Demand emission
The last stage of 8LENDS issuance is regulating demand. To smooth the price growth during the period of spontaneous demand, some tokens will be available for purchase in a special liquidity protocol “SC SALE”.
Role
Tax
Lockup
Vesting
Base price
Baker
0
12
0
x
Liquidity provider
0
6
0
x
Customers
6%
0
2
x
Base price (BP) = Method X
Method X is a reliable approach for determining the accurate price of 8LENDSs by leveraging the highest liquidity from multiple exchanges. Here's how it works:
Parsing Prices: Extract prices from the 4 exchanges with the highest liquidity of the 8LENDS.
Collecting Bids: Gather buy prices (bids) on each exchange with a total value of up to 15,000 USDC.
Weighted Average Calculation: Compute the weighted average price of the collected bids to ensure a fair and accurate market value.
This method ensures that the 8LENDS's price reflects real-time market conditions and high liquidity, providing a transparent and reliable valuation.
1. Burning Mechanism
All unclaimed 8LENDSs after loan repayment, along with a portion of tokens from other protocols, will be managed through the Smart Burning Contract. These tokens will either be burned or redistributed for the “Loyalty Program” needs.
Smart Burning Contract Process:
Accumulation: Tokens will accumulate in a special protocol, “SC Burning.”
Scheduled Burning: Tokens will be burned four times a year according to an approved schedule.
Forecasted Volume: Based on the 8lends project development plans, we can anticipate the following volume of 8LENDSs to be burned:
Forecast details to be provided based on specific project milestones and token flow.
This process ensures a controlled and transparent reduction of 8LENDSs in circulation, contributing to the stability and value of the token.
2. Insurance Pool
The Insurance Pool is designed to provide a safety net for investors by covering interest payments for a period of 1–3 months in cases where a borrowing project encounters temporary challenges in adhering to its repayment schedule. During this time, the platform actively works with the borrower to identify and implement solutions to restore payment discipline.
Not all projects will require Insurance Pool coverage. Projects backed by solid collateral may not necessitate this additional layer of security. However, for projects with high potential and significant growth opportunities identified by 8lends but lacking solid collateral, 8lends will contribute to the Insurance Pool from its own funds.
3. Treasury Management
Key Functions of the Treasury
Token Allocation: Distributes tokens to key areas of the protocol's operation.
Token Removal: Removes unclaimed tokens from the blockchain.
Liquidity Provision: Provides unlimited but collateralized liquidity.
Token Issuance and Redistribution
Initiation: The Treasury initiates the issuance of 8LENDSs from the “Issue” smart contract and redistributes them to predefined destinations.
Controlled Issuance: The Treasury cannot initiate token issuance without a request from the Lending Pool or SC Sale.
Handling Unclaimed Tokens
Forwarding to Burning Protocol: The Treasury forwards unclaimed 8LENDSs to the Burning protocol. Tokens are considered unclaimed under the following circumstances:
Lending Pool:
The project has partially collected a stage.
The project has not collected a stage.
The project has refused to continue fundraising.
SC Sale:
The user requested tokens but did not pay for them.
By managing these processes, the Treasury protects the project from token theft from the SC Issue and ensures that only secured 8LENDSs are issued.
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