Provident Capital
  • Protocol Information
    • Deposit
      • How to Deposit
      • hTokens
      • Withdraw assets
    • Borrow
      • How to Borrow
      • Health Factor
      • Loan Repayment
      • Liquidations
      • Flash Loans
      • Interest Rate Model
    • Phase 1 - Boosted Emission Phase
    • Phase 2 - Token Generation Event
      • Provident Liquidity (pLP)
      • pLP Liquidity Options
      • Zapping pLP
      • Staking and Revenue Sharing
      • Managing pLP
    • Tokenomics
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  1. Protocol Information
  2. Phase 2 - Token Generation Event

Staking and Revenue Sharing

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Last updated 1 year ago

As mentioned earlier, locking of pLP earns a share of protocol's revenue and fees, where 100% of the protocol revenue will do to pLP lockers. Protocol revenue is generated from taking a fee based on reserve factors for different pools. The more riskier the pool is, the more fees will be generated this way.

All fees accrued through locking of pLP will earn fees in various denominations (HLUSD, hUSDC, hUSDT, hDAI, etc). Users will be able to claim fees on a per-block basis.

Locked pLP Features

  1. Revenue will be distributed based on your share of .

User A has 100 and there is a total of 1000 . User A will receive 10 % of rewards.

  1. Locked pLP will receive 100 % of protocol revenue in 7 days.

Protocol Earnings for Week 2: 10,000 HLUSD

10, 000 HLUSD will be distributed to locked pLPs over 7 days.

locking power
locking power
locking power