DELTA-RLP meaning in Cryptocurrency ?

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Answer:

The Delta ecosystem started with a Limited Staking Window (LSW). Users were able to contribute Ethereum to the LSW which was used to create liquidity for the Ethereum / Delta Pair on Uniswap. rLP tokens were given in return to the participants. rLP tokens have a special attribute of periodically rebasing its underlying liquidity and therefore increasing their mint price exponentially. To create maximum value for our early community members, a special launching event was designed called Limited Staking Window. Participants staked Ethereum in the launch contract, in return they receive rLP tokens. After the LSW closes, liquidity rebasing will significantly increase the minting price (~150%), making participation in the LSW much more cost efficient, compared to minting rLP tokens post launch.

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Posted on 09 Nov 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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Miscellaneous in Cryptocurrency
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Miscellaneous in Cryptocurrency


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