✨STARS Staking
Giving the flexibility for Staking
In this staking event, 4 separate pools are opened. Users are rewarded with a higher return on their tokens (higher APR) for those looking to stake longer term.
For users that are looking for something a bit shorter term, the VIP and Backstage Pools will still allow them to earn STARS.
| Pool | STARS | Duration | Min. Lockup |
|---|---|---|---|
A-List Pool | 6,000,000 | 12 months | 3 months |
Oscar's Pool | 4,000,000 | 9 months | 3 months |
Backstage Pool | 3,000,000 | 6 months | 2 months |
VIP Pool | 1,000,000 | 3 months | 1 months |
Staking Contract
The exact staking contract can be found HERE.
The contract for this staking event uses a fixed time for the start and end of the pool. This in conjunction with a pre-set allocated STARS per pool determines the number of tokens that users can earn.
Users can stake and unstake their tokens at any time but must meet the minimum lockup period to be able to harvest their reward tokens. The Mogul staking also features a STARS/LP staking pool, utilizing Pancake swap.
APR is an estimate of yearly returns with what you staked (E.g 100,000 STARS => ~ 124,620 STARS)
Users who claim their rewards periodically and restake the rewards they earn. Users will be able to earn rewards closer to the APY. Rewards and staking can be seen easily through the user dashboard
APR calculation:
starsPerBlock * blocks per day/total stars in the pool * 365
Example: 6 Month Backstage Pool - 3,000,000 STARS
Estimated % of STARS participating in staking: 45%
Assume blocks per day =~ 28660 blocks
Assume 1 month =~ 30.5 days 6 month =~ 30.5628660 blocks = 5,244,780 blocks 3,000,000 STARS
stars per block =~ 3,000,000 STARS / 5,244,780 blocks = 0.5719973 stars/block stars per day =~ 28660 blocks/day * 0.5719973 stars/block = 16,393.442618 stars/day daily =~ 16,393.442618 stars/day / 24,300,000 stars = 0.000674 APR =~ [daily] * 365 = 0.246 * 100% = 24.62% APY =~ ((1 + [daily]) ^ 365) - 1 = 0.279*100% = 27.90%
Expected APR: 24.62%
Expected APY: 27.90%
Example: 9 Month Backstage Pool - 4,000,000 STARS
calculation values are taken from coingecko
9 month =~ 30.5928660 blocks = 7,867,170 blocks Assume 1 month =~ 30.5 days
APR = DAILY * 365
NUMBER_OF_BLOCKS_PER_DAY = 28660
STARS_USD_VALUE = 0.023 BNB_USD_VALUE = 268.23
LP_BALANCE_OF_STARS = 5,145,892.881362252017662386
LP_BALANCE_OF_BNB = 444.436831033757136625
4,000,000 STARS
stars per block = 4,000,000 STARS / 7,867,170 blocks = 0.50844204 stars/block
LP_RESERVE_USD_VALUE = LP_BALANCE_OF_STARS * STARS_USD_VALUE + LP_BALANCE_OF_BNB * BNB_USD_VALUE
= 118355.536271 + 119211.291188 = 237566.827459 USD starsUSDPerDay = NUMBER_OF_BLOCKS_PER_DAY * starsPerBlock * STARS_USD_VALUE = 335.1548239272 lpUSD = pool.totalDepositedLP * (LP_RESERVE_USD_VALUE / 36347.534330478942804744) = 6.535981926559189
DAILY = starsUSDPerDay / lpUSD DAILY =~ 0.0141078124211194
APR =~ 0.0141078124211194 * 365 = 5.149351533708566 * 100% = 514.93%
Note these are calculations given set assumptions. Actual APR like any staking pool will be influenced by the total number of people and STARS staked.
The contract also features a number of functions that provide some additional functionality including:
Option for owners to add more tokens to the prize pool
Allows users to harvest and withdraw their staked tokens all at once
Allows users to stake additional tokens
Provides the user a view of how many rewards they have earned so far
The contract also allows Mogul to add more STARS to each pool, increasing the rewards.
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