Boost Your Pool Rewards up to x5
Boosting is a mechanism that allows increasing the rewards for staking pool’s LP tokens. Stakers of a pool’s LP token can boost their tAPY rewards of the corresponding pool by voting for it with gWX on the WX Emission Distribution Voting.
The boosting is automatically activated immediately after the calculation of the results of the current WX Emission Distribution Voting.
During the proposal #1 voting, the following was agreed:
1. To tie the boosting coefficient to a user’s share of gWX used in voting for WX emission distribution.
2. To raise the maximum value of the boosting coefficient from 3 to 5 to increase gWX holders’ income.
With this release we are updating the following:
The amount of gWX for maximum boosting depends on the share of the staked LP token and on gWX share in a pool among stakers of LP token of this particular pool. The more the share of staked LP token is, the more gWX is needed for boost. The more gWX is given for a particular pool, the more gWX has to be given for WX emission voting into that pool to get maximum boosting.
The maximum possible value of the boosting coefficient is 5.00.
The following formulas will be applied for counting boosting rewards per block:
Maximum pool reward per block
maxPoolReward = releaseRate * poolWeight
Minimum reward for staking without a boost
minReward = releaseRateBase * poolWeight
Maximum boosting reward
poolRateBoost = releaseRateBoost * poolWeight
User share in the pool
userLpPart = userStakedLP / poolTotalStake
User’s gWX share in the voting
userGwxPart = userPoolGWX / poolStakeGwx
Minimum user’s reward for staking LP
userStakeReward = minReward * userLpPart
User’s boosting reward
userBoostReward = min(poolRateBoost * userGwxPart, (powerBoosting — 1) * userStakeReward)
User’s boosting in the pool
userPoolBoost = userRateBoost / userStakeRaward
User’s total rewards
userReward = userBoostReword + userStakeReward
User’s maximum rewards with boosting
userMaxReward = userStakeReword * powerBoosting
User’s current boosting
userBoost = userPoolBoost + 1
The amount of gWX needed for user for max boost
minGwxForMaxBoost = userLpPart * poolStakeGwx
where,
releaseRate — current emission (38 WX)
powerBoosting — boosting coefficient (5)
releaseRateBase = releaseRate/powerBoosting
releaseRateBoost = releaseRate*(powerBoosting-1)/powerBoosting
poolWeight — pool’s weight from voting
poolTotalStake — total amount of staked LP tokens
poolStakeGwx — total amount of votes for the pool
userStakedLp — Total amount of user’s staked LP tokens
userPoolGwx — total amount of user’s votes for the pool
Vote with received gWX for WX emission into a pool to enjoy increased rewards for staking LP tokens in Liquidity Pools!
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