$FRAKT Utilities

Shortly after the IDO, $FRKT holders will be able to convert their $FRKT to locked $FRAKT with a progressive linear unlock over a year. Locked tokens will be eligible for their share of benefits (sustainable passive income, raffles tickets, discounts and $hades rewards)
Directly starting at IDO, we’ll tie all the same protocol related utilities to $FRAKT staking. 
Staked $FRAKT will therefore unlock :

1. Governance voting power
2. Eligibility to claim $FRAKT sustainable passive income 
3. Protocol related benefits
Discounts on Flip loans
Tickets for the Liquidation Raffles (buy liquidated NFTs up to 50% below floor price)
4. Boosts on User Rewards and Referral Rewards​
5. $HADES rewards as per Hadeswap whitepaper : 

✅ 5% of the entire $HADES supply will be distributed to $FRAKT stakers

✅ Each staked $FRAKT will yield a total of 0.001332 $HADES, emitted over 18 months 
(this is true for all staked $FRAKT, including locked staked $FRAKT migrated from $FRKT)
Last modified 5mo ago