$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: VLRM holders will be whitelisted for the 20% discounted $L4VA token pre-sale with early $L4VA pre-sale access and 10-20% bonuses based on holdings.

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, making $VLRM a deflationary token.

5. Vault Creator $L4VA Rewards: Vault creators stand to benefit by reaping 20% of all $L4VA Rewards bestowed upon the vault, weighted by TVL of the vault, vs total TVL of vaults created in the last 30 days.