#LuminUpdate
TL;DR: Excess tokens burned,
$LUMIN distribution to stakers, LTIPP approval to next phase
π₯ 3,999.3629
$LUMIN burned.
This value comes from unutilised borrow incentives from this epoch and from the fees collected by the protocol LP on Uniswap!
arbiscan.io/tx/0x9ae4c42bc9fβ¦
π¦ 288,922
$LUMIN staked.
Stakers receive a share of the protocol fees. You can stake your
$LUMIN on
v2.lumin.finance.
π° 300
$LUMIN distributed to stakers.
As previously stated, one of the vested wallets for the v1 development will be used to further incentivise the
$LUMIN holders to stake their tokens. It aims to provide a minimum APY to our stakers.
arbiscan.io/tx/0x28d5184c067β¦
π
@arbitrum LTIPP Grant program
Lumin Finance was approved by the Screening Council to go up for a vote. The vote will happen in the next few days, when
@DAO_Arbitrum voters will decide which protocols will receive the incentive.
Lumin requested 50,000 ARB to be distributed between lenders and borrowers, with extra incentives for operations involving Arbitrum Protocols, like
@GMX_IO and
@pendle_fi, and that bridge assets from other chains to
@arbitrum
We want to thank
@castle__cap for their support on this first phase!
π οΈApp Upgrades
The stake settings are now in a new window, where you can enable or disable the "Auto-extend" function.