Author:HOPE
HOPE is now live on the Ethereum mainnet. HOPE is a one-stop DeFi ecosystem built on the native crypto distributed stablecoin HOPE. After a successful public testing phase, protocols and features including HopeSwap, HOPE staking and DAO are now officially launched to all users. LT rewards will begin to be released after 8:00 am (UTC+ 8) on April 20, 2023.
This significant milestone was achieved with the support of Coinbase, one of the largest and most compliant custody providers in the world. As the first custody provider in the HOPE distributed reserve network, Coinbase enables HOPE investors to keep their assets securely in the hands of a reputable, independent and regulated custodian in a non-commingled manner.
We would also like to thank our contract auditors SlowMist, CertiK, and PeckShield for their support and recognition of the security of our smart contracts.
Experience HOPE Ecosystem
HopeSwap
Asset Swap
HopeSwap is the gateway for the general public to enter the HOPE ecosystem. Users can use mainstream crypto assets to obtain HOPE and LT through on-chain AMM.
Liquidity Pool
Users can provide liquidity to existing trading pairs, or create new trading pairs to earn 50% of the fees generated by HopeSwap.
Liquidity Mining
On this basis, LP Token holders can also pledge eligible LP Tokens and obtain LT rewards based on the corresponding Gauge weights.
HOPE Staking
By staking a single coin, HOPE holders can obtain LT rewards without incurring impermanent loss.
KNIFE
1.veLT
LT holders can lock LT for a period of time to obtain veLT (vote-escorted LT). The amount of veLT a user can obtain is proportional to the lock-up period. For example, locking 10,000 LT for 1 year, 2 years, 3 years, or 4 years can obtain 0.25, 0.5, 0.75, or 1 veLT respectively.
veLT holders will have bonus rewards and governance voting rights.
2. Bonus
Depending on your veLT holdings, you can receive up to 2.5x LT rewards.
3.Gauges
The distribution plan of LT rewards is determined by its corresponding Gauge weight, which will be updated after each voting cycle.
4. Current liquidity pool rewards
Currently, the following liquidity pools can obtain LT reward distribution according to the corresponding Gauge weight
HOPE Staking
LP-HOPE-USDT Staking
LP-LT-USDT Staking
To learn more about Gauges, read our documentation.
5. Governance Rewards
25% of all transaction fees generated within the HOPE ecosystem will be distributed proportionally to all veLT holders. Another 25% of transaction fees will be distributed proportionally to veLT holders who voted for a specific Gauge based on the voting results.
LT Release Plan
LT is the incentive and governance token of the HOPE ecosystem, used to incentivize users to provide liquidity and participate in governance within the HOPE ecosystem.
The total supply of LT will be close to one trillion.
Initial supply: 40%
30% will be gradually released to investors and teams over 4 years, and all generated LT will be locked again for 4 years to generate veLT to participate in governance.
10% will be released to the Treasury and the Foundation.
The remaining 60%
The release will be based on a piecewise linear schedule, with inflation reducing by 1/8 each year.
Compared to the initial supply, the inflation rate in the first year is approximately 23.87%, or 261.59 million LT per day.
LT rewards will begin to be released after 8:00 AM (UTC+8) on April 20, 2023.
You can find more information about LT in our documentation.
Future plan
Community governance is critical to the growth and development of a project. Next, we will introduce on-chain and off-chain governance proposal voting mechanisms. veLT and LT holders will have the opportunity to provide opinions and suggestions on various aspects of the HOPE project and vote on many major governance proposals.
In addition, please look forward to the upcoming HopeLend and HopeConnect, which will provide HOPE with a full range of application scenarios, helping HOPE become a universal collateral and eventually develop into a global payment tool.
Let us hold on to hope and walk towards the light.
common problem
1. What is the official URL of HOPE dApp?
app.hope.money
2. I don’t know anything about DeFi, how should I get started?
We welcome all new DeFi users, and we have prepared a beginner-friendly usage guide for everyone.
3. How to get HOPE
Currently, the only portal for retail users to obtain HOPE is HopeSwap.
4. How to get LT rewards
Pledge HOPE and hold stHOPE (*If you have deposited stHOPE into the liquidity pool, you will not be able to receive this reward)
Liquidity rewards can be obtained by staking LP Tokens that meet the reward conditions. Currently, rewards can be obtained by staking the following two types of LP Tokens:
○ LP-HOPE-USDT
○ LP-LT-USDT
You can get up to 2.5 times the bonus by holding veLT.
LT rewards will begin to be released after 8:00 AM (UTC+ 8) on April 20, 2023.