Diving Deep into PoseiSwap’s Staking System
PoseiSwap features a unique set of staking rules that maximize community member rewards and the DEX’s sustainability.
PoseiSwap is taking a new approach to DEXs: increasing through-put, building on a modular chain, and focusing in the future on real-world assets to merge Web3 and Web2. It’s not surprising, then, that our approach is a little different when it comes to staking.
Executive Summary
Like other DEXs, anyone can earn tokens by supplying liquidity. On PoseiSwap, 45% of the total token supply is allocated to staking rewards, our Genesis NFT mining event, and LP rewards, demonstrating our dedication to rewarding our community. On top of that, community members can earn referral bonuses, get boosted rewards through POSE Shares, and increase returns through Zebec validators.
The first exciting event set live is “POSE Light Mining”, Once the mining program begins, users will be able to stake $POSE and earn rewards with an accumulating post a 24-hour grace period.
These rewards are designed to be disbursed daily, with a 1% increase in mining capacity, which is the weighted mining capabilities according to the amount of $POSE stakes * daily mining capacity (1% increase each day) maxed mining capacity capped at 130%. (e.g. Alice staked 1000 $POSE into the staking reward pool on day 1 with a 100% mining capacity, if she continues to stake on Day N+2, then Alice will be receiving 100% +1% mining capacity on Day 2).
Additionally, we will launch our Syrup Pool mechanism to provide bonus airdrop rewards to further enhance user interactions. Below is a more detailed breakdown of how staking works on PoseiSwap.
Basic Staking Rules on PoseiSwap
Allocating a substantial 45% of the total token supply towards staking rewards, Genesis NFT mining, and Liquidity Provider (LP) rewards, PoseiSwap presents a highly competitive Annual Percentage Rate (APR). We are excited to announce we will be putting up “POSE Light Mining”, with an APR as high as 100%. This event is to welcome new ecosystem communities, partners and to show our gratitude for consistent support from our existing communities we’ve been receiving since the get-go.
The APR is captured by “mining capacity”, users will receive 100% mining capacity when one stakes in the system. The “mining capacity coefficient” will determine the additional amount of mining capacity one can receive with this mechanism.
PoseiSwap’s Referral Program 💪💪
Community members must stake a minimum of 1000 $POSE tokens will not only be able to govern the system, and earn additional bonus $POSE tokens from the referred as well (community holders who stake over 1000 $POSE tokens will earn 50% on primary and secondary referrals).
The Trident Program
There is a special reward tier for our top referrers: the Trident Program. Those who stake at least 5,000 $POSE and have also effectively referred over 50,000 $POSE will be eligible for a Trident Node. The top 21 Trident holders (by the amount of $POSE themselves and their referees have staked) will earn weekly rewards from a 500,000 bonus POSE pool, distributed weekly in proportion to their contribution.
Staking Rules Summary
In short, here’s a direct summary of staking on PoseiSwap:
- 45% of the total token supply is allocated to staking rewards, our Genesis NFT mining event, and LP rewards
- Poseiswap will launch a competitive event called “lighting mining” with a starting APR ranging from 40% to 100%
- Mining coefficient increase for stakers by 1% a day up to a predetermined maximum amount.
- Following the initial 24-hour grace period, returns are distributed daily, accompanied by an unstaking period of approximately 24 hours.
- Users who stake 1,000 $POSE will be eligible for governance rights and qualify for a referral program.
- Within the referral program, community members are set to receive a sum equivalent to 50% of the rewards earned by their primary and secondary referees.
- Top performing referrers will become a Trident Node, granting these users an exclusive access to 500,000 $POSE reward pool.
- The top 21 Trident holders will be paid out proportionally on a weekly basis within certain maximums.
- Stakers will additionally benefit from airdrops provided through the Syrup Pool program.
About PoseiSwap
PoseiSwap is dedicated to bringing decentralized finance to the real world. By building on Nautilus Chain, PoseiSwap offers users a high throughput DEX with low fees and lower slippage. Beyond that, PoseiSwap will also use Nautilus zk-tech in the future to give users privacy and make Posei suitable for tokenized real-world items and assets.
Learn more about PoseiSwap and join the conversation online!
