Getting ready for Vibes deflation

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2021-05-03 12:05

For the last couple of weeks, we have focused our attention to the Vibes tokens that are one of the secondary investments of the Liotes project. The reason for that lies in the tokenomics of the Vibes project that we like quite a lot. I've tried to explain the details in the video.

Stable supply of LEN tokens

For the second week in a row, we have managed to burn the whole supply of LEN tokens. We have burnt all the 1008 tokens that were produced this week by staked Liotes Energy Mills. Hereby, we keep the supply of LEN tokens stable. This is the first step towards an increase of LEN prices. It will take us a couple of weeks more to reach this goal but we are on the good path.

We increased the APR for delegations to @liotes.voter

As you know, when you delegate Hive Power to the @liotes.voter account, you recieve daily dividends in LEN tokens. This week, we paid a record amount of LEN tokens to the delegators corresponding to an APR of 11.5%. Our objective here is also to increase this return step by step. What needs to be understood is that the LEN tokens that we pay as dividends have been bought on the market. The only way to produce LEN tokens is by staking LENM tokens.