We’re reallocating our capital away from a sole focus on staking and towards driving user growth into the next stratosphere and to reward our users and all holders instead of just stakers. Full details are here: Houdini Swap: A new era.

Q: What is the new revenue distribution model?

A:

Old Rev-enomics

90% → Buyback & Staking
10% → Project development

New Rev-enomics

10% →Buyback & Staking
40% → Buyback & Burn
50% → Treasury for marketing and project development.

Q: What are the benefits of the new model for $LOCK holders?
A:

Reduced Supply: Buyback and burn mechanisms create a deflationary effect, increasing token scarcity.
Fair Rewards: All holders benefit, not just stakers.
Growth Focus: Treasury funds will drive platform adoption and user acquisition.

Q: Why change the staking model?
A: Staking failed to drive adoption or create meaningful network effects. Despite offering high APYs (up to 160%), we saw no net new stakers and even experienced outflows. We’re shifting to a model that rewards all users and prioritizes growth.

Q: What happens to my staked tokens?

A: Your staked tokens will remain staked, but you can now unstake them with a 14-day notice period instead of the previous 90 days. The immediate unstaking option is still available, and the penalty fee for doing so has decreased to 14% from the previous 25%.

Q: Can I just keep my tokens staked?
A: Absolutely, wizard! The staking program will continue, with 10% of Houdini Swap’s revenue allocated to staking rewards. You can also now compound your earned rewards for additional benefits.

Q: What if I’ve already started the unstaking process?

A: If you began the process more than 14 days before Feb 10th, you can claim your tokens + rewards immediately.

If you began the process less than 14 days before Feb 10th, your claiming date will be adjusted to fit the new 14-day notice period, starting from the day you began the process.

Q: How will the buyback and burn work?
A: 40% of revenue will be used to buy back $LOCK tokens on Solana. At the start of each week, bought-back tokens from the previous week will be bridged to LOCK/ETH and then burned on Ethereum. We will announce the number of tokens burned every Magic Monday and in our weekly/monthly swap reports.

Q: What happens to the 3.8M LOCK tokens in the “burn pending” wallet?
A: Stay tuned! Burning over $1.5M in tokens is a big deal, and we want to maximize the marketing impact.

Q: What’s the plan for the treasury?
A: 50% of revenue will fund our treasury for growth initiatives, including marketing, product development, and ecosystem expansion.

Q: Will the treasury wallet be public?
A: Yes, the treasury wallet will be public and transparent. The address will be published when the new program goes live.

Q: Can we suggest ways to spend funds from the marketing wallet?
A: We’re always open to ideas! Drop your best pitches in Telegram.

Q: What changes were made to $LOCK’s liquidity pool?
A: We’ve simplified the liquidity pool structure to align with proven models from top projects. This shift introduces more natural buying and selling opportunities, benefiting the project long-term.

Q: When did the liquidity changes take place?
A: The changes were implemented on February 7th for both ETH and SOL. It was not announced to avoid gaming the system.