POOLS
Last updated
Last updated
The first STAK pool on StakBank will have a hard deadline of 12 months, with a base allocation of 17,500,000 STAK; approximately $1,100,000 with STAK at $0,06. This averages $91,000 per month distributed to the whole pool, following a weighted staked amount.
The base reward is taken out completely from the tokenomics, so it doesn’t depend on revenue fees across the Jigstack ecosystem. Therefore, smart contracts have a function that recalculates rewards based on deposits we make and all yields presented here are just a base - actual yields are going to be higher.
We’re free to deposit more rewards (either from ecosystem fees, tokenomics, or any other source) anytime we want and notify the community about that to generate more hype.
Either way, this is a future decision. For the time being we’re investing back into StakBank v1 a total of 17,500,000 STAK tokens and we’re left with 72.750.000 STAK for future LP incentive pools or for reinvesting back into StakBank if needed.
Right now, multipliers are paid in a synthetic token JSTAK that can be used across the Jigstack ecosystem, instead of affecting the yield directly. This simplifies a good portion of the smart contract functionalities, giving us more control without sacrificing decentralisation to users. Tokenomics and mathematics are also incredibly simplified.
The JSTAK token is a modified ERC20 with extra limitations.
With JSTAK, only whitelisted addresses are able to mint (receive) tokens, and only special-access addresses are able to receive back those tokens (in a spending mindset).
Essentially, JSTAK is a fidelity token that can only be used inside the Jigstack ecosystem.
Users won’t be able to list JSTAK on DEXes or even trade the token.
Jigstack’s Longevity Factor (LF) introduces a tiered system for investors of all sizes to receive rewards for remaining invested in the Jigstack ecosystem for long periods. LF affords medium to small-time investors access to private sales that were previously unavailable, so investors who stake their STAK for extender periods can earn more value for their tokens. The Longevity Factor is a reward multiplier for stakers on Stakbank. The multiplier system operates based on an 11-month duration with increments for each month staked.
