Bunni

BUNNI serves as the governance token within the Bunni ecosystem. Holders can lock their BUNNI tokens for up to one year to receive voting power, influencing protocol decisions and future developments. The voting power is proportional to the amount of BUNNI tokens locked and the duration of the lock.

Additionally, Bunni employs a unique incentive mechanism using call options tokens (oLIT) as rewards for liquidity providers. This approach aims to align the interests of LPs and token holders, promoting long-term participation and reducing the likelihood of immediate token sell-offs.

Migration Bonus and Incentives

• Bonus System: Migration bonuses were distributed based on the remaining lock time of veLIT tokens, with longer commitments receiving higher rewards (e.g., a 3-year remaining lock earned a 75% bonus).
• Liquidity Incentives: An increase in veBUNNI allocations was introduced to encourage LIQ holders to migrate to the new ecosystem.
• Fee Distribution Adjustment: The new fee structure gradually shifted from a higher referral incentive model to a balanced distribution benefiting veBUNNI holders and the treasury.

Technical Implementation

• New Staking Mechanisms: A transferless staking contract was introduced for improved gas efficiency and permissionless liquidity mining incentives.
• Epoch-Based Emissions: The new emissions structure operates in 3-month epochs, with an initial allocation of 25 million BUNNI for the first epoch.
• Alignment with Uniswap v4: The migration strategically positioned Bunni v2 to take advantage of Uniswap v4’s launch, ensuring competitive liquidity incentives.

How to Migrate LIT to BUNNI

1. Open the Bunni app and connect your wallet.
2. Navigate to the Swap UI on Ethereum Mainnet.
3. Swap LIT for BUNNI at a 1:1 ratio with no slippage.
4. If moving BUNNI to Arbitrum or Base, follow additional bridging instructions provided in the Bunni app.