Users who participate in the Leverage governance bonding program can bond and lock their Leverage tokens to become governance nodes in the Leverage ecosystem.
Depending on the different lock-up periods, different multipliers are applied on the bonded Lever tokens to generate xLever tokens:
30 Days Lock: 1x multiplier (1,000,000 LEVER = 1,000,000 xLEVER)
60 Days Lock: 2x multiplier (1,000,000 LEVER = 2,000,000 xLEVER)
90 Days Lock: 3x Multiplier (1,000,000 LEVER = 3,000,000 xLEVER)
xLever tokens can then be staked to gain governance power (LVR).
In fact, a governance node that locks 1,000,000 leverage for 3 months can obtain the same amount of governance power as a governance node that locks 3,000,000 leverage for 1 month.
This means that users with less leverage but willing to make long-term commitments and contributions can still have strong representation in governance and have the same say as larger holders.
2) Stakeholders who gain governance rights (LVR)
xLever tokens can be staked to gain governance power, which accumulates in the form of LVR tokens.
LVR Token Economics
Total Supply: 10,000,000,000 LVR (capped)
Release schedule: 2,000,0000,0000 every 90 days (4 staking periods for full release)
Tradable: Yes, liquidity will be provided on Uniswap
Sales Tax: 5% tax on LVR sales transactions and burn (removed from circulation)
Distribution: Governance node rewards (80%), user referral program (19.5%), initial liquidity (0.5%)
Initial fully diluted market cap: $10 million
$lever
