Staking Points
Staking Points as a way to reward you for contributing to the Polynomial Chain. The more you participate by staking your assets, the more points you'll earn.
Earning Points:
You automatically earn Staking Points every hour.
The amount you earn depends on:
How much you stake (the bigger the stake, more points)
How long you've been staking (the longer you stake, more points)
How early you start staking (higher points boost for early believers)
A Fair Reward System:
The Staking Points program is designed to be fair and rewarding for everyone. Here's what it aims to achieve:
Reward valuable contributions: Users who help the network grow organically will be rewarded the most. This discourages pointless "farming" of points.
Balance contribution size: Both large and small stakers are rewarded. While bigger stakes earn more, consistent participation from smaller stakers is also valued.
Encourage long-term commitment: The program rewards users who stake for longer periods.
Adaptable incentives: The program can adjust rewards to incentivize participation during crucial network growth phases.
Adaptable incentives: The program can adjust rewards to incentivize participation during crucial network growth phases.
The Staking Points program uses Two main tools to achieve its goals:
Score
The score is the core of the Staking Points system. It increases by the amount of deposited collateral every hour. The longer you stake, the more score you will accumulate.
For example, if Alice stakes 1000 USDC into Polynomial, she will earn 1 score per hour.
Boost
Boost refers to a multiplier that increases the Staking Points you earn, serving as a bonus for staking over a longer period. There are two types of Boosts that you can earn
Early Staker Boost: This boost is specifically for users who deposit into the Polynomial staking pool during the 14-day Liquidity Generation Window. It starts at 1.5x on the first day the pool opens for deposits and gradually decreases to 1x by the end of the 14-day period. The earlier you deposit, the higher the boost you receive.
Season boost: This boost activates after the 14-day ILE period ends and trading begins on Polynomial Trade. Stakers receive a 0.5x boost that increases linearly over the course of a month.
The maximum boost is capped at 2x. Withdrawal will reflect losing your earned boost. but you will get the scores you accumulated.
For example, Alice deposited 1000 USDC within the first few minutes of the deposit window opening and received a 1.5x early staker boost. Once trading begins, Alice will start receiving a Trading Season Boost, which will increase linearly over time. After Alice has staked for one month, the boost will reach 2x.
Therefore, her Polynomial Points will be calculated as score * 2 (boost)
Withdrawal
Withdrawing from the Polynomial Pool during the 14-day ILE period will result in losing your boost, which will be reset to 1x. Your score accumulated up to the point of withdrawal will remain, but you will forfeit the boost.
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