Understanding lqASH

lqASH is the wrapped version of the ASH token created through the VortX DAO warp mechanism.

• Users deposit ASH to VortX DAO and receive lqASH with a ratio of 1:1.

• This is a one-way delegation as users cannot claim back their ASH once given to VortX DAO.

• The amount of accumulated ASH will be locked on AshSwap for 4 years in perpetuity, to maximize the veASH received.

By holding lqASH, users gain access to enticing opportunities of maximising their benefits:

Option 1: Stake lqASH on VortX DAO

1. Earns VortX DAO's veASH incentives granted by AshSwap excluding voting power

2. Earns bonus VXD and ASH

Important note: The rewards for lqASH stakers is highly correlated to the parameter $\gamma$ :

$$\gamma = \beta \frac{Q_s}{Q_V}$$

$\beta$: lqASH reward coefficient, changable by the DAO

$Q_s$: Staked lqASH amount

$Q_V$ Total lqASH amount

Multiplying the parameter $\gamma$ by the total rewards will provide the amount of incentives designated for lqASH stakers. This calculation ensures that the rewards are distributed proportionally based on the value of $\gamma$.

Option 2: Provide liquidity to the lqASH/ASH pool on AshSwap and stake LP tokens to VortX DAO

• Earns rewards as LP tokens stakers (see VortX DAO for Liquidity Providers)

• Earns bonus incentives similar to lqASH stakers: obtains the remaining share after deducting rewards claimed by lqASH stakers from the total amount