$VLRM Utility

Introduction to the utility tied to the VLRM token announced to date.

$VLRM Utility

​1. Spend to Mint and Upgrade Relics NFTs: $VLRM can be spent to mint new Relics of Magma NFTs.

2. $L4VA Presale Access: Complete

3. Key to L4VA Vault Creation: In order to create a vault on the L4VA Protocol, the creator must lock an amount of VLRM in the Vault until the vault is finally terminated. The amount of VLRM required to be locked in vaults is dynamic and subject to change over time based on demand.

4. Deflationary Burns: $VLRM locked in vaults is automatically burned when vaults are terminated reducing the supply of circulating $VLRM token with adoption of the protocol.

5. Vault Creator $L4VA Rewards: Vault creators stand to benefit by reaping up to 20% of all $L4VA Rewards bestowed upon the vault, weighted by vault driven protocol activity over the previous 30 day period.

6. Staking: Users can receive yield in $VLRM on their staked supply.

7. Alignment bonuses: By Staking 20,000 $VLRM on the protocol, users are eligible for alignment bonuses of $L4VA rewards Alignment Bonuses ($L4VA).