LVLQ

LVLQ token can be acquired on major CEX/DEX. DEX liquidity is maintained by LevelQ in order to support trading and the buyback & burn mechanism. The token is the entry point for any user to start getting utility from the platform. LVLQ token does not have any utility in the platform, this is veLVLQ role. LevelQ Finance success can be measured via different metrics: TVL; Treasury growth; avg APY of vaults; number of vault; daily active users.

LevelQ Finance will support LVLQ token with buyback & burn using funds from the treasury that grow thanks to fees. The buyback & burn occurrences are made at the sole discretion of the LevelQ team at first, then it will be decided by the LevelQ DAO once voting is enabled.

LVLQ token is primarily used for reward distribution into gauge for LP stakers. The first epoch of 4 weeks of token reward incentives amount is set after the launch by LevelQ Finance team. As the community grows, the DAO will be able to increase or decrease the amount of reward allocated to gauge via voting. Allocation of those rewards across gauge depends on veLVLQ votes. The level of reward received depends on different factors: veLVLQ weight; total deposit vs vault TVL.