What is this?
This program is designed to reward stakers and holders with a portion of the Decentralized Perpetual Trading Protocol's revenue. Here's how it works:
- Daily Revenue Calculation: The daily revenue of the protocol is calculated daily at 23:59:59 UTC and is based on the formula: Protocol Revenue = Total Liquidated Margin - Total Closed Realized Profits.
- Pools Ratio: The revenue is distributed to stakers and holders across different pools, with the
following ratios:
- 10% goes to the Flexible pool
- 25% is allocated to the 30D Pool
- 35% is directed to the 90D Pool
- 30% will soon be available for POSI Holders.
- Staking: Connect your compatible wallet to the platform and choose the pool you wish to stake your funds in. The more you stake, the higher your rewards.
- Monitor Your Rewards: Keep track of your rewards in real time and harvest them at any time.
Staking Details
Our platform offers three different staking pools to cater to the diverse needs of our users. They are as follows:
- Flexible Pool: This pool allows users to withdraw and harvest their rewards at any time without any restrictions.
- 30D Pool: This pool requires users to lock their tokens for 30 days. During this period, you will be unable to withdraw their tokens but will still be able to receive the rewards, and harvest at any time.
- 90D Pool: This pool requires users to lock their tokens for 90 days. During this period, yo will be unable to withdraw their tokens but will still be able to receive the rewards, and harvest at any time.
Example: Suppose Boo wants to stake 1000 BUSD on the platform. After evaluating his investment goals, he decides to go with the 30D Pool, with the APR 900%. He locks in his 1000 tokens for 30 days and starts to receive rewards (24.5 BUSD) every day. After 30 days, he is now able to unstake his tokens and withdraw his rewards if he chooses to do so. However, if he chooses to keep his tokens staked, he will still be able to receive rewards even after the lock period is over.
Risks
By participating in the staking program, you will receive a portion of the protocol's revenue. However, it is important to understand that staking also involves certain risks.
Since the revenue is generated from the performance of the protocol, any losses suffered by the protocol will also be reflected in the staking rewards. This means that if the protocol experiences a downturn, your staking rewards could be negatively impacted.
Therefore, it is essential to carefully consider the risks and make an informed decision before participating in the staking program. As with any investment, there is no guarantee of profits and you could potentially lose some of your initial stake.
It is recommended to thoroughly research the protocol, its underlying assets, and the overall market conditions before making a decision to stake. It is also a good idea to regularly monitor your staking rewards and make adjustments as necessary to minimize your risk exposure.
The information presented here does not constitute investment advice and users should conduct their own research and seek independent advice if necessary.