Icp-20.com Defi Coin Review: It Is Safe Or Not? Read Our Full Review

About Icp-20.com

The Icp-20.com is staking bridge, built on EVM compatible blockchains, it allows users to earn staking rewards on NNS without locking ICP or maintaining complex staking process on Internet Computer. Users can bridge ICP through the Liquid ICP smart contract and receive ICP-20 tokens in return.

The smart contract then stakes the required portion of ICP coins in IC’s(Internet Computer) NNS(Network Nervous System) by creating a Stake Neuron with maximum available voting power. Users’ deposited funds are pooled and staked by the Liquid ICP DAO, moreover the DAO ensures reverse convertibility of ICP coins.

After bridging users can stake their ICP-20 tokens and receive liquid version of their assets, st-ICP(staked ICP) tokens. Unlike staked ICP, the staked ICP-20 token a.k.a st-ICP is free from the limitations associated with a lack of liquidity and can be transferred at any time. The st-ICP token balance corresponds to the amount of bridged ICP coins plus NNS rewards.

Icp-20.com Defi Coin Liquid ICP community has Fractional Reserve ledger of ICP coins on Internet Computer which is bought from the governance token sales and it will ensure limitless withdrawal of ICP coins from EVM compatible blockchain by locking/burning equivalent ICP-20 tokens in the smart contract.

9Icp-20.com Defi Coin Facts

Bridge & Stake your ICP coins

Liquid ICP is world’s first s-Bridge where bridged and staked assets remain liquid. Fractional reserve is governed by Liquid ICP community and ensures immediate withdrawal of ICP coins at any given time.

Bridge from Dfinity to EVM compatible blockchains

Participate in rich DeFi ecosystems

Get insurance on your ICP holdings

Lend, Borrow and earn 2x Rewards

ICP-20

1:1 bridged ICP token on erc-20 standard which can be traded or used in various DeFi projects as collateral, staked to earn LP rewards or staked for st-ICP (Liquid version of icp-20) which enables user to earn Neuron staking rewards.

st-ICP is a token that represents staked ICP-20 in Liquid ICP, combining the value of initial deposit + staking rewards. st-ICP tokens are minted upon deposit and burned when redeemed. ICP-20/st-ICP tokens’ ratio is updated weekly when the oracle reports staking reward amount. st-ICP tokens can be used as one would use ICP-20, allowing you to earn Neuron staking rewards whilst benefiting from yields across DeFi products.

st-ICP

st-ICP is a token that represents staked ICP-20 in Liquid ICP, combining the value of initial deposit + staking rewards. st-ICP tokens are minted upon deposit and burned when redeemed. ICP-20/st-ICP tokens’ ratio is updated weekly when the oracle reports staking reward amount. st-ICP tokens can be used as one would use ICP-20, allowing you to earn Neuron staking rewards whilst benefiting from yields across DeFi products.

LICP

Governance token of Liquid ICP ecosystem capped at 10,000,000 tokens. Holders can stake it for Liquidity pool rewards and can participate in insurance staking. Liquid ICP will make monthly LICP buybacks in USDC which is earned from compounded Neuron staking.

Liquid ICP DAO

LICP DAO is a Decentralized Autonomous Organization that manages the bridging and distributing rewards by deciding on key parameters (e.g., setting fees, assigning staking amount to NNS, etc.) through the voting power of governance token (LICP) holders.

Also, the DAO will accumulate rewards from staking and spend them on insurance, research, development, and contract upgrades.

LICP DAO is an Aragon organization. Since Aragon provides a full end-to-end framework to build DAOs, they use its standard tools. The smart contracts extend AragonApp base contract and can be managed by the DAO.

Tokenomics

Liquid ICP has three tokens:

1. 1.LICP — a governance token granting rights in the Liquid ICP DAO. LICP Logo:
2. 2. ICP-20 token — a bridged version of ICP. ICP-20 Logo:
3. 3.st-ICP token — staked ICP-20 token.st-ICP Logo