DefiPlaza currently has three different tokens:
- XDP2, the liquidity token of the DefiPlaza pool
- XSP, the liquidity token of the StablePlaza pool
- DFP2, the governance token of the DefiPlaza project
XDP2
XDP2 is the liquidity token of the DefiPlaza pool. When you provide liquidity to the DefiPlaza pool, you will receive a number of XDP2 tokens, that represents your share of the liquidity.
The generated trading fees of the DefiPlaza pool will increase the value of the XDP2 token. The value of XDP2 also fluctuates based on the value of the listed tokens. If the 16 tokens grow in value, so does the value of XDP2.
Anyone who wants to can stake their XDP2 in return for DFP2 tokens. This staking program runs until October 6, 2022.
XSP
XSP is the liquidity token of the StablePlaza pool. When you provide liquidity to the StablePlaza pool, you will receive a number of XSP tokens, that represents your share of the liquidity.
The generated trading fees of the StablePlaza pool will slowly increase the value of the XSP token.
DFP2
DFP2 is the governance token of DefiPlaza. It is used to make governance decisions on the future of the DefiPlaza project.
Anyone who wants to can stake their DFP2 tokens in return for a part of the fees of the StablePlaza pool.