FLY Token (First Flywheel)
Last updated
Last updated
The FLY token will be tradeable on Lynex, the number one dex on Linea. It will utilize the bribing system to generate the first flywheel in our ecosystem! (If you do not know how Lynex works you can read more in their docs: https://lynex.gitbook.io/lynex-docs) The first flywheel will be built around Lynex bribing: The FLY token has a tax on each transfer, those taxes will be used to create more protocol-owned liquidity (pol), buy and lock $LYNX to vote for our farm and bribe the farm (50% of the FLY supply is also reserved for bribing). On top of the taxes, the yield generated through the USD+ in the LP will support the flywheel even further! The aim is to become the largest $veLYNX holder and the farm with the highest emissions in the Lynex ecosystem.