Token Flow

*. Swap

This is the core feature of eklipse stable swap. EKL tokens are not involved.

Swap Fee

• Token A-Token A: 0.06%

• 35% of the transaction fee is allocated to the LP provider, 35% to the vEKL holder, and 30% to the protocol fund.

*. LP

Reward: transaction fee If users provide liquidity (LP) by depositing USDT, USDC, DAI, etc., they will receive 35% of the transaction fee as reward. There is no need to deposit in a 5:5 ratio like Uni swap or Sushi swap, and users can also deposit in a 0:10 ratio. By staking the LP tokens received through liquidity provision, users can receive EKL as reward.

*. LP Token Staking

reward: EKL

Users are paid the corresponding LP tokens when they provide liquidity. If users stake the corresponding LP tokens on eklipse, they will receive an EKL block reward. EKL is newly minted only through block reward (inflation). LP reward are paid per block in the following manner according to the LP reward distribution plan.

BlockReward = (reserve/emission curve) / (blocks per year)

Inflation occurs according to a pre-specified quantity, and the issued quantity decreases only during the block reward reduction cycle that comes once a year. As of the first year, the number of EKL issued per day is about 53,173 EKL, which decreases by 15.91% when the block reward decreases once a year. 58.1% of the total issuance of 210,001,719 EKL is issued over 100 years due to inflation.