Liquid Driver ($LQDR)

Liquid Driver ($LQDR)

 
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WHAT IT IS

LiquidDriver is the first liquidity mining dApp providing liquidity-as-a-service in the Fantom ecosystem. Liquid Driver aims to bring more utility, rewards, and long-term benefits through their native token $LQDR in order to become the leading liquidity-on-demand platform for dApps on the Fantom Opera Mainnet. There is already tons of utility for the $LQDR token:
 
  • Farms: Users can stake their SpiritSwap, SpookySwap, and Beethoven-x LP tokens on www.liquiddriver.finance/farms and earn our native token, LQDR, as a reward.
  • Vault Strategy: LP tokens staked in our pools will be deployed to our strategy contracts and staked in our partner's pools to generate yields, which are then redistributed to xLQDR holders through our Revenue-Sharing Vault.
  • Revenue-Sharing Vault: xLQDR holders receive weekly rewards from our Revenue-Sharing vault. Rewards are collected from our strategies behind our staking pools. Currently, these rewards are LINSPIRIT, BOO, SPELL, BEETS, wFTM, and LQDR.
  • xLQDR: Lock your LQDR to generate xLQDR, the yield-producing vested version of LQDR. The longer your locking time, the higher the amount of xLQDR you receive.
  • Leveraged Farming (to be released): Farm on your favorite AMM's platform with leverage through a single, all-in-one transaction.
  • Single-sided Vaults (to be released): Deposit stables or wFTM to a vault to earn rewards.
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    YIELD HUNTING

    Liquid Driver currently has 26 liquidity pairs with their DEX (decentralized exchange) partners SpiritSwap, SpookySwap, and Beethoven-x. They also have pools available with the mim3pool from Curve and pools with Hundred Finance.
     
    Users can provide liquidity into the pools for the chosen DEX and stake their LP tokens in the different partner lands (listed below) in order to earn $LQDR emissions. The pools also emit Trading Fees that compound into users’ LP positions. The (n)x next to every pair indicates the total LQDR allocated to each pool.
     
    • Spirit Land (SpiritSwap)
    • Spooky Island (SpookySwap)
    • Magic Land (mim3pool on Curve)
    • Beethoven-x

    WHAT IS xLQDR?

    xLQDR represents the vested version of the native token $LQDR. It is a yield-producing version of the native token. In order to receive xLQDR users have to lock up their $LQDR from 2 weeks up to 2 years.
     
    The objective of xLQDR is to provide further utility and advantages to token holders by adding features for those with more skin in the game. This switches the tokenomics from an intensive farming token model to a supply & demand structure. The value of xLQDR derives from revenue from the protocol. This is called the Revenue-Sharing Vault.
     
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    Revenue-Sharing Vault

    By buying $LQDR and staking for xLQDR for an extended period of time you are generating returns in multiple different reward tokens (see photo above) from the Revenue-Sharing Vault. Users can farm these every single day.
     
    The cool thing with this is that each of these rewards gives you the ability to then stake and farm for further rewards throughout the FTM ecosystem. So $LINSPIRIT can be on Spiritswap, $LQDR can be reused on Liquid Driver, $BOO can be staked on Spookyswap etc etc.
     
    Liquid Driver behind the scenes with all of the staked tokens is going back into the protocols (SpiritSwap for example) and staking those tokens in order to have governance over where the rewards and boosted farms are. They are able to do this by owning a large amount of each protocol's governance token. For example, the governance token on SpiritSwap is inSPIRIT and the Liquid Driver version of this is linSPIRIT. When they do this they are also giving the boosted rewards to $LQDR farms in order to boost liquidity there.
     
    So essentially, for example, the more inSPIRIT tokens that Liquid Driver holds the more voting power/governance they have and they can boost certain farms to increase their yield which then directly increases yield for $LDQR holders.
     
    The more people involved in Liquid Driver the more they can buy up inSPIRIT which locks up more spirit tokens and puts on more supply and demand-side pressure creating a snowball effect raising SPIRT price and LQDR price
     
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    linSPIRIT

    LiquidSpirit or linSPIRIT is a wrapped version of inSPIRIT the governance token on SpiritSwap. linSPIRIT, unlike inSPIRIT, is liquid, while still earning the weekly trading fee-based rewards from inSPIRIT (see SpiritSwap page below for more info on this) It is based on SpiritSwap's winSPIRIT model.
     
    Spirit Swap ($SPIRIT)
    Spirit Swap ($SPIRIT)
     
    Users can swap their $SPIRIT for linSPIRIT at a 1:1 ratio using our LiquidSwapper feature on the Liquid Driver protocol. In order to trade their linSPIRIT back to SPIRIT, users will need to use a DEX, such as SpiritSwap.

    What’s The Purpose Of linSPIRIT?

