LavaSwap announced last Wednesday, September 1, through its Twitter account, its new vote for the first pair of Binance Smart Chain (BSC) liquidity funds. In addition, the company indicated that these will be the last votes before the “great launch” of the group.
“Based on our 002 vote, our community has decided that we should allocate 80%, all for LAVA Liquidity Fund Rewards and decide 20% later. This means that 80% of the 84 million LAVA tokens will be allocated to our BSC liquidity pool. That means there is a total of 67,200,000 LAVAs to be minted by providing liquidity in LAVAswap”, he said through an article published on the Medium platform.
The company explained that they plan to introduce halving rules for the liquidity pool. The liquidity fund will generate 336,000 LAVAs per day.
In his opinion, this would be during the first 100 days and the daily LAVA will decrease by 50% every 100 days, that is, the halving event occurs every 100 days.
Also read: Lyra Finance uses Chainlink Price Feeds for price data
Here’s vote 003: which should be the first pair? Should it be LAVA / USDT or LAVA / BNB?
• LAVA / USDT
• LAVA / BNB
Vote here: https://snapshot.org/#/lavaswap.eth/proposal/QmNxrky6iTWhXcu37M2wwWGVVnFzDediqDiBegdLSrbn66
About LavaSwap
It is an interoperable decentralized cross-chain exchange protocol powered by BSC + HECO. Since its launch, it has been actively exploring the best development model for the DEX market, with a maximum TVL of $200M +. After months of research and discussion, LavaSwap has a deeper understanding of DEX development and the needs of community users. V2 will make further adjustments and updates based on the existing economic model and is committed to bringing the DEX market into a new era!
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