Rules explained05 / 10
Power and the LSP
In 30 seconds
- Whitepaper plan, not live yet: Power is a production right priced in DAI
- Power is not a token and does not guarantee a fixed output
- The LSP only paces how fast emission reaches the market; it is not a lock
What Power is
In classic liquidity mining you deposit assets and receive token rewards straight away. HELIX adds a layer in between: an effective contribution to the protocol first earns you Power (a production right), and only Power qualifies for AiLGNS emission. Whitepaper p. 61
Contribution → Power → Emission
The official dApp's English interface calls it "Hashrate"; the whitepaper says "Power". They are the same thing, and the Chinese term for both is 算力.
Power is counted in DAI
Whether you contribute LGNS, GLGNS, A, DAI, USDT, USDC, ETH, BNB, LP tokens or another asset the protocol accepts, it is first converted to a DAI value, and that DAI value becomes your Power. Whitepaper p. 61
Power(DAI) = Recognized Contribution(DAI)
For example, a contribution the protocol values at 10,000 DAI gives 10,000 DAI of Power. Whitepaper p. 61
The whitepaper names two ways to earn it: Whitepaper p. 62
- LP Power: contribute an accepted LP position. The LP becomes protocol-owned liquidity (POL) and you receive the matching Power.
- LGNS Burn Power: burn LGNS through an accepted burn mechanism. The DAI value of what was burned becomes the basis of your Power.
Governance can add more paths later, but every path has to follow the same rule: recognized contribution, then DAI value, then Power. Whitepaper p. 62
What Power is not
- Not a token. Power is not AiLGNS and cannot be traded freely. Holding Power means you qualify to take part in production, not that you receive AiLGNS immediately. Whitepaper p. 63
- Not a fixed debt. 100,000 DAI of Power does not mean the protocol owes you a fixed number of AiLGNS. What it actually produces is calculated inside the Community emission rules. Whitepaper p. 65
- Not permanent. Every unit of Power has a lifecycle and ends when that lifecycle is complete. Whitepaper p. 64
Power ≠ Guaranteed Token Quantity
Daily settlement
You can earn Power at any time, but emission is not produced in real time. All Power enters a single daily settlement at 00:00 Singapore time (SGT, UTC+8). That is 12:00 EDT or 11:00 EST in New York, and 17:00 BST or 16:00 GMT in London, on the previous day. Whitepaper p. 63
Power Created(t) ≠ Immediate Emission(t)
00:00 SGT is the only settlement reference; the other time zones are shown for convenience. Whitepaper p. 64
Lifecycle
Each unit of Power moves through three states: new, active, completed. Only active Power inside its valid lifecycle counts toward each period's emission, not all the Power ever created. Whitepaper p. 64
New Power → Active Power → Completed Power
When the production period for that Power ends, or its production quota is used up, its lifecycle ends and it produces no further emission. Whitepaper p. 64
The whitepaper gives no specific lifecycle length and no formula for the production quota. The actual values are whatever the contracts and official announcements specify.
Power competes with other Power
Community emission has a fixed cap per epoch. More active Power means more participants sharing the same limited budget; total emission does not grow with it. Whitepaper p. 74
More Power → More Competition
Each day's Community emission is split 50% to personal Power and 50% to community Power, and each half is shared out by effective weight. Whitepaper p. 74 The caps and gates are explained in Emission and Epochs.
After emission: split first, then activate
AiLGNS produced by Power passes through two mechanisms before it reaches the market:
LSP split
The LSP (Liquidity Split Protocol) first estimates how much the market can absorb naturally and moves part of the emission into the LSP Vault, to be sold later in batches. Whitepaper p. 84
Turbine activation
The rest goes through the Turbine. Each emitted token is activated by a real market buy of one AiLGNS at the market price, plus a 2.5% activation fee. The emitted tokens are activated immediately; the tokens bought are locked for 24 hours. Whitepaper p. 77 Turbine details are in Five Pools and the Turbine.
The LSP controls speed, not ownership
The LSP is not a lock. It does not change what you are entitled to; it only controls how fast, and through which pools, those AiLGNS enter the market. Whitepaper p. 82
Market Capacity ↓ → LSP Intervention ↑
In whitepaper V1.0 the LSP applies only to static emission from Power. DAO Incentive, Gauge emission and other dynamic rewards are initially excluded. Whitepaper p. 82
The split table
The split ratio mainly depends on the market's natural-release ratio r: the more the market can absorb on its own, the less the LSP steps in. Whitepaper p. 83
| Natural-release ratio r | LSP split |
|---|---|
| r < 10% | 50% |
| 10% ≤ r < 20% | 40% |
| 20% ≤ r < 30% | 30% |
| 30% ≤ r < 40% | 20% |
| 40% ≤ r ≤ 50% | 10% |
| r > 50% | 0% |
Source: Whitepaper p. 83
These are reference bands. The protocol also looks at liquidity, volume, volatility and risk, sets the ratio once per daily settlement cycle, and keeps it fixed for that day. Whitepaper p. 83 The whitepaper does not define exactly how r is measured.
LSP = f(NaturalRelease, Liquidity, Volume, Volatility, Risk)
How the LSP sells
The part placed in the LSP Vault is recorded as your internal settlement entitlement; it is not freely transferable AiLGNS. Whitepaper p. 84 The protocol collects each day's orders into one settlement batch and executes it with: Whitepaper p. 84
- TWAP: spreading the sale over time;
- small batches: splitting orders according to live depth;
- depth control: never selling more than the market can carry;
- five-pool routing: spreading sales across the five official pools by liquidity and depth;
- slippage control: reducing, pausing or delaying execution when slippage exceeds the safe range.
The standard execution window is 24 hours and can stretch to 48 hours when conditions are weak; anything still unfilled rolls into the next batch. Whitepaper p. 85
The LSP part does not require a matching 1:1 buy, but it still pays the 2.5% activation fee and the 3% AiLGNS sell fee, and it is settled to the user in DAI. Whitepaper p. 86
100% − 2.5% − 3% = 94.5%
94.5% is the theoretical net before slippage and execution costs. If the two fees use different bases or are deducted in sequence, the contract's actual order and base apply; any price-protection surcharge, slippage and execution costs come on top. Whitepaper p. 86
The LSP is also a sensor
If LSP inventory keeps rising and settlement keeps taking longer, market capacity is falling. The protocol should then tighten actual Community emission. Whitepaper p. 87
LSP Pressure ↑ → Community Actual Emission ↓