V1: Understanding $TOKE
Note: The following is information related to Tokemak v1 , Tokemak v2 "Autopilot" docs are underway and will replace much of the below information.
Useful Links:
TOKE Contract Address: 0x2e9d63788249371f1dfc918a52f8d799f4a38c94
CoinGecko: https://www.coingecko.com/en/coins/tokemak
What is the purpose of TOKE?
Tokemak's native protocol token, TOKE ("toe-kuh") can be thought of as a homogeneous form of tokenized liquidity. It is representative of the ability to direct any of the deposited LP assets in the form of liquidity to various exchange venues.
TOKE serves several purposes:
It's primary use case is for it to be utilized by Liquidity Directors who stake $TOKE in order to receive votes that are used to direct liquidity and collateralize Token Reactors.
It is the systems incentivization / reward token that is distributed to participants for performing various actions on the platform such as directing liquidity or providing assets.
Protocol risk mitigation - It acts as a backstop for potential losses incurred during liquidity deployment. See the Asset Stack and Mitigation Waterfall.
Earning TOKE
Liquidity Directors earn TOKE at a variable APR also dependent upon the balance of the Token Reactor.
Liquidity Providers earn TOKE at a variable APR dependent upon the balance of the Token Reactor. LPs also earn TOKE by depositing assets in the Genesis Pools.
What can you do with TOKE?
There are several use cases and actions that can be performed with the TOKE token.
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