Liquid Staking Derivatives (LSD)
The LSD function allows you to lock MEN tokens to receive stMEN at a 1:1 ratio and choose a 30-day or 60-day lock period.
Benefits of locking MEN tokens for 30 days to receive stMEN:
- Share in the monthly tax profits in proportion to the number of stMEN holdings.
- Increase your Affiliate Level by one for every 2500 stMEN owned.
- StMEN is tradable on DEX.
Benefits of locking at least 15,000 MEN tokens for 60 days to receive stMEN:
- Share in the monthly tax profits in proportion to the number of stMEN holdings.
- Increase your Affiliate Level by one for every 2500 stMEN owned.
- StMEN is tradable on DEX.
- Get a 50% discount on Buy/Sell/Transfer tax, reduced from 10% to 5%. when you have at least one “Lock” order of 15,000 $MEN remaining for 60 days.
- When you transfer StMEN, you forfeit the right to unlock MEN tokens for the corresponding amount. Recipients of StMEN from others will have a 30-day unlock waiting period.
The LSD feature allows you to lock $MEN and receive $stMEN at a 1:1 ratio. You can choose to lock tokens for either 30 or 60 days.
Benefits for Staking Participants:
- Affiliate Level increase.
- 10% of Monthly tax sharing.
- 50% reduction in Buy and Sell taxes if you have an order of locking at least 15,000 $stMEN for 60 days.
Comparison of benefits between locking $MEN for 30 days and 60 days:
