PODL
Protocol Owned DEX Liquidity
The Protocol Owned DEX Liquidity (PODL) is a module that buys LP tokens using 50% of Valas BNB treasury rewards. All purchased VALASBNB LP tokens are locked forever to ensure healthy ongoing liquidity and effectively making less VALAS Tokens available over a long enough timeframe.
As an incentive, PODL offers a 10% premium on VALASBNB price.
PODL is not mandatory by any means, it is a way to exit your LP position by selling your VALASBNB directly to the protocol. By doing this, you are both helping the protocol and getting a profit, it’s a win-win situation.
Super PODL is an “extension” of PODL, available to people with more than 10k locked VALAS. Once you Super PODL to buy all the available BNB at once, it incurs a one week cooldown.
To use PODL, you can go to the PODL page, approve the contract spending VALASBNB on your behalf if you haven't done so already, pick an amount of BNB to buy, and press the "Buy BNB" button.
To use Super PODL, you can go to the PODL page, approve the contract spending VALASBNB on your behalf if you haven't done so already, pick an amount of BNB to buy, and press the "aaaaaaaah I'm super podliiiiiiing" button.
The amount of BNB you can buy depends on your amount of locked VALAS and the amount of BNB available in the treasury.
VALASBNB tokens need to be unstaked to be sold to the treasury. You can see this number on the PODL page ("Based on your locked VALAS, you can buy: X BNB").
Note that PODL button is disabled if the amount of buyable BNB is smaller than 1.
The amount of buyable BNB is given by the formula:
buyable BNB = 25 * available BNB in treasury * your locked VALAS / total locked VALAS
The available BNB refills as BNB borrowing fees are paid.
In order to Super PODL, you need enough unstaked VALASBNB to buy the entire treasury.
Meaning you need at least (VALASBNB): available BNB in the treasury / VALASBNB price (in BNB)
- BNB currently available
- VALASBNB held
- Total BNB sold
Valas does not stake VALASBNB, it only holds them, so it does not dilute LP staking rewards (distributed amongst LP stakers). In fact, it can even increase them as people unstake their LP tokens to sell them to PODL (reducing the total amount of staked LP tokens).
Last modified 11mo ago