Summary
An overview of HLAW
Introduction
HLAW is a decentralized finance (DeFi) protocol built on the Pulsechain network. Designed to offer users robust and sustainable rewards, HLAW integrates innovative features such as dual rewards, PulseX farming, and a community-driven model. This summary of the whitepaper outlines the core aspects of HLAW, including its tokenomics, reward mechanisms, security protocols, and overall value proposition. Click on links for more details on a particular section.
Vision and Mission
Vision:
To create a secure, sustainable, and rewarding DeFi ecosystem that empowers users to maximize their returns through innovative staking and farming mechanisms.
Mission:
HLAW aims to provide consistent, reliable rewards to its users by leveraging external income sources like PulseX farming and implementing a transparent, community-driven protocol that fosters long-term growth and stability.
Core Features
1. Economic Framework
HLAW operates on a model that ensures 1 HLAW token is always equivalent to 1 DAI-WPLS LP token. This ratio is maintained through the protocol’s smart contracts, providing users with predictability and confidence in the value of their HLAW.
2. Rehypothecation
HLAW is built on top of PulseX farming, a proven mechanism for generating external income. By integrating with PulseX, HLAW taps into a stable and reliable source of revenue, which is used to fund user rewards. This integration reduces the protocol’s reliance on new user inflows and market fluctuations, providing a solid foundation for long-term sustainability.
3. Staking
By staking HLAW, users can tap into two distinct income streams:
INC Tokens: Earned from PulseX farming, providing external income that enhances user returns.
HLAW Tokens: Generated from protocol fees and user interactions within the HLAW ecosystem, offering consistent in-protocol rewards.
This dual reward mechanism ensures that users can maximize their returns while participating in the protocol’s growth.
4. Prize Pool Feature
HLAW includes a dynamic Prize Pool feature funded by 4% of protocol fees.
Users who purchase HLAW tokens are added to the Prize Leaderboard, with the 10 most recent buyers eligible for rewards when the countdown timer hits zero. The Prize Pool encourages active participation and provides an exciting opportunity for users to win significant HLAW rewards.
5. Referral
6. Boost Rewards
Boost Rewards is an injection of funds into the protocol by the team utilizing rewards accrued from the protocol’s rehypothecation.
A set amount of rewards are deployed to users at the conclusion of a countdown timer. When the timer hits zero, the rewards are distributed to HLAW stakers only. The amount of Boost Rewards and the frequency of distribution is determined by the team.
Fee Structure
HLAW implements a structured fee system to support the protocol and reward its users:
Buy/Sell HLAW Fees: 10% fee on HLAW buys and sells, distributed to HLAW stakers, the Prize Pool, and the protocol.
INC Claim Fees: 10% fee on INC token claims, split between HLAW users, Prize Pool, and the protocol. View Fee Allocation details
The process is straightforward:
Buy HLAW: Users can acquire HLAW tokens using DAI-WPLS LP (v1) tokens or convert any Pulsechain token into HLAW using our built-in Zapper.
Stake HLAW: Stake your HLAW tokens to start generating rewards in INC tokens.
Earn Dual Rewards: While staked, you earn INC tokens from PulseX and additional HLAW from protocol fees.
Security
Security is paramount in HLAW. The protocol employs smart contract technology to manage staking, rewards, and fee distribution. To ensure the safety and reliability of the platform, HLAW has undergone a double audit, providing users with confidence in the security of their assets.
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