What is $esLIF3?
Escrowed LIF3 ($esLIF3) is an incentive for liquidity providers (LLP) and $LIF3 stakers in Lif3 Trade. It's not a liquid token you can trade, but here is where things get interesting. With $esLIF3, you have two options:
- Stake $esLIF3 on Lif3 Trade to earn rewards.
- Vest $esLIF3 on Lif3 Trade to make it liquid $LIF3, which you can use for whatever you want.
Each staked $esLIF3 token will earn the same amount of $esLIF3 and $FTM rewards as a regular $LIF3 token.
Staking $esLIF3 on the platform is simple:
1) Go to the Earn section of Lif3 Trade
2) Search for the esLIF3 area on the website, and press on Stake
3) Approve the token spendings on your wallet
4) Input how much $esLIF3 you want to stake
5) Press on stake and confirm the transaction.
6) And that's it! You are earning by staking $esLIF3 on Lif3 Trade.
What rewards does $esLIF3 earn?
- $FTM fees from the platform
- Escrowed LIF3 ($esLIF3)
- Multiplier points
Multiplier points can be staked for fee rewards by pressing the "Compound" button on the Earn page. Each multiplier point will boost $FTM APRs at the same rate as a regular $LIF3 token.
Click on this Article to learn how to earn by vesting $esLIF3
If you are a visual learner feel free to learn about this topic using the tutorial below: