Single side staking
The staking contract is a vital component of the $HAOG ecosystem, designed to incentivize long-term participation and token holding. It allows users to lock up (stake) their $HAOG tokens in a smart contract and in return, stakers earn rewards in the form of additional $HAOG tokens, with the reward structure potentially influenced by factors like staking duration, amount staked, and presale participation perks.
Staking Mechanism
Users deposit $HAOG tokens into the staking contract via a dApp interface.
Tokens are locked for a predefined period: 7 days, 14 days, or 30 days, during which they cannot be withdrawn or traded.
Rewards are distributed in $HAOG tokens at the end of the staking period for 7- and 14-day stakes, or monthly for 30-day stakes.
Users can stake any amount of $HAOG tokens at any time and create multiple staking positions.
The Revenue Dividend Reward Share is available exclusively to $HAOG staking participants who commit to a 30-day lock period, with transparent information provided via the dApp on reward amounts and injection schedules.
Unstaking / Claiming Rewards / Restaking
Users can unstake their $HAOG tokens anytime after the lockup period ends.
Upon unstaking, accumulated $HAOG rewards are calculated and transferred to the user’s wallet.
For 7- and 14-day stakes, rewards are fixed and distributed at the end of the lock period; no additional rewards accrue beyond this term.
Two reward types exist:
Token Staking Rewards: For 7- and 14-day stakes, claimable at the end of the lock period.
Fractional Ownership Share and Premium Rewards: For 30-day stakes, claimable manually every 30 days, with $USDC rewards available for auto-compounding.
Users can claim both reward types without unstaking their $HAOG tokens, using separate dApp functions.
The Auto-Compounding feature converts $USDC rewards into $HAOG tokens and restakes them automatically for 30-day stakers, adhering to the original 30-day lock period.
Users can manually restake their $HAOG rewards into new 7-, 14-, or 30-day positions.
Compounding Feature
Maximum compounding amount: Initially set at 500 $USDC.
Minimum compounding amount: 50 $USDC.
The maximum compounding limit can be updated via a governance mechanism, with changes announced through the dApp.
Compounding transactions incur no taxes or extra fees for $USDC conversions to $HAOG.
Minimum claimable $USDC reward amount: 50 $USDC.
Reward epochs: For 30-day stakes, $USDC rewards become claimable every 1,530 minutes (~25.5 hours); 7- and 14-day stakes receive rewards only at the end of the lock period.
Unclaimed $USDC rewards remain available for 7 days post-unstaking; after this grace period, they are forfeited.
Treatment of Newly Staked Tokens (via Compounding)
Newly compounded $HAOG tokens are added to the original 30-day stake and follow its existing lock period and unstaking rules.
Compounded tokens do not reset or extend the original stake’s duration, ensuring a seamless integration with the initial commitment.
Presale Integration:
Participants who purchased $HAOG tokens during the presale phase can stake their tokens at favorable rates or conditions post-TGE.
The staking dApp verifies eligibility by requiring users to connect the same wallet used during the presale, ensuring continuity and fairness.
Reward System:
Rewards are additional $HAOG tokens, sourced from a designated reward pool (possibly funded by token sales, ecosystem fees, or a reserved allocation from the total supply).
The reward rate may vary based on staking tier, duration, or presale status.
Staking Options:
Users select a staking tier or duration via the dApp. For presale participants, additional incentives might apply, such as:
Bonus Reward Rate: Higher APY (Annual Percentage Yield) for presale stakers (e.g., 20% vs. 10% for non-presale stakers).
Early Unlock: Ability to stake with shorter lockup periods or a bonus for longer commitments.
Example Tiers:
3 Months: 10% APY (base rate) + 5% presale bonus = 15% APY.
6 Months: 15% APY + 5% presale bonus = 20% APY.
12 Months: 20% APY + 5% presale bonus = 25% APY.
This staking contract creates a robust incentive structure, rewarding presale participants with $HAOG tokens while enhancing their ability to profit from the tokenized classic car ecosystem. It’s a win-win: stakers grow their $HAOG holdings, and the ecosystem benefits from increased engagement and token stability.
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