Staking

CoinLucks Pools

CoinLucks Staking Pools are smart contracts launched by the CoinLucks platform. They allow users to stake BNB to earn rewards while providing liquidity support for the game prize pool.

Key Features

1. Staking and Rewards

   • Users can stake BNB to start earning rewards.

   • Rewards are tied to the platform's game revenue—the higher the game revenue, the greater the rewards users receive.

   • Staked funds also contribute to the game prize pool liquidity, improving the system's sustainability.

2. Reward Calculation Formula

   • $\text{User Rewards} = \frac{\text{User Weighted Stake Amount}}{\text{Total Weighted Stake Amount}} \times \text{Total Reward Pool}$

   • The reward pool is funded by:

     • A portion of game revenue.

     • 5% fees from early unstaking.

3. Reward Withdrawal and Compounding

   • Rewards are released linearly over 14 days.

   • Users can choose to withdraw their rewards or compound them to increase their staked amount.

4. Early Unstake Penalty

   • The lock-up period is 7 days.

   • Early unstaking incurs a 5% fee, which is redistributed to the reward pool, benefiting other stakers.

User Benefits and Risks

• Benefits

  • Rewards are directly proportional to game revenue, offering potentially high returns.

  • Compounding is supported, enabling long-term growth of staked funds.

• Risks

  • Liquidity Risk: Staked funds may be used to pay game winners, which could temporarily limit withdrawal availability.

  • Market Volatility: Fluctuations in BNB price could impact the value of rewards.

CoinLucks Staking provides a flexible and rewarding staking mechanism, empowering users while fostering the platform's growth.