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Dapp Incentives

Plenny rewards Bitcoin Lightning Nodes as well as users of the Ethereum ecosystem. Fundamentally, in parallel to the transaction activity over the LN, participating users earn rewards for using PL2 in the Ethereum-driven smart contracts of Plenny. The following types of incentives are given:

  • For logging channel capacity: Lightning Nodes receive LN Channel Rewards for logging payment channel capacity on a non-custodial basis utilizing the NCCR-mechanism.
  • For licensing channel capacity: Liquidity Makers earn Royalties and receive LOC Channel Rewards for the provision of inbound capacity.
  • For oracle validation: Lightning Oracles receive Oracle Validator Rewards (OVR) for rendering validation services.
  • For the staking of LP-token: LPs using the liquidity mining program receive liquidity token for Fish Farming via the Dapp and are incentivized with PL2.
  • For the replenishment of the Treasury HODL: Users who trigger the rebase mechanism allocating fees and inflation for burning and buybacks receive a percentage of the replenished amounts.
  • For initiating the oracle election: Users who trigger the election for new validators receive a fixed amount of rewards.
  • For delegating to Plenny Governors: Delegators receive rewards for staking.
  • For governance voting: Governors and Voters who stake PL2 and participate in the DAO receive rewards.