Staking Multipliers
Last updated
Last updated
Eclipse Pad introduces a time-locked staking system with multipliers. Users staking the ECLIP token have the chance to earn a multiplier on both their Cosmic Essense and their share of the Eclipse staking rewards. These staking multipliers are earned by staking and locking up ECLIP tokens for a longer duration. The longer the lock, the higher the multipliers.
This staking period for ECLIP tokens ranges in monthly increments from 1 to 24 months. The minimum available timeframe for staking is 1 month to prevent the gaming of IDOs and the maximum period is 24 months.
Base multipliers range from 1x to 3x, with a 1-month staking period being equal to a 1x multiplier and 24 months equal to a 3x multiplier.
In addition, users are also able to choose their weighting between earning more Cosmic Essence or higher staking rewards. Users are given a choice between three options: More IDOs When the "More IDOs" option is selected, the user opts to receive a lower multiplier for staking rewards, but a higher multiplier for Cosmic Essence. This weighting is set at 80:20. The multiplier shifts from the default 1x-3x for Cosmic Essence and 1x-3x for Staking rewards to 1.6x-4.8x for Cosmic Essence and 0.4x-1.2x for staking rewards. Neutral
Neutral is the default option, this is set to 50:50, where the user receives an equal multiplier for both Cosmic Essence and staking rewards. This multiplier range is 1x-3x for both Cosmic Essence and staking rewards and is ideal for users who want exposure to both. More Staking Rewards
When the "More Yield" option is selected, the user opts to receive a lower multiplier of Cosmic Essence, but a higher multiplier and exposure to staking rewards. This weighting is set at 80:20. The multiplier shifts from the default 1x-3x for Cosmic Essence and 1x-3x for Staking rewards to 1.6x-4.8x for staking rewards and 0.4x-1.2x for Cosmic Essence.