Lucia Protocol
  • Welcome to Lucia Protocol
  • Introduction
    • Lucia Protocol
  • PRODUCT FEATURES
    • Features Overview
  • Attribution Credit Scoring System
  • Low Collateralized Ratio (100%)
  • Enhanced Privacy with Zero Knowledge Proofs
  • Default Protection Insurance
  • Lender & Borrower Reward System
  • Virtual Credit Card
  • Flash Loans
  • SYSTEM OVERVIEW
    • Tokenomics
  • The LUCI Token
  • The LCI Token
  • The stLCI Token
  • Barns and Sheds
  • Silos
  • Plots
  • Protocol Owned Liquidity
  • The Treasury
  • System Functionality
    • Borrower Operations
      • Borrowing Fees
  • Lender Operations
  • Silo Operations
  • Redemption Mechanism
  • Credit Reputation
  • Liquidations
  • Credit Default Risk
    • CDI Architecture
    • Smart Contract-based Architecture of CDI System
  • Risk Management
  • Insurance Claims & Entitlements
  • Governance & Investments
  • Rewards System
    • Lenders
  • Borrowers
  • Token Rewards
  • SUMMARY
    • Conclusion
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  1. SYSTEM OVERVIEW

Tokenomics

PreviousFlash LoansNextThe LUCI Token

Last updated 1 year ago

The following diagram summarizes the token flows between the Protocol and its users:

Figure 1

Token Name: LUCI

Max Supply: 100,000,000

Initial Circulating Supply: 10,000,000

Token Name 2: LCI

Max Supply: TBD

Initial Circulating Supply: TBD

Token Distribution

  • Public Sale via Reg A Tier 2 Offering: 10% (10,000,000 LCI)

  • Team & Advisory Board: 15% (15,000,000 LCI - w/ 3-year vesting period)

  • Marketing: 10% (10,000,000 LCI)

  • Treasury: 33% (33,000,000 LCI)

  • Community Rewards: 17% (17,000,000 LCI)

Token Utility

  • Governance: LCI token holders can vote on proposals - is it LCI token holders as well?

  • Staking: LCI token holders can stake their tokens to earn rewards

  • Discounted Fees: LCI tokens can be used to receive discounts

  • We need to add Trading: LCI tokens can be used to issue arb trades

TVL Calculation for Lucia Protocol:

In this equation, Asset_i refers to the iˆth asset supported within the Lucia Protocol ecosystem. The term Quantity of Asset_i indicates the total volume of that particular asset (Asset_i)that is currently being lent out or utilized as collateral within the platform. Conversely, Price of Asset_i denotes the present market valuation of Asseti, expressed in USD.