> For the complete documentation index, see [llms.txt](https://unira.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://unira.gitbook.io/documentation/unira-defi/lap-tranche.md).

# Lap Tranche

Understanding Lap Tranche in the UNIRA Protocol

**A Smart Contract for $UNI Tokens:**

The Lap Tranche is like a dynamic digital vault, represented by a smart contract. Its primary role is to hold onto the $UNI tokens that come from the Temporary Tranche after every Trigger Event. It's a safe place for these tokens to hang out for a bit.

**The 14-Day Cycle:**

The Lap Tranche holds onto these $UNI tokens throughout a single **Lap,** which is a 14-day period. Once this Lap is complete, something interesting happens.

**Lap Event Trigger: Earning Rewards:**

At the conclusion of each Lap, a special **Lap Event Trigger** becomes available. This trigger can be activated by any $UNIRA token holder. It's like a button that anyone can press to initiate something rewarding.

**The Distribution Dance:**

When someone triggers this Lap Event, the $UNI tokens in the Lap Tranche are distributed in the following way:

* **1% $UNI:** This goes to the user who activated the Lap Event Trigger as a commission. It's a reward for taking action.
* **24% $UNI:** These tokens are divided among all the $UNIRA holders as a Lap Dividend. It's like a little bonus for being a part of the community.
* **75% $UNI:** These tokens are deposited into the [Permanent Tranche](/documentation/unira-defi/permanent-tranche.md). Think of it as a bigger vault. They will be distributed among $UNIRA holders as a Mega reward at the end of the Season.

<figure><img src="https://3533053436-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMgifGp9ACjjCD9aNEvVt%2Fuploads%2FF1gIiz6OdUnjQFlN0hcN%2FLap%20Tranche.png?alt=media&amp;token=76fbca0c-725a-45b8-a0e4-03a99c7aed0b" alt=""><figcaption></figcaption></figure>

In summary, the Lap Tranche acts as a temporary home for $UNI tokens during a Lap. The Lap Event Trigger is a way for users to earn rewards from these tokens, creating a cycle of engagement and potential benefits for the entire community.