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[LIP-12]: LIQUIDIUM•TOKEN Revenue Sharing & Staking Mechanism
Recorded: May 6, 2025 Duration: 0:20:09Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the mechanics of liquid staking tokens, the excitement surrounding a potential token launch, and innovative fundraising strategies. The community is actively engaged in governance proposals that could shape the future of the liquidium platform, emphasizing the importance of user participation in the evolving DeFi landscape.
Full Transcription
GM Jim we are back again
Let's wait for the people to come in again.
Twitter, rightness. Thank you. We still wait for more people to join.
As always, a second try.
We love Twitter.
Like, retreat and comment this awesome space.
And then we will be right back with the conversation. station. . so
okay okay we are back again sorry for the the space rug. Thank you, Elon. I would say we start where we lost everyone. Yeah. Again, Robin Cook, the space is yours. And as always, don't forget to retreat and share as this is Pure Alpha. Welcome back.
Hello.
Yeah,
Twitter has been bugging. We actually
saw that message, like
that it wants to disconnect us.
But, like, I don't know why.
Yeah, I was looking at my
laptop, I looked back at my phone
and suddenly it said, like, okay, your space has ended. And I was like at my laptop. I looked back at my phone and suddenly it said like,
okay, your space has ended.
And I was like, okay, nice.
Yeah, yeah, just what it is.
Okay, let's just get back into where we were.
So yeah, I think we were just like covering
all of the remaining examples of liquid staking tokens.
But yeah, so i guess
the easiest way to understand it is just to look at one of these existing examples like judo soul um ethena ste like staked eth and and so on and so forth and and that way it's pretty easy to
understand the liquid token and yes i was also saying that on liquidium you will be able to unstake your staked tokens so you will be able to redeem
the according number of liquidium tokens to like back from your staked equity and tokens including all of the earned revenue essentially or
the the staking rewards and then you can also of course just use the stake liquidium token to trade
it on the market most likely and this is the same this is the same thing with JidoSoul and Athena and stuff like that is usually on the market
it trades slightly below the price that you would get unstaking it on the platform itself
because unstaking has like a small cooldown to it and therefore the market is not willing
to trade at exactly the same price but slightly below it like let's say for example um solana is
trading at a hundred dollars jitto soul is trading at 150 dollars um but maybe you would get actually $155 on the Jitto platform for unstaking it.
So yeah, that's kind of how it is.
But yes, both options are there,
and unstaking is possible on Liquidium directly.
That sounds so amazing. I'm so hyped. We talked now about, okay, this is how our liquid staking token would work if people vote for yes and if the governance proposal get voted on.
That sounds so amazing.
I'm so hyped.
What is like quick, quick for the people, like which wallet, which wallets can they use?
What, what logic are we using?
Is there any, are we planning to do audits and so on?
What's the time, not the time horizon there, but like, what's the tech background behind it?
I know some people are interested and therefore, yes, it's a pretty important question to answer
yeah
the governance proposal is
running for
one week starting today
then
once the proposal is made
we are
obviously working as hard as possible to get something
to the market as soon as possible.
So the way it works is like you can connect any wallet that you might have right now,
like all of the major Bitcoin wallets like Xverse um unizet and okx and magic
eden and whatnot and then um like very very simple flow you go to stake.liquidium.org because this
is actually a product of the liquidium foundation directly um stake.liquidium.org by the way liquidium.org
is the website for the foundation in case you didn't know um and then just connect the wallet
and then like one click basically stake your tokens tokens will be sent to
a staking contract and that staking contract is a bitcoin canister
with an icp smart contract and then you will receive staked liquidium tokens all on layer
one bitcoin of course and basically the icp smart contract is just sitting in the background
validating that all of the transactions are right validating that you get the correct amount of liquidium tokens and also
calculating the conversion rate in real time as liquidium is sending revenue share into the staking pool. So yeah, everyday staking rewards
will be sent to the staking pool.
The smart contract recognizes that,
adjusts the conversion ratio
and therefore makes your staked liquidium tokens
more valuable compared to liquidium tokens.
That's basically how it works.
Yeah, I'm very excited to,
over the next couple of days and weeks,
we'll probably share a bunch of screenshots
of early mockups and the UI and everything.
And I'm already looking forward to seeing feedback and hearing reactions on these mockups
and on the application for the staking mechanism.
That's so awesome.
So you can basically use your existing wallets.
Man, I love that.
I love that.
Yeah, so time is running.
So now I would say we do have some people left in the audience.
If someone has questions, for example, Damon, I see you.
If you want to ask questions, you ask a lot of questions in the Discord and so on.
Feel free to request the stage.
I will bring you up on stage, and then we can have a little Q&A and then we
will wrap it up soon.
And yeah,
watch the proposal and watch the votes coming in.
I have a question.
Yeah.
I don't think,
I don't think we covered this and I don't know the answer at all because as
Jay said,
right at the beginning,
DGENs do not care about governance, but they care about rev share or someone, DGENs do not care about governance but
they care about rev share
or someone said DGENs don't care about governance
anyways, so I'm a DGEN, I don't really
care about governance, I care about rev share
so I don't actually know
how to vote, if I want to vote on this proposal
how do I do it? Because I want to make sure
it goes through
Good question, so you go to the
thread and then on the goes through. Good question. So you go to the thread
and then
on the
third, last
probably we should
post the link again. I'll just post the link again
in the comments here of the
space, but you will also find the
link to the proposal
in the thread. We should probably
add it all the way to the end
just to make it super...
