🥩Staking Rewards
Lock in your $HOLY to earn more $HOLY. The higher your staking amount, the longer you stake the more you get. Start today with $HOLY staking.
Last updated
Lock in your $HOLY to earn more $HOLY. The higher your staking amount, the longer you stake the more you get. Start today with $HOLY staking.
Last updated
The staking contract will own a total of 25’000’000 $HOLY dedicated and usable only for staking rewards, as defined in the Tokenomics of the project.
For the $HOLY staking we defined two bonuses which support the fairly distribution to all users of the NFT Marketplace. The Bonuses aiming to reward users more if they participate more
If you Stake more = there is a “Bigger Bonus”
if you Stake longer = there is a “Longer Bonus”
The main difference between these two staking bonuses is that the Bigger Bonus rewards allows the users to get more rewards if they stake higher amounts of tokens - While for the Longer Bonus, users are able to earn more rewards by subscribing for longer staking periods.
The user earns more staking rewards if he stake higher amounts of $HOLY tokens. The maximum reward possible will be 15% for staking of 40’000 or more $HOLY tokens. There will be a "cap" on 40'000 $HOLY / 15,00% for bigger bonus calculation.
There is a staking cap for the Big bonus, the cap is fixed on 40’000 $HOLY. This means that the user are eligible to earn rewards for max 40'000 $HOLY he staked, even user stakes more $HOLYs which is possible, the calculation for rewards will be based on the max amount of 40'000 $HOLY. Users are allowed to to stake multiple times, if they want.
If user created multiple stakings on $HOLY grail, with different amounts/periods of $HOLY then this will be handled as one total staking amount to get eligible for “Bigger Bonus” Example, multiple stakings same user * User = wallet address
| Staking No. | Staking start Date | Staking amount $HOLY | explanation |
|---|---|---|---|
Staking 1 | 22/12/2022 | 22'000 | |
Staking 2 | 27/12/2022 | 3000 | |
Staking 3 | 01/01/2023 | 15'000 | |
Total User Staking Amount | 40'000 | User will earn max ammount of 15% rewards pa. |
Users who stake for a longer time will earn with more rewards, a max 300 % for 1500 days.
For “Longer Bonus” we decided that the user gets up to 300% if he stakes for the maximum of 1500 days. It would make 300% / (1500 / 365 days) = 73% APR The maximum payable “Longer Bonus” a user can get are 73% + 15% = 88% APR Formula is: Long Bonus Reward r per day d = r(d) = A + B*d Long Bonus total reward R after D days = R(D) {return AD + (B * D(D+1)/2)}
Maximum staking amount per user/address is unlimited $HOLY tokens but the the maximum amount on $HOLY a user can earn rewards are capped to 40’000 $HOLY tokens.
Minimum staking amount per user/address is 5 $HOLY token.
Minimum Staking period is 30 days.
Maximum Staking period is 1500 days.
User is unable to un-stake before his selected staking period ends.
User/address are allowed to do multiple stakings.
Multiple stakings where added up, for calculating the “Bigger Bonus”
