Liquidity Mining with xOLE

Hold xOLE to be Eligible For Rewards

We are unveiling an advanced reward eligibility framework to fortify the platform's stability and further nurture user loyalty. To be eligible for the epoch rewards, you must have xOLE holdings equivalent to a minimum of 8% of your total lending and borrowed assets.

This change comes with an hourly reward distribution system, allowing you to see a steady increase in rewards, contrasting the earlier dilution experienced over the epoch.

A specially designed dashboard will also provide insights into your reward eligibility, a feature that empowers you to make informed decisions.

Given the crypto market's inherent volatility, you should maintain an additional buffer of xOLE above the minimum requirement. This proactive approach ensures sustained eligibility amidst market fluctuations in their lending, borrowing assets, and OLE's value. Preparing for these market dynamics allows you to optimize your rewards without constantly adjusting their holdings.

xOLE Boost for lending, trading, and borrowing will still be applied.

Reward Vesting: A 90-Day Journey with Early Exit

The rewards, once earned, embark on a 90-day linear vesting journey. They aren't immediately available; You must initiate the vesting by claiming them. A 21-day window is provided for this claim, post which unclaimed rewards will be forfeited. Once vesting begins, rewards unlock gradually, ensuring users have a consistent inflow over the three months.

For users in need of immediate liquidity, OpenLeverage provides an early exit route from the vesting schedule. However, this convenience comes at a price: early exit penalties ranging from 15% to 90%. The earlier the exit, the heftier the penalty.

But there's a silver lining for those seeking an alternative. Users can pair their rewards with USDC and lock them into xOLE for at least 4 weeks, enabling an early exit without the steep penalties, thereby promoting liquidity and continued platform engagement.

tokenomics revisions echo its dedication to adaptability, fairness, and user engagement. By blending long-term incentives with flexible options, we are crafting a platform poised for growth and sustainability in a competitive DeFi arena. For new and seasoned users, these changes promise a more engaging, rewarding, and transparent experience, further solidifying OpenLeverage's position in the DeFi space.