🪢Relationship with LOOP
LCASH’s linkage to LOOP is hardwired on three lines:
Demand line. Points required for mint/redeem are created only via LOOP → Points conversion.
Fiscal line.Points fees and LOOP “slippage tax” accrue to Treasury/Tax Pool for peg defense and buybacks.
Governance line.veLOOP leads parameter guardrails and budget use.
These links make LCASH an indirect amplifier of LOOP’s value-return loop:more LCASH usage → more Points demand; in normal regimes, higher income supplies buyback firepower; in stress regimes, fiscal priority preserves the peg and institutional order, after which the system returns to the routine buyback cadence.
Last updated