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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The LCI Token

LCI serves as a crucial secondary token within the LUCIA Protocol's ecosystem, engineered specifically to reward early adopters and contribute to the platform's liquidity. When users stake their LCI tokens, they are converted into stLCI, which subsequently qualifies them for a portion of the revenue generated from various fees within the Protocol.

Liquidity Provision through LCI

Beyond staking, LCI offers another utility: liquidity provision. Users can contribute to the LUCI liquidity pool to receive LCI tokens in return. By doing so, they not only enhance the overall liquidity of LUCI but also gain the opportunity to stake their newly-acquired LCI for additional rewards through stLCI.

By encompassing both incentive mechanisms and liquidity provisions, LCI acts as a powerful tool to engage and reward users, thereby fostering the health, liquidity, and overall robustness of the LUCIA Protocol.

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Last updated 1 year ago