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Breakdown of $IOL token:
$IOL is the governance and utility token of @iolendfi.
Token contract address is: 0xf5755e48b6f2f06f8ea904bda26177cb3ca06ff0
$IOL token can be purchased on Wagmi.com - make sure to chose @IOTA EVM network.
$IOL tokens are emitted to depositors and borrowers. Emitted IOL tokens vest for 90 days.
Tokens may be claimed at any time before they are fully vested but early withdrawal from a vest will incur a penalty between 25-90% based on a linear schedule of elapsed time.
Depositors and Borrowers can earn $IOL emissions only if they deposit and Lock $IOL - $wIOTA wLP.
The amount of $IOL- $wIOTA LP required to earn emissions is 5% of total deposited/borrowed value.
There are 4 lock durations available for the Lock of $IOL- $wIOTA LP.
1 Month, 3 Month, 6 Month and 12 Month lock.
Users with longer lock period earn higher APR rewards.
Stakers of IOL-wIOTA LP also receive a share of platform fees (paid out in real yield), or lock it for 1/3/6/12 months to receive platform fees and exit penalties.
coingecko.com/en/coins/iolend
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