There are two main tokens within the Yubari Finance Ecosystem, YUB and YLP. YUB is Yubari Finances' main utility and governance token and it will give holders a variety of perks within the Yubari Ecosystem. YLP on the other hand, is Yubari Finance's main liquidity provider (LP) token, providing the important liquidity needed for trading on a decentralized perpetual exchange.
The max supply of YUB will be 100,000,000. The breakdown in allocations of YUB are as follows:
Initial Liquidity from Yubari Fair Raise: 15%
Yubari NFT: 10% (Vesting in 1 year)
DAO fund: 10% (Vesting in 1 year)
Dev fund: 10% (Vesting in 1 year)
YLP Stakers: 35% (Vesting in 1 year)
YUB and esYUB Stakers: 20% (Linear 1 year)
YLP is Yubari Finance's main liquidity provider (LP) token.
YLP represents a number of blue chip cryptocurrency assets, including CANTO, used for spot and leveraged trading. In short, YLP holders provide the liquidity needed for platform operations (i.e. spot and leverage trading on the platform) and will make a bigger profit when positions are liquidated/make a loss and vice versa. YLP can be minted and burnt using any of the assets supported on Yubari Finance.
The redemption and minting price of YLP is calculated as follows:
Total worth of assets after PNL / YLP supply
Holders of YLP earn escrowed YUB rewards and 65% of fees made on the platform, distributed in CANTO.
CSR and platform fees collected by the exchange in the form of CANTO will be distributed in a manner that ensures the health of the protocol and its ecosystem.
The distribution breakdown are as follows:
65% fees for YLP staker
5% fees for Yubari ecosystem and development
20% fees for YUB & esYUB Staker
10% fees for buyback YUB and YUB/CANTO liquidity
More to come on Yubari NFTs and more.🍈