Lap Tranche
Understanding Lap Tranche in the UNIRA Protocol
Last updated
Understanding Lap Tranche in the UNIRA Protocol
Last updated
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. Think of it as a bigger vault. They will be distributed among $UNIRA holders as a Mega reward at the end of the Season.
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.
