Governance System
Governance System
Liquidity Miners: Platform Activities and Benefits
Liquidity Miners provide liquidity to DeFi markets, stake their liquidity in TELx, earn fees from trades, and harvest TEL issuance from TELx based on their pro-rata share of staked liquidity.
Liquidity Miners: Platform Activities
Role: DeFi liquidity provision, producing liquid, decentralized markets for users to transact their assets.
- Provide Liquidity to TELx: Provide TEL and other assets to TELx assigned liquidity pools, producing liquid exchange markets for users.
- Stake Liquidity on TELx: Deposit LPTs, which empower liquidity miners with secure, self-custodial ownership over their percentage of a TELx market and the fees it generates, in staking contracts on TELx, which determines their TEL issuance earning power and their political power in governance.
Liquidity Miners: Platform Benefits
- TELx Issuance: Liquidity Miners harvest TEL from TELx based on their pro-rata share of liquidity staked on TELx over time.
- Allocation: Liquidity Miners harvest from a flow of 200M TEL in year one at a rate of 16.66M TEL per month.
- Basis: Pro-rata share of liquidity staked in TELx contracts on a per block basis.
- Current TELx Markets Arrangement: In order to review the existing liquidity mining policies on TELx, head to TELx.network or:
Liquidity Miners: Technology used
The private technologies liquidity miners use to interact with the system.
- 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.
Liquidity Miners: Infrastructure Involved
Liquidity Miners interact with and depend on the following Telcoin Platform components to produce and consume platform services and earn benefits.
| Component | Description |
|---|---|
| Network Infrastructure The technological systems involved in the creation, storage, maintenance, generation of TEL within TELx for liquidity miners to harvest and DeFi protocols that facilitate exchange on TELx, managed by the TELx Council using the TELxIP process. | Production Facilities: A network of liquidity pools on DeFi protocols, used for exchange. Storage Facilities: TELx Council Safe, TELx Distribution Safe. Distribution Facilities: TELx Staking Manager, TELx Telcoin-Distributor Extraction Facilities: Staking contracts, TELx.network front-end site. |
| Platform Infrastructure The underlying blockchain infrastructure systems that TELx system depends on to function. | Telcoin Network: Serves as programmability, execution, settlement, data storage layer for TELx. The system enables the construction of liquidity pools in smart contracts that self-execute exchange and markets production functionality in programmable code, enables users to transfer, exchange their assets through a peer to peer network, and to verify their ownership and transaction history at any time by accessing the open, immutable, distributed ledger the network generates. Other Blockchains: The other blockchain networks, such as Polygon and Ethereum, which host TELx DeFi markets. |