The contract does not allow anyone to withdraw staking deposits except the staker who deposited tokens to the contract.
*The multiplier refers to the amount of SOY tokens the staking pool receives per block.
**As we anticipate deploying Soy V2 staking, we have established a staking end date of October 2, 2022, at 00:00 GMT.
Therefore, the smart contract will reject any attempt to launch staking ending after that time.
Soy Staking Rules
CLO coins are required to pay the transaction fees.
Stakers only earn interest for completed rounds and the period initially set.
Staking reward is calculated only for the completed round interval. If a staker withdraws its staking deposit after 30 days, he will receive a reward only for 27 days (a round).
Adding funds to an active stake will reset the rewards. It is therefore recommended to add funds at the beginning of a round.
Soy Staking Multiplier
Soy staking takes advantage of the ”multiplier” concept to maximize the long-term investor's reward.
The multiplier is proportional to the number of rounds set by the staker. The more rounds, the greater the "multiplier" and the greater the reward.
The minimum value of the “multiplier” is set to “0.5” for 27 days (a round).
The user can increase the multiplier by selecting more rounds (“0.1” per additional round).
The maximum value of the multiplier can’t exceed “1”.
The value range of the “multiplier” is between “ 0.5 and 1 ”.
Below is a table showing multiplier value according to the number of rounds set by the staker.
Soy Staking Formula
The following formula determines the staking reward:
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StakerWeight – the weight of staker’s deposit;
StakerDeposit – the amount of staker’s deposit;
StakingPeriod – time interval while deposit is frozen on staking;
TotalStakingWeight – the sum of all stakers weight;
StakingRewardPool – available amount for rewards payment;
BaseStakerReward – the base amount of reward that the staker may receive. StakerMultiplier – in the range [0.45 – 1], depends on the number of rounds that CLO was staked at the beginning.
StakerReward – the reward that the staker will receive.
About Cold Staking Protocol
Soy Staking is based on Cold Staking, a protocol developed by Callisto Network and launched in 2018. At the time of writing, as much as 50% of CLO's supply is frozen in Cold Staking, which shows how profitable and safe it is.
A detailed description of CLO Cold Staking is available here.