General information
Clotba staking pool
Last updated
Clotba staking pool
Last updated
Staking is the second lottery access mechanism of the protocol. It is intended to be the second mechanism of pool prize accumulation with a transparent distribution system in place.
Contract:
1.1. Pool revenues
a. Clotba traditional lottery,( staking contract is the runner up of the traditional Clotba lottery)
b. Staked Clotba rewards
c. Transfers derived from the Millimac cycles
1.2. Staking period
a. Epochs have a fixed minimum period of 8 days
b. Max of 30 days (keep the stake and reap the rewards)
Staking can not exceed 30 days, to continue staking after thirty days, funds need to be unstaked and re-staked.
Staking pool rewards calculation:
Rewards will be distributed in two ways;
a. Lottery
· Distributed weekly in lottery form to one lucky winner if the pool holds ≤ 40 BNB with an additional winner for each 40 BNB accumulated in the pool.
· 75% of every BNB that enters the staking pool will be added to the staking lottery pool.
b. Rewards
· There will be hourly distribution in accordance with the staked amount,
· 25% of every BNB that enters the staking pool will be added to the staking rewards pool.
Important reminder
The 6% fee continues to be applied both when staking and unstaking.