FireUp.finance
  • + Welcome to Fireup
    • Introduction
  • + Tokenomic
    • FireUp Token [$FIRE]
    • Our Platform Token
    • esFIRE Token Vesting
  • + Features
    • Options 101
    • Revenue Distribution
    • Platform Parameters
    • Instruments & Pairings
  • + Official Contracts
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  1. + Features

Revenue Distribution

A percentage of the revenue collected from each trading pool is distributed to FLP holders and $FIRE stakers.

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Last updated 1 year ago

  • FLP holders: Liquidity providers (LPs) who deposit their USDT assets into a trading pool will receive FLP tokens in return. FLP tokens represent the LP's share of the pool, and they entitle the holder to a portion of the fees collected from the pool.

  • FIRE stakers: Users who stake their $FIRE tokens will also receive a portion of the fees collected from the pool.

The revenue collected from each trading pool are distributed in a fully decentralised way, by means of smart contracts. These distribution contracts will transfer the revenues to the relevent destinations for every qualifying users to claim as reward.

  • Revenue Disbursal Contract: These smart contracts are responsible for collecting and routing of the revenue collected from each trading pool.

  • Reward Distributor Contracts for Staking: These smart contracts are responsible for distributing the rewards to $FIRE stakers.

The protocol uses the Chainlink Keeper to automate the distribution of the revenue accumulated in the Disbursal Contract to the respective Distributors every Sunday at 23:59 UTC.

  • Chainlink Keeper: The Chainlink Keeper is a decentralized service that automates the execution of smart contracts.

Pool
Liquidity Provider

FLP

60% to LPs, 30% to $FIRE stakers, 10% held in treasury for reserve.