AIP-5: Changes of LionDEX Revenue Distribution

📌 This proposal outlines a new revenue distribution. Aiming to amplify the role and ultimate effect of LionDEX’s revenue for the community

📌 According to the MainNet business, the current comprehensive income includes: ▪️Perpetual Trading Transaction fee - $LP ▪️Stop-Loss Insurance Claim fee - $LP ▪️Pre-Deposit Trading fee income - $LION & $esLION

📌 This income is distributed according to the following rules: ▪️75% utilized for Staking Earn ($LION/$esLION pool 37.5% + $LP pool 37.5%) ▪️25% belongs to Explorers Labs (10%-25% discount and rebate from the invitation system comes from Perpetual Trading fee & Stop-Loss Insurance fee) Additionally, 1:1 $GLP $ETH return is earned by staking $LP.

📌 The planned adjusted revenue includes: ▪️Perpetual Trading Transaction fee - $LP ▪️Stop-Loss Insurance Claim fee - $LP ▪️Pre-Deposit Trading fee income - $LP

📌 The planned adjusted revenue distribution rules: ▪️37.5% will be utilized for $LP pool rewards ▪️37.5% will be utilized for repurchase of $LION & will be store in the treasury ▪️25% belongs to Explorers Labs (10%-25% discount and rebate from the invitation system) Additionally, 1:1 $GLP $ETH return is still earned by staking $LP.

📌 After the adjustment, the rewards for staking in the $LION/$esLION pool will be eliminated. For token holders, repurchase will result in more direct benefits. To execute repurchases at maximum efficiency, $LION's liquidity will be uniformly seeded on Uniswap (LionDEX Swap liquidity migration will be conducted). The new plan also changes the way pre-deposit fees are paid: $LION/$esLION will no longer accepted, only $LP

📌 In the future, the output channel of $esLION will decrease to ensure that newly added circulating $LION is associated with protocol growth.

📌 Other: #Due to the MainNet launch, $LP:$GLP is no longer 1:1. When staking LP, the actual income earned is the ETH income represented by the amount of GLP equivalent to 1LP, for example, LP:GLP=1:1.01, at this time, staking 100LP will earn the ETH income represented by 101 GLP.

📌 Once the proposal is approved, existing documentation will be amended.

📌 Voting rights are based on the circulating $LION, $esLION, and Genesis NFTs. The $esLION in VEST and the staked Genesis NFTs DO NOT have voting rights for this particular vote but may be included in future votes.