🔐Liquid Wrappers

abcTOKENs are liquid wrappers for their corresponding ve token.

• abcRAM is corresponding to RAM

• abcPHAR is corresponding to PHAR

• liveTHE is corresponding to THE

• and so on.

When users deposit their veNFT, they automatically receive a proportional amount of the abcTOKEN (abctoken is minted 1:1 with the exchange token). abcTOKENs are a tokenized, fungible representation of 1 veNFT locked with Abacus. Abacus automatically converts any rebases into abcTOKENs, and passes this along to abcTOKEN depositers (fee distributor and autocompounder).

abcTOKENs:

• Are a tokenized version of veNFT

  • Abacus automatically converts rebases into the abcTOKEN proportional to the users staked amount.

• If a user deposits the exchange token into Abacus, that token is locked into Abacus's veNFT as veNFT, in exchange the user receives proportional amount of abcTOKEN.

• can be staked into the platform to receive revenue

• Rather than staking abcTOKEN, users can also choose to contribute to the exchange correlated liquidity pool token/abcTOKEN for high APR in fees and emissions.

Fee Distributor

Abacus's fee distributor streams rewards from the token wrapper's performance on the underlying dex.

Autocompounder

The auto-compounder represents another stride towards optimization and streamlining. Stake your abc tokens in our vault, and it will automatically compound all rewards generated by our veNFT into more of the abctoken.

Upon depositing abctoken into the vault, you'll receive a receipt token as proof of your deposit. The number of receipt tokens you receive is determined by the quantity of abctokens already in the pool and the current total supply of the receipt token. This ratio is initially set at 1 receipt token = 1 abctoken but will gradually increase over time due to compounding.

The ratio only changes as compounding events occur, which are then distributed to the pool and divided equally among all receipt token holders. This leads to each receipt token being worth more abctoken (resulting in an increased share of abctoken).

Here's how the compounding process works:

• Exchange rewards from bribes/fees are converted to abcTOKEN or the underlying dex token if abcTOKEN is over peg.

• Rebases for the abcTOKEN are streamed.

It's important to note that active harvesting of the vault is required to enable auto-compounding.