LPValentine

$VALENTINE is the governance token that will be used to define important parameters of the Sugar ecosystem. $VALENTINE is available for trading on Oreoswap.

$VALENTINE can be further locked for $LPValentine, allowing lockers to accumulate a larger share of governance power and accrue protocol fee revenue. Note that vanilla $VALENTINE is not eligible for protocol revenue distributions.

$LPValentine is a locked VALENTINE/ETH. The BPT is a Balancer Pool Token that serves as the liquidity base for Valentine, this token can be obtained by providing liquidity in the Valentine Oreoswap pool. More information on Oreoswap LP tokens

Obtaining $LPValentine

• Claim $VALENTINE rewards on the “Claim Page”

• Provide Valentine : ETH Liquidity to the oreoswap pool

• Lock the LP token for 4 or 10 weeks on the “Lock” page of the Dapp

New Participants

• Buy $VALENTINE on the oreoswap

• Provide Valentine : ETH Liquidity to the Oreoswap

• Lock the LP token for 4 or 10 weeks on the “Lock” page of the Dapp

Locking

As mentioned above, $VALENTINE holders will be able to provide liquidity in the Oreoswap LP and lock that LP token for $LPValentine. The lock has 2 periods: 4 weeks and 10 weeks. 10 week lockers will receive 2x more protocol fees and governing power than 4 week lockers to ensure protocol alignment.

Fee Accrual

$LPValentine holders are eligible for 50% of all protocol fees generated on Valentine, the other 50% is reserved in the DAO Treasury for protocol maintenance, this allocation is based on the ongoing proposal which is set to conclude on Feb 28th.

Locks are grouped into weekly LPValentine epochs which start on every week. Deposits during the current epoch do not count towards currently active epoch fee distributions. Users need to lock their $VALENTINE for $LPValentine before the beginning of the epoch to be eligible for protocol revenue of that epoch. The first epoch will begin on 14st Feb at 23:59 UTC, and will follow a weekly structure thereafter, as such, users need to lock prior to Feb 23 23:59 UTC to be eligible for epoch 1 rewards.