Shareholders,
In-app incentives are always so boring. Points for volume, a leaderboard, an airdrop at the end that everyone farms with the same wallet script. The reward is for doing what the app wanted you to do anyway, and you wait months to find out what it was worth.
So we made one for losing, and you get it on the spot.
$LOSE is minted when you lose money on NET LONG or on the FUTURES desk. Lose a dollar, get LOSE, in the same transaction that records the loss. It lands in your wallet as a normal token with a live pool. No lockup, no vesting, no claim page, no snapshot, no season. You can sell it before the position that earned it has finished closing.
The mint rate decays with every dollar lost, so early losers get the most per dollar and later ones get less and less.
Every transfer pays 5%. 2% burns $LOSE, 3% is sold for USDG and lands in the NetNet Treasury.
More Soon.
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