SCULPT Price
Contracts/Explorers:
Sculptor is a decentralized lending protocol based on the success of Aave, combined with the fee-share model tokenomics of modern platforms. Depositors add liquidity to the market to earn, and borrow to sculpt their perfect portfolio. Unlike many platforms, Sculptor has no protocol treasury. This means that the revenue generated through the platform can be distributed right back to the participants. 60% of the revenue generated through borrowing is sent to users staking SCULPT Tokens in the platform. Whether you lend or borrow, you receive SCULPT tokens for platform use.
SCULPT Rewards are vested for 3 months, but may be claimed immediately for a 50% penalty. This penalty is then distributed to users who choose to lock SCULPT for an additional 3 months. This mechanism ensures extra rewards for those who actively participate and commit to the protocol by further locking their tokens. SCULPT stakers receive fees from protocol revenue, while SCULPT lockers receive protocol fees as well as the 50% penalties from users who exit their vests before 3 months.
Sculptor's current price is $ 0.000283, it has increased +2.47% over the past 24 hours.
Sculptor's All Time High (ATH) of $ 0.242 was reached on 4 Nov 2022, and is currently -99.9% down.
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