TAP Token
This section will be updated periodically prior to TGE
- Token Governance
- TAP token holders are delegated with voting rights and the ability to propose governance actions
- Captures Protocol Economic Earnings
- TAP token is designed to capture a portion of the earnings of the Tapio protocol through buyback of TAP tokens on the open market using protocol earnings generated through swap, mint and redemption functions. TAP purchased on the open market will be allocated to Community Treasury and redistributed to TAP stakers and synthetic asset users
- Bootstrap Protocol Usage
- TAP will be used as a token incentive for Liquidity Providers and bootstrap usage for synthetic assets
- Direct Liquidity
- TAP holders can direct synthetic liquidity to the designated project liquidity pool via vote staking power. A portion of the trading fees generated from paired liquidity pool is distributed to TAP holders for directing liquidity
This section will be updated prior to TGE.
Last modified 1yr ago