Revenue Distribution
A percentage of the revenue collected from each trading pool is distributed to FLP holders and $FIRE stakers.
Last updated
A percentage of the revenue collected from each trading pool is distributed to FLP holders and $FIRE stakers.
Last updated
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.
FLP
60% to LPs, 30% to $FIRE stakers, 10% held in treasury for reserve.
