Repository

Bakers supply to the Backing Pool their funds, in turn, they receive different benefits.

The liquid assets are gained by the decision of community through the following procedures:

  • sale of the Loyalty Badges from the Repository

  • renting Loyalty Badges at some defined monthly rate

  • staking liquid assets of the Repository

  • other Repository management actions with the potential benefits

The liquid part of Repository can be distributed between all community members by their quorum decision. Or community decision can be used to claim a corresponding liquid part of assets in the Repository at any time by the redeeming procedure with the subsequent burning of the provided Loyalty points. Even though Loyalty Badges assets of the Repository are considered as the ownership of Loyalty point users, they cannot be redeemed at any time.

Voting procedures regarding the Repository are subject to be modified by the decision of Loyalty point holders (after the voting procedures launch).

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