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Unknown
  • Why Unknown?
  • Tokens
  • Platform Rewards: Current vs Projected APR
  • Contract Addresses
  • Platform Fees
  • Platform Fees Usage
  • Risks
  • INVESTORS
    • Understanding Unknwn
    • Understanding unCONE
    • Unknown for Liquidity Providers
    • Unknown for CONE Stakers
  • PARTNERS
    • Unknown for Launch Partners
    • Partners FAQ
    • How to join as a Partner?
  • VOTING
    • Voting and Gauge Weights
    • Vote Locking
    • Vote Delegation
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On this page
  • unCONE is tokenized veCONE
  • unCONE Staking
  • unCONE Liquidity Pools
  1. INVESTORS

Understanding unCONE

unknwnCONE token, and how it fits in the Unknown platform

unCONE is tokenized veCONE

  • A tokenized version of veCONE, unCONE, is returned to the user at a 1:1 rate.

    • Unknown automatically converts rebased CONE into unCONE proportional to the users staked amount.

  • If a user deposits CONE into Unknown, that CONE is locked forever on the platform as veCONE.

  • Converting CONE to unCONE is a one-way transaction (i.e. it can not be undone).

unCONE Staking

  • unCONE can be staked into the platform to receive normal CONE admin fees one would get for staking their veCONE on CONE.

  • Additionally, users staking unCONE will receive CONE from Unknown's performance fee, as well as the platform native token Unknwn.

unCONE Liquidity Pools

  • Rather than staking unCONE, users can also choose to contribute to the CONE liquidity pool unCONE/CONE.

  • Users can then stake their unCONE/CONE LP token on Unknown to receive a 0-5% fee on CONE earned by other LP positions for providing liquidity to enter and exit Unknown's CONE ecosystem via the unCONE token.

    • By default this is 0% but can be raised by a governance vote.

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Last updated 2 years ago