Article Summary, Automatically Generated By AI
Summary of Firebird Finance
- Locking HOPE in Governance platform for 1 week to 4 years yields mHOPE.
- mHOPE is transferable, but only for voting rights.
- Original address used to lock HOPE can redeem HOPE without holding mHOPE.
- 1 mHOPE = 1 vote for governance.
- mHOPE holders who stake tokens on Firebird Finance receive a portion of trading fees on Firebird Finance Swap decentralized exchange.
- Key figures: 1 week, 4 years, 1 mHOPE = 1 vote.
About Firebird Finance
At the forefront of decentralized finance, Firebird Finance is a pioneering force, harnessing the transformative power of blockchain technology to redefine the boundaries of modern finance.
By locking HOPE in the Governance platform for a period of between 1 week and 4 years, users will be eligible to receive mHOPE. Upon receipt, mHOPE becomes transferable, albeit solely for the purpose of exercising voting rights. Notably, the address utilized to lock HOPE and obtain mHOPE will retain the ability to redeem HOPE, independent of mHOPE holdings. In the context of governance, a 1:1 ratio applies, wherein 1 mHOPE is equivalent to 1 vote.
Notably, mHOPE token holders who have opted to stake their tokens on Firebird Finance are entitled to a share of the trading fees generated on Firebird Finance Swap, a decentralized exchange.