Already shared on top.
Yeah, but it's quite hard to find
the link in the thread, so I just posted the link
again in the comments
here to the proposal itself.
So you just
go to
that website, to
voti.co and then you will see liquidium
you will see the proposal and then it's just a matter of connecting your wallet to the governance
platform and then you can vote for against or abstain um so yeah super simple stuff it's literally just go to the website connect
your wallet and then you can vote and then basically it will recognize the number of tokens
the number of liquidium tokens that you have in your wallet and based on the number of tokens
that you have in your wallet it will give you a voting power.
So the more tokens you have, the more voting power you have.
Cool, easy. I'm actually gonna vote.
I think I've voted on a governance proposal
like maybe twice ever.
Let's go.
Nice.
I can give you a small update here.
So right now it's 100%.
Four.
So let's see how it unfolds.
Yeah, as I said, if there are people having questions, come up to the stage now.
If you feel like we covered everything and so on, then I'm happy.
As always, reach out to us via Discord, via DMs.
We're happy to answer more questions.
Also, join the discussion on the Discord.
In our normally Equidium Discord,
there you can find the discussion.
We are also in the trenches there discussing with you,
as this is really important for us.
Yes.
So I would say if there are not any more questions,
we will again listen to some summer house.
And then I will wish you all an awesome evening,
depending on where you are.
And yeah, let's wrap it off I think there is a question.
VK, do you have a question?
Yes, I do.
Can you hear me?
Yes.
Okay, good.
I was struggling with finding the right button to push so I can ask a question.
Thanks. Thanks for having me. Hi, Robin. How are you doing? We've interacted a bit on
Telegram and stuff. I had a question around sort of the staking option that Liquidium is providing, what you just presented. I joined
towards the tail end, but hopefully I got the gist of it. And one other option that I could
think of, how Liquidium could add value for sort of long term holders is by, you know, providing sort of Bitcoin rewards.
Right. So like liquidium, the revenue is in is in Bitcoin.
So you could do sort of at least one of two things. Right.
One, what you're proposing here already is is the buyback models.
You're buying back liquidium tokens. The other is, you know, sharing Bitcoin rewards directly, right? So holders of Liquidium
receive Bitcoin in rewards. And that's like a dividend model, right? I come from the traditional
space. So I think of this as like a buyback strategy, like a share buyback strategy versus
a dividend distribution strategy, right? And I'm sure you've put a lot of thinking into what you're
proposing here. So just kind of what wanted to get your thoughts between sort of A
versus B, you know, how you how you thought about it and why you arrived at the conclusion you did.
Yeah, great question. I think there are obviously a number of reasons as with
anything, everything. But we definitely thought about this a lot. And also had that model in mind as a potential alternative and like one downside
to the direct Bitcoin distribution is sort of that it doesn't really tie into a liquid
staking token system so then basically you would have to lock away your liquidity and
tokens and then you get Bitcoin distributed to you and then i guess there is
another complexity to it like will it will the bitcoin be added to your um staking pool and then
you retrieve it when you unstake everything and then you kind of like have two tokens liquidium tokens and and bitcoin um
or would you pack that into a liquid staking token which again then makes it kind of complicated
because it kind of covers the value of two different tokens um and then at the same time, obviously, there is also the, I think one of the main reasons is obviously the inherent value of the token itself.
is probably positive for the token performance of the token therefore in the interest of
protocol users and people that want to hold the token so there is kind of that argument as well
and yeah so I guess for various reasons we opted for the buyback model I think it is in
opted for the buyback model.
I think it is in,
like, when it comes to the interest
of the token holders,
I think this is the most favorable model
that you can go with
because it has potentially the highest impact
on the token holders.
Cool, cool.
Makes sense.
And I also think, yeah,
just one other factor came to mind was just from what you said, right? There's the complexity of implementing a Bitcoin distribution model because it brings in sort of a second token and the cost of it. You know, if you're actually distributing Bitcoin, I guess you have to pay for gas, right,
for the distribution, as opposed to a liquid staking model. So it's probably more cost
effective as well, right? I'm guessing it's simpler, it's more cost effective. So I mean,
that sort of makes sense to me. Thank you. Yeah, it's a combination of simplicity,
Yeah, it's a combination of simplicity, efficiency, and also impact for token holders, I think.
So, yeah, but it is an interesting thought, for sure.
And I mean, if you really want to, what you can still do is obviously sell a bunch of Liquidium tokens every day for Bitcoin,
and then you kind of achieve that same effect as that native Bitcoin dividend would give you.
So I think it's just one extra step.
But from a protocol side, we wanted to make it as simple and impactful as possible.
Cool. Makes sense. Thank you.
Thanks for your question.
No problems.
Awesome. Awesome. Thanks.
Yeah. We approached the one hour mark
and I would say we wrap it up now.
Thank you so much.
And yeah, thanks, Kuk. Thanks, Robin.
Thanks, Dogfather. Thanks Dogfather. Thanks Barb.
Thanks to everyone
excited to kick things off.
Yeah.
See you guys on the next space.
And now we listen to some
yeah
summer vibes. see you guys until the next space bye bye
