Tokenomics
The Metal X Lending ecosystem's native token is LOAN, rewarding borrowers and lenders while aiding governance.
Initial Distribution:
- XMT (MTL): 333 LOAN for every 1 XMT held.
- Unstaked XPR: 1 LOAN for every 1 XPR held.
- Short Staked XPR: 2 LOAN for every 1 XPR short staked.
- XPR-USDC Liquidity: 2 LOAN for every 1 XPR in the liquidity pool.
- XMT-USDC Liquidity: 666 LOAN for every 1 XMT in the liquidity pool.
The initial distribution totals 72,647,650,990.8235 LOAN.
Initial Inflation: The rewards rate is 200 million LOAN per year per pool, with an additional 1 billion LOAN for the LOAN/XPR pool, totaling 2 billion LOAN per year at launch.
Governance
LOAN token holders can vote on key decisions for the LOAN Protocol.
Governance includes:
- Choosing collateralizable tokens for borrowing or lending
- Setting interest rate curves for borrowing tokens
- Making other necessary governance decisions
This allows LOAN holders to influence the protocol's direction and maintain community control over the DeFi platform.
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