📑Tokenomics

What can you do with the MMF token on Arbitrum?

The core utility of the MMF token on Arbitrum is to be used as a governance token through vote-escrowed economics, alongside the ability to be staked for liquidity mining/revenue share rewards. By providing LP (Liquidity Provider) tokens on our DEX, you will be able to earn MMF and xMMF tokens. The MMF tokens are immediately liquid, where you can opt to either:

1. Lock it into xMMF to earn a share of revenue

2. Sell it as rewards.

At inception, the xMMF tokens will allow you to earn liquidity mining rewards of MMF + xMMF tokens until our revenue pipeline is fully setup. Following which, we will transition towards a revenue staking model. Our goal is to rapidly build up a thriving ecosystem on the Arbitrum chain to grow revenue streams that goes towards procuring of Protocol Owned Liquidity (for long-term sustainability), and towards high revenue share.

More on xMMF token:

You will be able to unlock your xMMF token back into MMF tokens, and you will be allowed to choose a duration between 3–21 days. Choosing a duration of 1421days will allow you to exchange 1 xMMF back for 1 MMF token. Choosing shorter durations will result in lesser being claimed, with the remainder being burnt. By choosing to continue holding xMMF tokens, you will be able to stake xMMF to earn liquidity-mining/revenue-share rewards. Lastly, you will also be able to lock your xMMF tokens into veMMF (Vote-Escrowed MMF) tokens. By choosing to lock into veMMF, you will earn liquidity mining yields, while gaining the ability to vote for liquidity gauges on our DEX.

More on veMMF token:

The veMMF token is a non-transferrable token that represents your voting power. The longer you lock your xMMF as veMMF tokens, the higher the boost to your voting power. We will be building strong relationships with projects on Arbitrum, through which they can provide bribe incentives to veMMF token holders. As a veMMF holder, you will be:

1. Earning from liquidity mining/revenue share (from the MM Finance protocols)

2. Earning through bribes provided by external project holders. We will refresh the farm multipliers based on the amount of votes that each project would have received every epoch (2 weeks)

As you can see, our immediate priorities are the following:

1. Focus on lock-up model that incentivises long-term holders

2. Building huge revenue streams for price stability, and holder confidence

3. Building strong relationships with Arbitrum teams to build a true decentralised exchange governed by a vote-escrowed model

By focusing on a lock-up model that incentivises long-term holders, we are confident that we will be able to build a fly-wheel effect surrounding the MMF token on Arbitrum. With the many plans that we have regarding the type of protocols we wish to launch, we are certain to build up huge real-yield revenue streams to support the token price growth of MMF. See our first article for more info on the protocol roadmaps.