VITCSwapLP (Long Term)

Building VITCSwap LP long term, is very important. Locked LP is even more important.

The solution I propose includes X steps:

  1. 1.
    Mint a B[TOKEN]VITE-000 (Burnt TOKEN/VITE LP).
  2. 2.
    The B[TOKEN]VITE-000 token will be granted to whomever send their [TOKEN]VITE-000 LP token to one of the multi-sig* vaults from VITCVault.
  3. 3.
    The B[TOKEN]VITE-000 will earn VITC yield on VITCSwap at a high APR.

Advantages to this system:

  1. 1.
    Building resilient and long term liquidity on VITCSwap
  2. 2.
    Distributes VITC to long term believers in a way that is important for the growth of the VITC ecosystem.
*In case of contract upgrades we want the LP to be transferable to the fully updated version.