In order to activate many of the utilities offered by SLX, it must first be staked and thereby transformed into veSLX.
The particularities of the staking model are yet unavailable and will be updated once released.
In order to activate many of the utilities offered by SLX, it must first be staked and thereby transformed into veSLX.
The particularities of the staking model are yet unavailable and will be updated once released.
[7] = ƒ(lock_time, price_at_lock, locked_quantity)
Many of the protocol parameters, such as fee-driven buyback schedules, are slated to be subjected to decentralised governance. The governance is slated to be committee-based, with only the core Risk Committee allowed to propose votes initially. The expansion of the model is going to be tied to specific milestones as specified by the core team.
Regardless, in order to exercise the voting power obtained by locking SLX, one must actively participate in governance.
[81] = binary
Represents governance value originating from influencing protocol-wise decisions and parameters. Presently and until transitioning to Phase 2, the scope will be restricted to eUSX/USX risk parameters only. Particularities about the scope will be provided once ascertained.
[3] = ƒ([81], user_vote_allocation, user_strategy_representation)
The design of the SLX system accounts for a possibility of token buybacks driven by fees derived from protocol revenue (including the entire Solstice ecosystem here: Solstice Payment Infrastructure, Solstice Staking, Yield Vaults, etc.). This alone provides an appreciatory price pressure; moreover, the whitepaper outlines three token burn sources (fee-based, TVL milestone-based, and protocol expansion-based); each of these sources of token burning begets deflationary of all held SLX/veSLX tokens.
[21] = ƒ(token_volume, buyback_volume, burn_volume)
token_volume — is the total value of SLX in existencebuyback_volume — is the total value of SLX bought back over a given timeframeburn_volume — is the total value of SLX burnt over a given timeframeStaking SLX to receive veSLX is slated to possibly provide a number of exclusive benefits in addition to conferring governance value, such as:
[4] = ƒ([7])
In particular, one potential SLX stake-derived benefit is the stake-linked revenue sharing. These incentives will be sourced from a portion of Yield Vault performance fees and will be subject to governance at a future date.
[22] = ƒ([7])
In order to receive the hypothetical SLX subsidies, a builder must route a certain volume of activity through the Solstice data infrastructure.
[82] = ƒ(routed_volume)
token_volume — is the total volume of data routed through the Solstice infrastructure by the given builderAnother stake-conferred benefit pertains specifically to the Solstice ecosystem builders; a portion of bough-back SLX may be reserved for distribution as incentives to builders, conditioned on their maintaining SLX exposure and dependent on the volume of routed activity.
[23] = ƒ([7], [82])
In order to qualify for the boosted rewards, the user must provide a quantity of assets to Solstice Staking and possibly delegate them to one of Solstice-aligned validators.
[83] = ƒ(delegated_volume)
delegated_volume — is the total value of delegated assetsYet another stake-conferred benefit is connected with Solstice Staking, which provides proof-of-stake assets sourced from a decentralised delegator pool. If a delegator should provide his assets jointly with an SLX stake, he may potentially receive a boosted reward when delegating to Solstice-aligned validators.
[24] = ƒ([7], [83])