A Brief Dive Into Everything LiquidDriver
- What is LiquidDriver
- LQDR Token
- xLQDR Feature
- V2 and the Future
- Additional links and info
Let’s dive into everything LiquidDriver and explore the project’s genesis, how it has evolved, its features/benefits, the LP token LQDR, the new xLQDR release, and what is to come in the future of the project.
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What is LiquidDriver?
LiquidDriver was established as the first high-yield liquidity mining dApp for SushiSwap on Fantom with the primary goals of bringing deep liquidity and fostering innovation within the ecosystem.
Since then, the team has built new features alongside the liquidity pools and shifted focus to evolving LiquidDriver’s core value model entirely. The project aims to bring users more utility, rewards, and long-term benefits through LQDR and ultimately become the leading liquidity-on-demand platform for dApps on the Fantom Opera Mainnet.
LQDR is LiquidDriver’s native token and the central piece of the protocol. With the release of the Liquid Lottery, xLQDR, and Revenue Sharing Vault, LQDR has become an increasingly productive asset for its users with growing utility in the ecosystem.
Let’s take a closer look at what you can do with LQDR
Users can provide liquidity for LQDR on SushiSwap and earn high yields through deposit fees by staking the LP tokens in the Liquid Containers. Each pair comes with its own LQDR boost and APR, for example, LQDR/FTM with an 18x boost and 251% APR. The UI displays the total amount a user is staking in each pool and the amount of LQDR they have earned.
This feature is the first milestone in the gamification of LQDR, increasing the value of the token and encouraging more participation in the Liquid Driver ecosystem. Players can use LQDR to purchase lottery tickets with the goal to match the winning numbers and win their share of an LQDR jackpot.
xLQDR is a yield-producing vested asset based on Curve’s veCRV model, aimed to give further utility to holders and reward long-term users with a vested interest in the protocol. Users can lock their LQDR from two weeks up to two years, generating a bigger amount of xLQDR the longer they lock.
xLQDR holders benefit by gaining a share of the deposit fees in LQDR + wFTM from the Revenue Sharing Vault. xLQDR is only Phase One of LiquidDriver’s plan to upgrade the value-capturing mechanism of the protocol and there are major developments underway for the project.
V2 and the Future
The dev team is hard at work on the V2 release of LiquidDriver. Soon, users will be able to vote for the pools they’d like to see incentivized. Farming emissions will be based on the number of votes each pool has, enabling full governance for xLQDR holders.
Our V2 will include vault strategies, and we will release more information on this in our next medium article. We would like to thank the LiquidFam for your support and everyone in the Fantom community who is building alongside us!
We'd love to hear from you, so feel free to share your thoughts, ideas, and suggestions!
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Additional Links and Info
Main LiquidDriver Docs on GitBook: docs.liquiddriver.finance/
Contract Address: 0x10b620b2dbac4faa7d7ffd71da486f5d44cd86f9