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DPEX Rewards benefit long-term users of the protocol; these rewards come in Escrowed DPEX and Multiplier Points.
DPEX holders who choose to stake on the platform and DPLP holders (i.e., liquidity providers) receive rewards. These rewards can be in the form of tokens - Escrowed DPEX (esDPEX) and MATIC - and Multiplier Points. Here is a summary:
- Staked DPEX earns MATIC, esDPEX, and Multiplier Points.
- Staked esDPEX earns MATIC, esDPEX, and Multiplier Points.
- Multiplier Points: earns MATIC when staked DPLP held in the wallet earns MATIC and esDPEX.
There are two options for rewards on https://app.dpex.io/#/earn: "Compound" and "Claim." Compounding will stake your pending Multiplier Points and Escrowed DPEX rewards, increasing the amount of rewards you receive. Claiming will transfer any pending Escrowed DPEX and MATIC rewards to your wallet. If you compound or stake your Escrowed DPEX tokens, you can unstake them for vesting at any time later on.
Escrowed DPEX (esDPEX) can be used in two ways:
- 1.Staked for rewards similar to regular DPEX tokens
- 2.Vested to become actual DPEX tokens over one year
Each staked Escrowed DPEX token will earn the same amount of Escrowed DPEX and MATIC rewards as a regular DPEX token. Escrowed DPEX (esDPEX) is not meant to be transferrable unless you do a full account transfer. The amount of DPEX or DPLP required to vest esDPEX is unique per account and capped to the rewards received by that account. Please do not buy esDPEX off the market or OTC, as you will not be able to vest them.
Escrowed DPEX (esDPEX) tokens can be converted into DPEX tokens through vesting; this can be accessed on the Earn page. When vesting is initiated, the average amount of DPEX or DPLP tokens used to earn the esDPEX rewards will be reserved.
For example, if you staked 1000 DPEX and earned 100 esDPEX tokens, then to vest 100 esDPEX tokens, 1000 DPEX tokens will be reserved. To vest 50 esDPEX, 500 DPEX tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.
esDPEX tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards. After initiating vesting, the esDPEX tokens will be converted into DPEX every second and fully vest over 365 days. esDPEX tokens that have been converted into DPEX are claimable at any time.
If a user sells DPEX or DPLP tokens and would like to vest their esDPEX rewards, later on, they would need to re-buy the DPEX or DPLP tokens. DPEX, esDPEX, and Multiplier Points can be used interchangeably for the required reserve amount.
Depositing into the vesting vault while existing vesting is ongoing is supported. Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve, the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens and pause vesting.
All esDPEX tokens vested into DPEX will remain as DPEX tokens.
Multiplier Points reward long-term holders without inflation.
When you stake DPEX, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 DPEX staked for one year would earn 1000 Multiplier Points.
Multiplier points can be staked for fee rewards by pressing the "Compound" button on the Earn page; each multiplier point will boost MATIC APRs at the same rate as a regular DPEX token.
When DPEX or Escrowed DPEX tokens are unstaked, the proportional amount of Multiplier Points is burnt. For example, if 1000 DPEX is staked and 500 Multiplier Points have been earned so far, then unstaking 300 DPEX would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.
The "Boost Percentage" shown on the Earn page shows your boost amount from Multiplier Points. For example, if the MATIC APR is 10% and you have $10,000 worth of DPEX and esDPEX, then your rewards would be $1000 annualized if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of DPEX and Escrowed DPEX, your "Boost Percentage" would display as 20%, and you would get an extra $200 of MATIC rewards annualized. The "Boost Percentage" is calculated from the ratio of Multiplier Points to your total amount of staked DPEX:
Boost Percentage = 100 * (Staked Multiplier Points) / (Staked DPEX + Staked esDPEX) An example: 100 * (6.1717) / (14.55 + 5.00) = 31.56%
Escrowed DPEX will be distributed to staked DPEX and DPLP according to the schedule in the latest [snapshot vote].
Rewards are distributed every second to staked tokens.
Reward rates will be evaluated each month and may be subjected to changes. Any modifications will be announced at least 7 days in advance before being implemented.
A summary of rewards and mechanics:
- DPEX: earns MATIC, esDPEX, Multiplier Points when staked
- esDPEX: earns MATIC, esDPEX, Multiplier Points when staked
- Multiplier Points: boost MATIC APRs when staked
- DPLP: earns MATIC, esDPEX, automatically staked on mint