First Million Dollars in L3P Staked in Just Six Hours
Lepricon has hit a magic landmark in record time. Since opening the staking platform on MANTRA DAO, just six hours ago, L3P community members have staked over 10,000,000 L3P. At the current US dollar price, that is more than One Million Dollars or one-fifth of our market capitalization at this time.
This is excellent news for L3P holders as staking offers high rewards that automatically compound, so there is no need to pay gas to claim and re-stake. But more importantly, it takes L3P out of circulation, which helps protect the core value of L3P and protect the interests of all who hold it.
It’s not too late to stake your L3P on MANTRA DAO. Simply head over to their staking platform and connect your wallet. Pick L3P and follow the prompts. You will have to do two transactions, one that approves MANTRA DAO to access your L3P and one more to stake. The APY is still crazy high, and yield is paid per block, so compounding happens throughout the day.
This is the first in many steps to provide ever-increasing utility for our L3P community. We will announce news soon on staking LP tokens from Uniswap, so stay tuned for that!
Lepricon is a community-owned and governed prediction games platform that allows stakers, developers, and gamers to enjoy the benefits of DeFi in a gamified way, backed by a vibrant community in which all participants receive rewards for positive contributions and interactions.
Lepricon is a Decentralised Autonomous Organisation (DAO) — an organization represented by rules enshrined in computer code; transparent and controlled by the network participants and not by a central authority.
For further information, please visit https://www.lepricon.io.