Actors
Liquidity Miners: Technology Used
Liquidity Miners use TEL to consume platform services, they use TEL and other crypto assets as inputs to produce DeFi markets and earn fees, stake liquidity provider tokens in TELx to harvest TEL rewards and as political power in governance. They can use any EVM-compatible wallet to participate.
Liquidity Miners: Technology used
Liquidity Miners use TEL to consume platform services, they use TEL and other assets as inputs to produce DeFi markets, stake TELx liquidity provider tokens (LPTs) in TELx contracts, earn TEL fees from trades, harvest TEL issuance from TELx, and use staked TELx LPTs as political power to propose and vote in governance. They can participate in liquidity provision, staking, and governance from any EVM-compatible wallet that enables those functionalities.
Liquidity Miners: TEL Utility
- TEL Earning Power: The quantity proportion of liquidity provided to a pool and staked in TELx contracts determines a liquidity miner’s earning power.
- TEL Harvesting levels: Liquidity Miners harvest TEL issuance from TELx based on their pro-rata share of staked liquidity on TELx.
- TEL Exchange fees: Liquidity Miners earn a percentage of all exchange fees through their pools based on their pro-rata share of liquidity in those pools.
- TEL Exchange Fees: Liquidity Miners earn TEL fees each time users trade TEL for another asset using their liquidity pool.
- TEL Issuance: Liquidity Miners harvest TEL issuance from TELx.
- Political Power: Liquidity Miners’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of liquidity staked in TELx. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.