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Articlemedium.comAquarius3y ago

ICE. The next stage of Aquarius

Aquarius announces ICE tokens, a new mechanism for AQUA holders on Stellar to freeze their tokens and receive boosted liquidity rewards and enhanced voting power. By locking AQUA via the locker tool, users gain four non-transferable ICE tokens (ICE, upvoteICE, downvoteICE, governICE) that increase yields on SDEX/AMM and enable simultaneous use in liquidity and governance voting. ICE tokens melt linearly over the lock period, up to three years, with voting power scaling up to 10x.

DeFiToken ManagementGovernance
Lumen Loop's take

Aquarius, a Stellar-based liquidity rewards protocol, introduces ICE tokens to overcome AQUA's limitations in simultaneous liquidity and governance participation. Users freeze AQUA through the locker tool to mint four non-transferable Stellar tokens: ICE for reward boosts, upvoteICE/downvoteICE for liquidity voting on vote.aqua.network, and governICE for governance on gov.aqua.network. Freezing provides immediate 10x voting power boosts for max 3-year locks and higher yields on reward zone markets without depending on liquid AQUA balance. Tokens melt daily via clawback as unlock approaches, ensuring alignment with lock duration. Previously locked AQUA holders can claim ICE retroactively. Launch planned for July 2022, ahead of Stellar's smart contracts. Aquarius aims to enhance Stellar liquidity through these innovations.

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