Core Concept

Liquid Node Token (LNT) separates assets into Vesting Token (VT) and Yield Token (YT).

Users deposit their Node NFT into the LNT Vault. The Vault calculates and issues VT (Vesting Tokens) based on the vesting schedule and expected future rewards associated with the Node license. Simultaneously, the Vault generates a YT (Yield Token) for the user.

VT (Vesting Token):

VT tokenizes the future guaranteed native token (T) rewards (Deterministic Rewards)associated with a node license, allowing participants to trade or transfer these rights immediately. Upon maturity, each VT can be redeemed 1:1 for the native token (T). When a user deposits their node license NFT into the LNT Vault, they receive the corresponding amount of VT tokens. To reclaim their NFT license, users must burn the requisite number of VT tokens.

YT (Yield Token):

Each YT represents a claim to one node license NFT. If a user wishes to reclaim their NFT before maturity, they must burn a YT along with the required VT amount. After maturity, burning a single YT suffices to retrieve the NFT without additional VT.

aVT(Accrued Vesting Token)

aVT (Accrued Vesting Token) represents the total number of tokens a node is eligible to receive in the future upon depositing a License into the Vault. The aVT value is tied to the timing of the deposit: earlier deposits result in more VTs, while later deposits obtain fewer VTs. Over time, the aVT gradually decreases, reaching zero upon expiration.

Automated Buyback Mechanism:

When the Vault receives Rewards, it automatically repurchases and burns VT through a swap, ensuring long-term tokenomics stability.