reserve.
- c3: Swapped ICP-20 tokens could be used as collateral or staked in partnering DeFi ecosystems or in insurance fund to earn rewards.
- d: Is the amount of ICP that leaves the platform where d1= initial swapped ICP + rewards generated from ICP-20's liquid staking.
Last modified 1yr ago