Tokenomics
The native token of the Metal X Lending ecosystem is LOAN. It's designed to reward both borrowers and lenders who use the platform, as well as to help govern it.
Initial Distribution:
- XMT (MTL): You will receive 333 LOAN for every 1 XMT you hold.
- Unstaked XPR: You will get 1 LOAN for every 1 XPR you hold.
- Short Staked XPR: You will earn 2 LOAN for every 1 XPR that is short staked.
- XPR-USDC Liquidity: You will receive 2 LOAN for every 1 XPR held in the XPR-USDC XPR Network Swap liquidity pool.
- XMT-USDC Liquidity: You will get 666 LOAN for every 1 XMT held in the XMT-USDC XPR Network Swap liquidity pool.
The initial distribution issued a total of 72,647,650,990.8235 LOAN based on the criteria mentioned above.
Initial Inflation: The rewards rate for each pool is set at 200 million LOAN per year. Additionally, the protocol will encourage a LOAN/XPR pool on XPR Network Swap with 1 billion LOAN per year. The total initial inflation at launch is 2 billion LOAN per year.
Governance
Holders of LOAN tokens will have the ability to vote on various decisions for the LOAN Protocol.
Governance includes:
- Determining which tokens can be collateralized for borrowing or lending
- Setting the interest rate curves for borrowing tokens
- Making other governance decisions as needed
This way, LOAN token holders can use their tokens to guide the direction of the protocol, tailor it to their needs, and maintain community control over this DeFi platform.