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General information
$STB is our primary utility token. For locking $STB tokens or liquidity within our smart liquidity routing pools, users receive veSTB (ve = vested escrow), which enables APY multipliers, governance functions, and discounts.
$STB is our primary utility token. For locking $STB tokens or liquidity within our smart liquidity routing pools, users receive veSTB (ve = vested escrow), which enables APY multipliers, governance functions, and discounts.
Through implementing these veSTB tokenomics, we ensure to incentivize users to lock their tokens and take them out of the available supply. Thus, we reduce the $STB sell-pressure on a long-term scale and also stabilize the liquidity supply of our smart liquidity routing pools as users are incentivized to provide liquidity on a long-term basis.
There are two ways to convert $STB tokens or any other smart liquidity routing assets to veSTB tokens. Users can either stake their $STB tokens for 1 between 30 months and will receive the same amount of veSTB or they provide liquidity within one of our smart liquidity routing pools between 1 and 30 months and receive the locked value at the moment of the lockup worth of veSTB.
Depending on the source of veSTB, there will be either a $STB staking APY multiplier or a smart liquidity APY multiplier applied. The formula for the multiplier is the following:
multiplier = 1.05ˣ, whereas x is the number of locked months.
Last modified 4d ago