    When users swap spirit for linspirit, we lock the spirit forever on a weekly basis. We then use the inSPIRIT received to boost yields for the SPIRIT-FTM, wETH-FTM and wBTC-FTM pairs. This, in return, increases yields for xLQDR holders.
     

    What Are The Benefits Of linSPIRIT?

    The motivation behind linSPIRIT, in addition to driving more revenue for xLQDR holders, was to offer a new alternative to inSPIRIT with major advantages.
     
    First and foremost, your position is liquid, meaning you can swap back to any other token at your convenience using a DEX.
     
    Secondly, you get to pick from two possible strategies to earn yield. You can stake your linSPIRIT to weekly rewards from inSPIRIT You can provide liquidity for linSPIRIT/SPIRIT and earn LQDR.
     
    The level of boost you get by choosing linSPIRIT instead of inSPIRIT depends on the ratio of locked SPIRIT and the staked linSPIRIT. A ratio of 2 would yield you twice as much compared to inSPIRIT.
     
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    cLQDR

    cLQDR is the first wrapped version of xLQDR. Liquid Driver onboarded Growth DeFi  as their next strategic partner who will be launching the product.
     
    cLQDR creates a liquid market for locked LQDR or xLQDR. This can be integrated into different things like
     
    • Borrow markets
    • LPs
    • Other Protocols
    • Buying and selling of xLQDR

    xLQDR FINANCIAL NFT’S (FNFTs)

    xLQDR has proven to be a perfect mechanism to access a wide range of the blue chips on Fantom network such as $WFTM, $LINSPIRIT, $BOO, $SPELL, and $BEETS with more always being added. However, xLQDR is a locked version of LQDR and so it is untradeable. Through a partnership with Revest Finance comes what is called FNFT’s. These are financial instruments (xLQDR) packaged and stored using the widespread ERC-1155 industry standard. Basically just turning your xLQDR into an NFT that yields the same benefits as your xLQDR. However, now it becomes tradeable.
     
    This will allow for trades to be made on secondary markets for xLQDR in the form of FNFT’s. This will give way to a whole new variation of utilities and protocols taking advantage of this such as:
     
    • Lending and borrowing markets
    • Secondary buy/sell markets
    • On-chain financial derivative markets
     
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    LIQUIDDRIVER V3

    With the success of Liquid Drivers V2 model of demand liquidity-as-a-service which went, incentivized LPs for their partner's → farm with funds staked in their pools → to redistribute rewards to xLQDR holders.
     
    The protocol is now transitioning into V3 with several phases taking place over Q1 of 2022. One of the main features coming are shadow farms which offer:
     
    • New more advanced strategies that compound into staking
    • Leveraged farming
    • new Beethoven-x pools and leveraged farming
     
    Currently, Liquid Driver is partnered with 3 leading DEX’s in the Fantom ecosystem and a single-sided farm provider and they will be collaborating with them to achieve the following with the V3 rollout:

    SpiritSwap

    • Increase the TVL on SpiritSwap while giving more utility to LQDR holders
    • Long-term goal is to reduce the inflation required to incentivize new LPs
    • Build a relationship of continuous value + benefits for our users
    • Boost yields with the governance power acquired through linSPIRIT, which locks SPIRIT into inSPIRIT giving us the governance power.

    SpookySwap

    • Drive liquidity where it’s needed for SpookySwap
    • Provide our xLQDR holders with daily yields in $BOO
    • Collaborate for long-term growth in the $FTM ecosystem

    Beethoven-x

    • Drive more liquidity for Beethoven-x
    • Provide daily yields for our xLQDR holders in BEETS
    • Leverage Beethoven's Balancer V2 technology to strengthen linSPIRIT peg
    • Unlock continuous growth & value together on Fantom

    Hundred Finance

    • Drive more liquidity for Hundred Finance
    • Provide weekly yields for xLQDR holders in liHND
    • Boost yields with the governance power acquired through liHND, which locks HND into veHND giving us the governance power.
     
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    TOKENOMICS

    There are 2 main tokens on the Liquid Driver protocol, $LQDR is the native token and $xLQDR is the vested token.
     
    To distribute fairly the first batch of LQDR, LiquidDriver started by opening all non-LQDR pools for 72 hours, allowing early liquidity shippers to accumulate the native token $LQDR to start staking them once the IFO (initial farm offering finished.
     
     
    70 000 LQDR were minted to the developer address for airdrops and to provide the initial liquidity needed to successfully launch the protocol.
     
     
    • Max Supply: Unlimited
    • Emission / block: 0.108 (updated Jan 5, 2022)
    • Deposit fee : 0%
    • 8.2% of LQDR minted will go to the developer wallet address for marketing, partnerships, and incentivizing participation.
     
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    TEAM

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