Lotus
What is Lotus?
Last updated
What is Lotus?
Last updated
Alert: Lotus Staking has been disabled due to a critical bug found in the code the 2 auditors missed. Eden V2 of Lotus will be launching Soon. The Virtual Mining, Buy & Burn and Lotus Bloom Reward are function as planned.
Lotus introduces a sophisticated virtual mining system built on $TitanX and $Volt, designed with extreme Hyper-Deflationary tokenomics through strategic token burns & halving effects. This innovative approach creates a self-sustaining ecosystem within the TitanX DeFi framework, emphasizing long-term participation and supply control. With its decentralized liquidity pool and advanced token mechanics, Lotus offers a unique experience for DeFi participants focused on sustainability and innovation.
Lotus is a DeFi token built on top of TitanX and Volt, utilizing a virtual mining model to power its ecosystem.
Participants mine Lotus using TitanX, creating deflationary pressure through token burns that reduce the supply of both Lotus and Volt.
By leveraging TitanX, which is leveraged by Ethereum, as the mining token, the protocol creates a self-sustaining ecosystem.
Lotus features decentralized liquidity provisioning on Uniswap V3, with a liquidity pool pairing Lotus and Volt to enable open trading, full range and concentrated liquidity access.
The protocol incorporates a decentralized buy-and-burn mechanism to strategically reduce Lotus tokens and maintain a healthy balance of supply and demand.
Mining bonuses are designed to encourage long-term participation, with higher incentives for longer commitments.
