REDISTRIBUTION

REDISTRIBUTION:

Redeem a fixed MIM value per LF equal to LF risk-free value (risk-free value = treasury owned reserves divided by supply of LF owned by users, more details in the section below)

WHEN WILL THE REDISTRIBUTION HAPPEN?

Once the proposal is passed, we expect a new page will appear on the website called Redistribution.

You will be able to enter the amount of LF tokens you want to swap for a fixed amount of MIM per LF token equal to the LF risk-free value at the moment staking rewards and bonding is paused two days after the proposal is passed. There will be no slippage, and everyone will get the same amount of MIM per LF, regardless of the time the swap is executed.

HOW IS THE RISK-FREE VALUE PER LF CALCULATED?

Risk-free value per LF is calculated by adding all treasury owned assets market value: MIM, WAVAX, MIM from the LF-MIM liquidity pool, WAVAX from the LF-WAVAX liquidity pool.

And dividing this by all user owned LF: calculated by taking the LF total supply, minus the amount of LF owned by the DAO, as well as LF owned by the liquidity pools.

The current RFV per LF is 11,66$ (maths below). You will be eligible to claim 11,66$ per LF during the redistribution event which will last 1 year, until the website shut down

LF

Total Supply = 448100.46 DAO LF = 35212.58 LF from LF-MIM LP = 30418.31 LF from LF-WAVAX LP = 1531.98 User Owned LF Supply = 380937,59

TREASURY ASSETS

MIM = $ 4482246.60875 MIM in LF-MIM LP = $ 131299.5536 WAVAX IN LF-WAVAX LP = 78.1733 AVAX = $ 6436.78 WAVAX = 687,0142 = $ 56431,353 5% Dev Fee = -$ 233820.7147 Treasury Assets Value = $ 4442593,6866

RFV = Treasury Assets Value / User Owned LF Supply

LF RFV = $ 11,66226

The RFV may vary slightly due to transaction fees and the variation in the price of AVAX. During the vote the apy will be reduced to 0 to avoid dilution of the RFV