LP Tokens Questions 1
LP Tokens represent your liquidity share in the liquidity pool. The transaction fee income will be accumulated to your LP asset and your LP Tokens are the only proof to withdraw liquidity assets.
·After you add liquidity, you will immediately obtain the corresponding LP Tokens, which is a standard EOS token and can be transferred freely. Different liquidity certificate corresponds to different liquidity pool.
·EOS accounts with LP Tokens can freely withdraw the corresponding liquidity assets and claim the corresponding liquidity mining rewards (BOX)
·EOS accounts with LP Tokens can claim the corresponding liquidity mining rewards (BOX). When you transfer the LP Tokens to other EOS accounts, the corresponding right to withdraw liquidity assets and the right to claim subsequent liquidity mining rewards will also be transferred
·Adding LP Tokens to Swap will not participate in the distribution of BOX rewards
bTokens represent your share in the lending market. By bToken exchange rate you can earn interest, and bTokens are the only proof to withdraw your assets.
·After you participate the market, you will immediately obtain the corresponding bTokens, which is a standard EOS token and can be transferred freely. Different bTokens correspond to different markets.
·When the liquidity in the market is sufficient, EOS accounts with bTokens can freely withdraw the corresponding assets and claim the corresponding mining rewards (BOX) and bTokens rewards.
·EOS accounts with bTokens can claim the corresponding lending mining rewards (BOX). When you transfer the bTokens to other EOS accounts, the corresponding right to withdraw assets and the right to claim subsequent mining rewards will also be transferred.
Special Note
The third-party DeFi protocol will launch the application scenario based on the Defibox bTokens to help you revitalize your assets and yield profit. Defibox cannot judge the security of any third-party DeFi protocol, nor can it prevent the third-party DeFi protocol from launching the application scenarios based on the Defibox bTokens. Therefore, it is strongly recommended to identify the security of the third-party DeFi protocol before you make a careful decision whether to transfer your bTokens or not.
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