StakedLOOP (stLOOP) is the liquid receipt token that you get when staking LOOP.
This token will determine your rewards multiplier, based on which Looping Mode you fall into.
By staking LOOP you can unlock a higher points multiplier. Points will translate into a boosted airdrop for each phase of the Early Adopter Program and also for a boost in any LoopDrops allocation.
Daily snapshots of stLOOP are taken to determine the Looping Mode for each individual wallet that stakes LOOP. Based on the Looping Mode for that day, the user will unlock a points multiplier, as outlined in the table below.
The Looping Mode unlocks distribution boosts for phase 1 to 6 from the early adopter program as well as distribution boosts for the LOOP Assistance Fund Redistribution.
LOOP is the engine powering all Liquid Looping products. It’s a token flywheel that fuels the growth of the Looping Collective ecosystem. With the initial distribution of tokens we are distributing the token into the hands of everyone that is helping to bootstrap the initial TVL of all looping products.
In order for LOOP to function as a flywheel we need to ensure that LOOP remains in the hands of everyone that is contributing to the success of the looping products today.
LOOP holders are inclined to stake LOOP to unlock more benefits and multipliers.
LOOP is the token flywheel for LHYPE and all future Liquid Looping Tokens (loopedETH, loopedBTC and more).
Automatic buy-backs: We take 10% of performance fees from LHYPE and future Liquid Looping Tokens (LLTs) to buy LOOP back on the open market, driving demand and rewards.
How it works:
Stake LOOP (stLOOP) to get a multiplier on 3 different kinds of airdrops:
In short, LOOP is the growth engine that rewards you for powering up the whole Liquid Looping universe.
At a future date, LOOP will serve as the governance token for all Liquid Looping Tokens.
At a future date, LOOP will serve as the governance and utility token of the Looping Collective. It will give ecosystem players and depositiors the agency to make important protocol decisions, prioritized access and bonus in point multipliers for loopedHYPE and subsequent products.
StakedLOOP (stLOOP) is the liquid receipt token that you get when staking LOOP.
This token will determine your points multiplier, based on which Looping Mode you fall into.
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