Loopfi Launch Plan. Loopfi will be officially launched on Arbitrum with liquidity mining starting from 2:00am (UTC+0), 20 July, 2022.

Loopfi is a non-custodial platform built on top of DeFi protocols featuring the veToken model. It provides a seamless onboarding process to veToken staking from layer2 with much cheaper gas costs, allowing users to keep a liquid position while enjoying boosted staking yield and voting power. Read more about Loopfi in this article.

Stake through Loopfi to earn more

The first DeFi protocol we support is dForce, who launched their veDF tokens earlier this year.

For DF holders, Loopfi makes it easy for them to stake from Arbitrum in exchange for pDF (a tokenized wrapper of veDF) that represents DF token locked up for 4 years (maximum time) in VotingEscrow.

Simply put, the mechanism will work in the following manner:

1. Users deposit DF tokens to Loopfi;
2. Users receive pDF tokens in return;
3. Users stake pDF tokens to unlock access to dForce staking rewards and LPF ewards (step 1~3 will be wrapped into a one-click action for end users);
4. Under the hood, Loopfi will:

• bridge pooled DF tokens from Arbitrum to Ethereum;
• lock up DF tokens in exchange for veDF;
• bridge DF rewards back to Arbitrum upon request;

5. Users can redeem pDF for DF on supported DEXes.

Loopfi Liquidity Mining

Loopfi liquidity mining will kick start from 2:00am (UTC+0), 20 July, 2022 on Arbitrum with the following schedule:

• Stake pDF to receive LPF (136,986 LPF/day for the first year)
• Provide liquidity for LPF/USX on SushiSwap (24,657 LPF/day)
• Provide liquidity for pDF/DF on Curve (16,438 LPF/day)

Please do remember to stake your pDF and LP tokens in order to receive DF rewards and LPF rewards!

About Loopfi

Loopfi a general liquidity solution for escrowed DeFi governance tokens (i.e., veDF, a tokenized version of dForce governance token participating in lock-up staking) holders.

Website | Twitter |

Source

The post Loopfi Launch Plan appeared first on Smart Liquidity Research.

Loopfi Pre-Launch, a general liquidity solution for escrowed DeFi governance tokens (i.e., veDF, a tokenized version of dForce governance token participating in lock-up staking) holders. It Allows liquidity providers to earn various protocol fees and claim boosted rewards, without the need to lock up their DeFi governance tokens. In short, liquidity providers can receive boosted staking rewards and fee accruals, and LPF liquidity mining rewards.

As an open protocol endeavoring to help DeFi users access liquidity with boosted rewards, we welcome any DeFi projects with staking models to partner with Loopfi. A number of protocols have expressed their strong interests in participation, with the first confirmed anchor partner — dForce Network, who has just launched their $DF staking module.

For Anchor Partners

• Loopfi is featuring a multi-chain setup. With many protocols building their veToken model on Ethereum, Loopfi is able to power them with multichain infrastructure support, that being said, users can access their veToken staking from Arbitrum or BSC with much lower gas fee experiences.
• Participants who stake through Loopfi will be incentivized with LPF tokens. Allocation of LPF token to each anchor partner will be capped at 10% of the total LPF supply.
• Anchor partners need to provide bootstrapping liquidity, integration, and co-marketing support. In our partnership with dForce, they will provide USX liquidity to bootstrap the LPF/USX pool.

For DF holders

Stake through Loopfi is currently available on Arbitrum only.

Loopfi enables DF holders to stake from Arbitrum and receive max boost on DF staking rewards as it pools DF tokens together and periodically extends to maximum lock-up period (4 years).

There will be a 15% fee charge on DF staking rewards plus a small fee which will be used to incentivize 3rd parties to trigger the rewards claim (a compensation for gas costs pertaining to the distribution of rewards to stakers). More details will be provided in our documentation.

DF stakers will also receive liquidity mining rewards in the form of LPF token.

Loopfi for DF Stakers

Loopfi users will receive LPF rewards on top of DF staking rewards, making Loopfi an ideal destination for those who wish to stake DF whilst remaining liquid:

• Receive max boost on DF staking rewards and dForce platform fees in the form of DF tokens.
• Receive pDF token (liquid version of veDF) that allows you to exit your staked veDF position at any time.
• Earn more governance voting weights through pDF.

pDF (Tokenized veDF)

pPF the tokenized version of veDF (time-locked DF participating in dForce Lock-up Staking).

• 1:1 minted for each DF locked through Loopfi.
• Stake pDF to receive DF staking rewards and LPF rewards.

LPF (Loopfi Token)

• Stake pDF or provide liquidity to receive LPF.
• In the future, LPF will be use for voting, such as gauge weights.
• Currently, LPF distributed mainly via two approaches:

Stake pDF to receive LPF

○ 136,986 LPF/day in the 1st year

Liquidity Mining:

○ LPF/USX — 24,657 LPF/day

○ pDF/DF — 16,438/LPF/day

About Loopfi

Loopfi a general liquidity solution for escrowed DeFi governance tokens (i.e., veDF, a tokenized version of dForce governance token participating in lock-up staking) holders.

Website | Twitter |

Source

The post Loopfi Pre-Launch Announcement appeared first on Smart Liquidity Research.