Tokens

Leprechaun (LEPR)

The LEPR token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain LEPR's peg to 1 USDC in the long run. Initial supply will be 43,000, allocated fully to the Genesis pool rewards.

Note that LEPR actively pegs via the algorithm, it does not mean it will be valued at 1 USDC all times as it is not collateralized. LEPR should not to be confused for a crypto or fiat-backed stablecoin.

Pot of Gold (POT)

POTs are one of the ways to measure the value of the Leprechaun Finance Protocol and shareholder trust in its ability to consistently maintain LEPR close to peg. During epoch expansions the protocol mints LEPR and distributes it proportionally to all POT holders who have staked their tokens in the MINT (boardroom).

POT has a maximum total supply of 100,001 tokens distributed as follows:

  1. Treasury/DAO Allocation: 5000 POTs vested linearly over 90 days

  2. Team Allocation: 5000 POTs vested linearly over 90 days

  3. Rewards: 90000 POTs are allocated for incentivizing liquidity providers in two farming pools for 31 months

  4. Initial mint: 1 POT minted upon contract creation for the initial pool

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