LPD

What is LPD?

LPD is the Liquidity token within the DUCA Reflexivity Protocol. In exchange for DCM, holders can provide liquidity to the Stability Pool by swapping DCM for LPD.

LPD holders are subject to the Stability Fee and when exiting LPD, holders are subject to the Exit Fee.

• Token: ERC-20

• Supply: Elastic

• Utility: Stability Pool liquidity token (pool token)

• Value: $\textrm{1 LPD = 1 DCM * lpRATE}$

• Redeemable: No

• Legal rights / Ownership rights: None

LPD is not designed or meant to be used for payments in any way or designed to have a stable market value. The possibility of using LPD to receive DCM from the Stability Pool does not constitute any legal rights to its owners in any way. It also does not give any voting or governance rights, nor does it give any rights concerning redemption in any form. LPD tokens do not by any means represent a claim on DUCATA.