Flame Token

The first mechanism to distribute XFL tokens to the community is the Yield Farming staking contract. This contract holds 6% of the total XFL supply of 21B tokens. This smart contract will distribute XFL to community members who stake USDC, BUSD, DAI, MIM, LINK, MATIC, FTM, AAVE, or SUSHI.

The Yield Farming Pool will run for 25 epochs, each epoch will last 1 week. 50.4M XFL tokens will be distributed in each epoch. If you participate in the Yield Farming Pool, you will be able to harvest your yield at the end of each epoch. Your harvest will be based on the number of assets that you have staked relative to the total number staked in the pool. The calculation will be time-weighted to promote true and fair pro-rata harvesting.

After you harvest your spoils, migrate to new fertile soil in part 2: The Liquidity Provider Subsidy Program. The concept behind the Liquidity Provider Subsidy Program is to reward long-term liquidity providers with progressively more XFL tokens as they continue to signal their belief in the Flame vision. We use the SushiSwap USDC/XFL LP token as a means to reward liquidity pool providers with a massive incentive to bootstrap token liquidity. The program will run for 100 epochs and each epoch will last 1 week. At the end of the epoch, the user can harvest their XFL. This initiative will be granted 4,200,000,000 XFL and each epoch will have 42,000,000 XFL to start.

In our 3rd pool, stake XFL for XFL: We want to give early adaptors and long-term believers a mechanism where they are rewarded for hodling XFL, signaling their belief in the Flame vision. Pool 3 is also designed for “the little farmers”, and the “causal buyers”. The pool will run for 50 epochs and distribute 16,800,000 XFL.