$MIN Staking
On the Staking Page $MIN holders have the Option to stake their $MIN in order to receive $ADA rewards generated from the Fee Switch. Every time someone swaps on Minswap, there is a 0.3% Fee, of which 0.05% is the Fee Switch. The $ADA generated through it is redirected towards $MIN Stakers. Every month $ADA rewards for the entire month are accumulated and then distributed the month after. This is similar to how $ADA rewards are distributed to LPs currently.
$MIN stakers essentially “soft-lock” their $MIN for a certain amount of time. It’s a “soft-lock” in that stakers may unlock their $MIN at any time, however doing so early means they forfeit their accrued rewards. Forfeited rewards from early unstaking are collected monthly and distributed to the $MIN stakers afterwards.
In the first iteration of $MIN Staking, the boosts will work the following way:
Staking $MIN for 1 month gives an unboosted $ADA APR
Staking $MIN for 3 months — gives a 3x boosted $ADA APR
Staking $MIN for 6 months — gives a 6x boosted $ADA APR
Staking $MIN for 9 months — gives a 9x boosted $ADA APR
Once the staking period is over, the $MIN is effectively unstaked, and you may claim rewards anytime. Remember to re-stake your $MIN if you want to continue getting real yield in $ADA!
$MIN Staking Rewards
In its current iteration, $MIN Stakers will purely have the following 2 benefits:
$ADA Real Yield coming directly from Trading Fees the platform generates.
Governance say as any $MIN Holder would have, with the same voting power.
$MIN Stakers currently do not have access to benefits such as reduced Batcher Fees.
Last updated