# ADOL

ADOL is a core liquidity contribution NFT within the Aqua ecosystem. Participation funds raised through the launchpad are immediately supplied as liquidity to the ecosystem's decentralized exchange (DEX). Moving beyond a simple collectible asset, it serves as a practical value asset that offers protocol rewards and swap fee discount benefits.

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### 1. Role of sADOL and Asset Management

* Liquidity Proof Token: sADOL is a liquidity proof asset obtained by supplying an ADOL NFT into the smart contract. The conversion ratio is strictly fixed at a 1:1 ratio.
* Flexible Position Management: It effectively overcomes the typical liquidity limitations inherent in non-fungible token characteristics, allowing users to freely swap their positions at any time or utilize them in additional liquidity provision positions to maximize ecosystem rewards.

### 2. Token Information & Issuance Status

* Launchpad Status: Completed / In Progress
* Total Supply: 43,322 units
* Ecosystem Operation Allocation: 7,000 units (Reserved for flexible liquidity provision)

### 3. Core Utilities & Rewards

* Swap Fee Discount (Up to 5%): Wallets holding an ADOL NFT receive a 5% discount on protocol fees during smart swaps within the Aqua ecosystem. (Applies to only 1 asset per unique wallet address; benefits do not stack with multiple holdings).
* SHELL Reward Distribution: Approximately 11.5% of the daily total issuance of SHELL (280,000 SHELL) is allocated to ADOL suppliers.
* Protocol Fee Distribution: Fees generated during the mutual conversion between ADOL and sADOL are distributed back to ADOL holders. (Conversion Fee: 4 USDt).

### 4. Value Capture & Deflationary Structure

* Treasury Utilization: A portion of the fee rewards generated from the ADOL Treasury is utilized to continuously recover sADOL from the market. Concurrently, liquidity provision paired with major assets is executed to ensure rich and robust market liquidity.

### 5. Differentiators of ADOL Ecosystem Contribution

* Users can directly participate in the growth of the Aqua ecosystem simply by holding and supplying the asset, without needing to navigate complex on-chain interactions.
* It offers a highly flexible asset management structure through seamless 1:1 sADOL conversion.

### 6. Core Summary Table

| **Category**        | **Description**                                                                 |
| ------------------- | ------------------------------------------------------------------------------- |
| Core Role           | Ecosystem liquidity provision contribution and verification                     |
| Core Benefit        | Up to 5% discount on smart swap fees (Applied per unique wallet address)        |
| Reward Distribution | Approx. 11.5% of daily SHELL issuance, and USDt (From conversion fee rewards)   |
| Value Strategy      | Continuous sADOL market recovery and strategic Treasury liquidity reinforcement |
| Policy Management   | Exclusively determined through DAO governance voting by BWPM holders            |

> 🚨 DAO Governance and Policy Update Notice
>
> The swap fee discount rates, SHELL distribution figures, conversion fee ratios, and market recovery mechanisms specified in this document are not static. To adapt to the growth of the Aqua ecosystem and changing global market environments, these policies can be flexibly updated and modified exclusively through the DAO governance voting of 'BWPM' holders, the top-tier membership NFT.


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