Our First Pool: HMX's HLP

HLP is the liquidity token of the HMX exchange. FIRA members staking into Bonds can enjoy boosted HLP rates of at least 20% over the standard.

HMX rewards HLP stakers with USDC.e, esHMX, and Dragon Points (DP). The USDC.e tokens will be harvested daily and will go back into the lending pool. As this pool grows, more will be able to be borrowed, allowing for larger positions.

EsHMX is vested HMX. These tokens also receive yield in the form of USDC.e and more esHMX when staked. We will compound the esHMX and collect the USDC.e yield to distribute back into our lending pool, growing over time.

Dragon Points (DP) are like loyalty points. When staking HMX or esHMX, you accrue DP at a rate of 100% APR and these points yield USDC.e at the same rate as HMX/esHMX. The USDC.e rewards from DP will also go back into the lending pool. DP has a mechanic that when unstaking HMX/esHMX, that number of DP is also burned, encouraging long term staking. The longer you hold, the more your USDC.e rewards grow.

For a deeper dive into HMX's HLP, you can read more here.