What Is HLP Token (HLP)?
The easiest way to start is to develop an off-chain bot that monitors the Stabilize strategies continuously. This bot would query the expected Profit function which returns units of base currency profit (when set to in HLP Token set to true). If the profit is greater than the gas costs, the bot would then create a transaction to execute Swap Tokens with its own address as the parameter to receive its percent of profit.
The bot may also set a minimum seconds since the last trade to limit its gas cost in case someone else beats it to the trade. Ideally, the executor will make continuous profit, trading depositors funds at the right times and depositors will make the best compound interest possible as their funds are traded at the most profitable times. It is important to note that the contract itself doesn’t allow for trading at a loss.
HLP Token Storage Key Points
|Coin Name||HLP Token|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
HLP Token Arbitrum
HLP Token is the emission token for the Stabilize protocol on Arbitrum One. It is emissioned from incentivized pools to help increase liquidity for the Stabilize strategies. Following a migration from the main layer of Ethereum, STBZ is perpetually emitted at 1% inflation yearly following a 5 weeks burst period at the beginning of the start of the protocol.
Strategies consistently buy STBZ with their revenue to store for future emissions. The goal of STBZ on Arbitrum One is to have a net zero minting every week as buybacks will outsize emissions from the protocol. This token can be provided as liquidity with ETH to earn additional STBZ tokens. It cannot be staked otherwise.
All earned HLP Token are subject to a mandatory 3 months vest period. At the start of the reward period, 100% of users rewards are taxed and it decreases linearly to 0% over 3 months. This means at 1.5 months in, only 50% of the reward can redeem, the other 50% will be taxed. Each new deposit offsets to vest time proportionally to the amount that is deposited. STBB is the emission token for the Stabilize protocol on Binance Smart Chain.
It is emission ed from incentivized pools to help increase liquidity for the Stabilize strategies. Stabilize BSC token (STBB) minting is controlled by the Emissions Operator contract that will mint weekly to the max supply of 10 million tokens over the next 520 weeks following a linear decay model estimate pictured above. STBB token can be staked into the wrappers, which allows them to earn a percentage of the arbitrage profits generated by the wrapper.
Their staking weight boosts the STBB emission of the corresponding pool. This emission system is novel in crypto, and aims to allocate the highest rewards to the most profitable strategies. It further allows the depositors to increase the HLP Token emissions of “their” staking pool.
The development team takes security very seriously. The team continually dedicates a portion of its funds for smart contract reviews and audits. The HLP Token development team has relinquished direct control over minting the Stabilize reward tokens. The emissions operator contract controls the minting rate. In addition, all governance functions are controlled by a 24 hour time-lock. This gives depositors enough time to make a decision to stay in the protocol or not.
HLP Token incurs risk just like all token protocols do. If one of the pooled tokens collapse and doesn’t recover, you may realize losses. There are also unknown smart contract risks. The general rule is, do not deposit more than you are willing to lose. Stabilize strategies are powered by something called a vault and strategy model. This is essentially a pairing of two contracts that operate together to safely store user deposits.
The vault contracts act as the depositor and with drawer of the strategy. It keeps account of user positions inside the strategies and can be traded as a fungible token. HLP Token call these tokens z-Tokens. All Arbitrary One strategies actively buyback STBZ with the performance fee profit excluding the amount given to the executor.