VycoLend
  • Introduction
  • Tokenomics
  • Contract Addresses (soon...)
  • Roadmap
  • Protocol overview
    • Supply and Borrow
      • Supply
      • Borrow
      • Liquidation
    • Stake
    • Open Governance
    • Liquid assets & NFT lending
  • Models
    • Interest Rate Model
    • Collateral and Reserves
    • Health Factor
  • Disclaimer
    • Legal
    • Risk
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Tokenomics

$VYCO introduction:

$VYCO is VycoLend platform's governance Token name. All users who take part in VycoLend will receive some $VYCO tokens as rewards. $VYCO tokens will be operating on zkSync. $VYCO tokens are crucial for maintaining VycoLend operating systems, it is also the only credential for users to participate in verification projects.

Once the platform is stable, we plan to open up DAO (Decentralized Autonomous Organization) management model. Users will then be able to use $VYCO token to raise issues and to call for a vote to adjust interest rates and lending parameters or support more crypto coins etc.

Contract address: come soon

$BANK distributution:

Category
Amount
Proportion

Total

100 Million

loan mining

40 Million

40%

yield farming

20 Million

25%

Team

8 Million

8% (Vest for 1 year)

Investors and Advisors

15 Million

10% (Vest for 1 year)

IDO & Liquidity

10 Million

10% (Unlock at TGE)

Airdrop

2 Million

2% (50% unlock at TGE)

Partnership

5 Million

5%

50% of the platform revenue is put into the repurchase and destruction pool. When the market price is lower than the three-day average price, the smart contract will trigger the execution of the repurchase and destruction operation

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Last updated 2 years ago