Miners

Miners

Liquidity Miners: Eligibility and Authorization Rules

All users located in non-sanctioned jurisdictions who provide liquidity to TELx markets and stake their liquidity in TELx staking contracts, may participate as liquidity miners, harvest TEL rewards, and can submit proposals and vote in Telcoin Platform governance.

Eligibility and Authorization Rules

Liquidity Miners Eligibility Rules: Required Attributes

The required characteristics an individual actor must possess in order to participate in the position of Liquidity Miner and harvest TEL issuance, participate in governance.

  • Required Attributes: None, anyone can participate as long as they are not sanctioned according to the United States OFAC/FINCEN sanctions list.

    • Liquidity Miners: Conditions for Participation

    The actions an individual must take in order to enter, maintain, and exit the position of Liquidity Miner and harvest TEL issuance, participate in governance.

    Entry Rules

    Authorization Process

    In order to enter the position of liquidity miner, an individual must:

  • Provide Liquidity: Provide liquidity to a TELx market.
  • Stake Liquidity: Provide Proof of Liquidity by staking their liquidity provider tokens (LPTs) in TELx incentives contracts.

    • Rules for Maintaining Position

    In order to maintain the position of liquidity miner, an individual must:

  • Proof of Liquidity: Liquidity Miners must maintain a staked TELx liquidity position in order to continue harvesting TEL from TELx and to participate in governance.

    • Exit Rules

    In order to exit the position of liquidity miner, an individual may:

  • Unstake TELx Liquidity: Liquidity Miners may exit their position at any time by removing their liquidity from TELx staking contracts.