Penalty
Baked MONSTA (bMONSTA) has an early unbake tax of 40%.
70% of that 40% will be burnt and 30% sold to add to the reserves in the Gravity Vault.
Total Tax : 40%
By baking your MONSTA in the bMONSTA pool, you are showing your commitment to the protocol’s cycle end and ultimately, THE VAULT.
Breaking your commitment to the protocol carries this tax and farming of impatience takes place.
Although the final value of the vault is unknown, locking in that commitment early (with less known information) gets rewarded much more than locking it in later (with more known information about THE VAULT size) via the APY boost variable.
Baked Monsta
- Baked till cycle end
- 0% deposit tax
- 1 MONSTA mints 1 bMONSTA. User receives bMONSTA in return for a MONSTA deposit.
- bMONSTA future rewards formula Share of total pool (bMONSTA+ sMONSTA) [User bMONSTA* APY Boost / total pool incl. boosts] * daily MONSTA Reward]
- User receives bMONSTA every minute representing their boosted share in the pool.
- APY boost is locked in on baking and stays constant till the cycle ends or when the bMONSTA moves. Locking early is rewarded more as per the “APY boost”. APY boost is linked to wallets. Not individual coins.
- bMONSTA rewards (need to be claimed, but can be accumulated and don’t expire) are also baked and receive APY boost as per the date received in the wallet. APY boost will get weighted averaged per wallet.
- Pool gets fed MONSTA from Community Wallet as per the emissions schedule (to back the bMONSTA)
- 0% Cycle End Unbaking Tax
- 40% early unBake tax (70% burnt. 30% vault) (includes deflation tax)
- Total Tax : 40%
Staked Monsta
- No lockup
- 0% deposit tax
- 1 MONSTA mints 1 sMONSTA. User receives sMONSTA in return for MONSTA deposit
- sMONSTA rewards formula Share of total pool (bMONSTA+ sMONSTA) [User MONSTA / total pool] * daily MONSTA reward]
- User receives sMONSTA daily representing their unboosted share in the pool. Rewards need to be claimed but do not expire.
- Pool gets fed MONSTA from Community Wallet as per the emissions schedule (to back the sMONSTA)
- 0% Cycle End UnStaking Tax
- 7.5% Unstake Tax +2.5% Deflation Tax + 5% Withdraw tax (70% Burnt. 30% Vault)
- Total Tax : 15%
Last modified 8mo ago