$LFG Token/LFGrow Protocol Mechanisms

The $LFG token functions symbiotically with our ecosystem products and the later explained $LFYIELD token, operating as an overhauled and heavily upgraded version of OHM, complete with bonding and staking with high APY for $LFG holders. Employing OHM's incredible capacity to build a protocol-owned treasury and deliver high APYs to stakers, without the inherent death spiral that comes along with it due to the harmful self-reliance of OHM and previous OHM-adjacent protocols.

It's key to think of the $LFG token and our ecosystem products as seperate entities, which all function together and feed the protocol-owned treasury with the common goal of generating yield for $LFG stakers.

Staking $LFG

Staking $LFG is the primary way protocol participants earn yield. Simply stake your $LFG in our dApp and earn a variable APY, staking rewards are paid out every 24 hours in $LFG.

Staking is the best way for dedicated holders of the ecosystem to profit from revenue generated by the Memecoin Yield Protocol as well as from short term traders of the $LFG and $LFYIELD tokens.

Where stakers accrue value from on launch:

$LFG stakers accrue value from the following mechanisms and revenue streams:

• Yield generated by the Memecoin Yield Platform

• Yield generated by Bonds

• Rebase from staking taxes on $LFG

• Rebase from buy/sell taxes on $LFYIELD

• Rebase from staking taxes on $LFYIELD

Wherein a typical OHM-adjacent project would derive value only from Rebasing and Bonds, LFGROW breaks the mold by creating a genuinely viable and lucrative memecoin staking offer for those outside the ecosystem. Solving the long-standing OHM issue of self-reliance.

There is a 2.5% staking tax, as well as a 2.5% unstaking tax which applies when staking $LFG. Note that the tax percentage values are different from the Memecoin Yield Platform, please visit this page for tax information on the Memecoin Yield Platform.

Bonding $LFG

Bonds present a valuable strategy for protocol participants, and a powerful way to profit if performed successfully. They also function as a way of building LFGROW'S protocol-owned treasury. In essence, bonds are discounted sales of $LFG tokens compared to the open market, offered by the protocol itself. Bonding allows participants to purchase $LFG for 30% cheaper than market price. Once purchased, these bonds are then vested for 5 days. View more information on bonds here.