xLQDR Launch: Double Rewards Weighted Governance, and Expanding the Ecosystem

3 min readJun 15, 2021

Ahoy, Liquid Driver Community!

It has been an eventful period of building and growth since our voyage began in the high Fantom Seas, and we’ve been hard at work to bring you this latest release!

Today, we’re excited to introduce xLQDR: a Yield-Producing Vested Asset (Many thanks to the curve.finance team for inspiration).

Since Liquid Driver’s inception, our goal has been to find the most sustainable way of providing liquidity on SushiSwap. Therefore, the buyback/burn mechanism was only the first stage in correlating LQDR’s price with the total value locked (TVL).

Introducing xLQDR

Soon, users will be able to lock their LQDR to receive xLQDR, a vested version of LQDR that will give further utility to holders and reward long-term holders with skin in the game. We will release the following features in two phases:

Phase One:

To be released in the coming days

Locking Boosts and Revenue-Sharing Vault

Users can lock their LQDR for a period of 1 week to 2 years to earn xLQDR. You will receive a bigger boost of xLQDR the longer you lock your tokens.

Users who hold xLQDR will earn, on top of LQDR, a share of the deposit fees in FTM collected by the protocol in our Revenue Sharing Vault. Once we have migrated our masterchef contract, we will also incentivize the LQDR-FTM and LQDR-fUSDT pools with double rewards of LQDR + FTM for a limited period of time.

Phase Two:

Boosting rewards for our incentivized pool

xLQDR holders will be able to earn more rewards from the pools they are staking in. To be eligible for this boost, users will need to hold a certain amount of xLQDR based on the total amount being staked, which we will calculate and announce.

Weighted Governance

The emissions for the new pools will be dynamic based on the amount of xLQDR users choose for each one, and holders of this vested asset will be able to participate in gauge voting (this will take another two weeks to develop).

Liquid Driver is about generating yields to users and providing more liquidity to the products that need it. With this Weighted Governance model, LQDR holders will control the protocol’s emission through voting and earn a share of its revenue while providing the necessary liquidity.

What’s next?

Migration to the new LQDR pools:

Once we deploy the latest UI and xLQDR feature, the next step is to migrate the staking pools. We will make the switch and then deactivate the deposit fee for 72 hours, giving stakers a window to move funds to the new pools.

Stay tuned in the community channels and keep an eye on our social media, as we will be making an announcement when this is ready.

Expanding the ecosystem

As you can see, we are entirely redesigning Liquid Driver’s value flow, and our goal is to evolve into the leading liquidity-on-demand service.

We are communicating with a few interesting projects about collaborating and expanding the ecosystem and have even more game-changing developments coming up soon.

Liquid homies, thank you for your support and for joining us on this journey. This is only the beginning, so get ready for new treasures on the horizon!