Rewards
Last updated
Last updated
Escrowed RAP (esRAP) can be used in two ways:
Staked for rewards similar to regular esRAP tokens
Vested to become actual RAP tokens over a period of one year
Each staked Escrowed RAP token will earn the same amount of Escrowed RAP and ETH rewards as a regular RAP token.Note that Escrowed RAP (esRAP) is not meant to be transferrable unless you are doing a full account transfer(link: TBC). The amount of RAP or RLP required to vest esRAP is unique per account and the max amount of esRAP that can be vested is capped to the esRAP rewards received by that account.
Escrowed RAP (esRAP) tokens can be converted into RAP tokens through vesting, this can be accessed on the "Staking" page.
When vesting is initiated, the average amount of RAP or RLP tokens that was used to earn the esRAP rewards will be reserved.
For example, if you staked 1000 RAP and earned 100 esRAP tokens, then to vest 100 esRAP tokens, 1000 RAP tokens will be reserved. To vest 50 esRAP, 500 RAP 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.
esRAP 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 esRAP tokens will be converted into RAP every second and will fully vest over 365 days. esRAP tokens that have been converted into RAP are claimable at anytime.
If a user sells RAP or RLP tokens and would like to vest their esRAP rewards later on, they would need to re-buy the RAP or RLP tokens.
RAP, esRAP 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 "Staking" page. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens as well as pause vesting. Upon withdrawal, esRAP tokens that had been vested into RAP will remain as RAP tokens.
Multiplier Points reward long term holders without inflation.When you stake RAP, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 RAP staked for one year would earn 1000 Multiplier Points.Multiplier points can be staked for fee rewards, each staked multiplier point will earn ETH at the same rate as a regular RAP token.When RAP or Escrowed RAP tokens are unstaked, the proportional amount of Multiplier Points are burnt.
The "Boost Percentage" shown on the "Staking" page shows your individual boost amount from Multiplier Points. For example, if the ETH APR is 10% and you have $10,000 worth of RAP and esRAP, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of RAP and Escrowed RAP, your "Boost Percentage" would display as 20%, and you would get an extra \$200 of ETH rewards annualized.
The “Boost Percentage” is calculated based on the ratio of Multiplier Points to your total amount of staked RAP:
Boost Percentage = 100 * (Staked Multiplier Points) / (Staked RAP + Staked esRAP).