$VLRM Utility

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

4 Key Utilities (so far...)

​1. Spend to Mint New Relics: VLRM can be spent to mint new Relics of Magma NFTs (current mint price = 1,000 VLRM + 4.5 ADA trxn fee).

2. $L4VA Presale Access: VLRM holders will have pro-rata access privileges to take part in the discounted $L4VA token pre-sale.

3. Unlocks 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 staked in vaults will be confirmed in an announcement closer to the date of launch.

4. 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.