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linSPIRIT
Wrapped version of inSPIRIT

What is linSPIRIT?

LiquidSpirit is a wrapped version of inSPIRIT. linSPIRIT, unlike inSPIRIT, is liquid, while still earning the weekly trading fee based rewards from inSPIRIT. It is based on SpiritSwap's winSPIRIT model.
Users can swap their SPIRIT for linSPIRIT at a 1:1 ratio using our LiquidSwapper. In order to trade their linSPIRIT back to SPIRIT, users will need to use a DEX, such as SpiritSwap.
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What is the purpose of linSPIRIT?

When users swap SPIRIT for linSPIRIT, we lock the SPIRIT for the maximum duration (four years) on a weekly basis. We then use the inSPIRIT received to boost yields for our SPIRIT farms.
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What are the benefits of linSPIRIT?:

The motivation behind linSPIRIT, in addition to driving more revenue for xLQDR holders, was to offer a new alternative to inSPIRIT with major advantages.
First and foremost, your position is liquid, meaning you can swap back to any other token at your convenience using a DEX.
Secondly, you get to pick from two possible strategies to earn yield. You can stake your linSPIRIT to weekly rewards from inSPIRIT amplified by the boost ratio. Stakers now also earn 8% of the SPIRIT revenue from our strategies. Users can also provide liquidity for linSPIRIT/SPIRIT and earn LQDR.
The level of boost you get by choosing linSPIRIT instead of inSPIRIT depends on the ratio of locked SPIRIT and the staked linSPIRIT. Ratio of 2 would yield you twice as much compared to inSPIRIT.
π‘Ÿπ‘Žπ‘‘π‘–π‘œ: π‘Ÿ = π‘†π‘ƒπΌπ‘…πΌπ‘‡π‘™π‘œπ‘π‘˜π‘’π‘‘ / π‘™π‘–π‘›π‘†π‘ƒπΌπ‘…πΌπ‘‡π‘ π‘‘π‘Žπ‘˜π‘’π‘‘
𝑒𝑔. : π‘†π‘ƒπΌπ‘…πΌπ‘‡π‘™π‘œπ‘π‘˜π‘’π‘‘ = 100
π‘™π‘–π‘›π‘†π‘ƒπΌπ‘…πΌπ‘‡π‘ π‘‘π‘Žπ‘˜π‘’π‘‘ = 50 β†’ π‘Ÿ = 2 β†’ 1 π‘™π‘–π‘›π‘†π‘π‘–π‘Ÿπ‘–π‘‘ π‘’π‘Žπ‘Ÿπ‘› π‘Žπ‘  2 in𝑆𝑃𝐼𝑅𝐼𝑇