What does it mean for my tokens?

How do I participate in Lobis?

There are two main strategies for market participants. Stakers stake their $LOBI tokens in return for sLOBI and the right to claim more $LOBI tokens, while minters provide LOBI/OHM LP or governance tokens (CRV, FXS) in exchange for discounted $LOBI tokens after a fixed vesting period.
How can I benefit from Lobis?
The benefits for stakers come from supply growth and governance power. The protocol mints new $LOBI tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed return at a set point in time; that return is in $LOBI and thus the bonder's profit would depend on $LOBI price when the bond matures. Bonders benefit from a rising or static $LOBI price.
When a bond enables to increase the reserves of the DAO, a new $LOBI is minted and distributed to sLOBI holders. The minting rate is 1 $LOBI for each $1 worth of governance token or LP token bonded. The contracts use Chainlink price feeds to calculate the amount to be minted.
At first, Lobis will accumulate CRV and FXS and lobby to incentivize whitelisted protocols to move towards fairer, more governance-friendly locking mechanisms (today, neither Yearn, Convex, nor Stake DAO allows CRV stakers to keep their Curve governance rights).
As part of this goal, Lobis will offer bonds for CRV and FXS, with Sushi and others set to follow.
Once those whitelisted protocols have implemented a viable solution, Lobis will support them by fairly allocating its reserve governance tokens and acquiring liquidity bonds to support the peg of their wrapped tokens.
When more protocols implement Curve-like tokenomics, Lobis should naturally accept to launch reserve bonds with their governance tokens, but ultimately, the community will determine the next steps.
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