MacaronSwap Long Term Staking Vaults
Long term staking pools for rewarding long term staking users.
MacaronSwap long term staking vaults for MCRN token will be live by today.
The main idea of setting up the new pools is rewarding long term community members and supporters with higher rewards.
Instant staking pools will continue to their lives(MCRN staking, MCRN auto-staking) as is, but they will receive less rewards compared to long term vaults because of MCRN block reward is limited and MCRN staking policy receives a proportion of the block rewards which is approximately 0.16 per 3 seconds nowadays.
You will have several options with locked staking with various timing what you want to use, longer lock receives more APR. It’s likely a bonding curve reward mechanism instead of linear increase.
Previous Auto-Staking contract will remain, new flexible staking contract will have same terms, conditions and same(balanced) APYs. Flexible contract will have only one extra feature as it provide you to convert your staking from flexible to locked with single transaction.
After you enable the new contract on https://macaronswap.finance, Earn, Choco Falls navigation, you will see 2 options as seen below, Flexible and Locked.
You can convert your Flexible to Locked, but you cannot convert your Locked staking to flexible until your duration choice completed. If you want to use both flexible and Locked with the same address at the same time, you need to use old Auto-Staking and the new Locked staking. Else, new contract doesn’t allow flexible and locked staking for a single address.
When you pick locked staking or convert flexible to locked staking, you will see a screen to choose the duration you want to use. You will be able to see estimated APY below the duration selection bar which helps you to estimate rewards.
You can add more MCRN to both flexible and locked contracts, adding more MCRN will renew your 3 days period for flexible, also it will renew your duration choice if you want to add more MCRN to the locked staking. So take care during taking these actions and read the notifications.
After your deposit, you can see remaining lock time, expected ROI, expected APY info on staking card.
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TL,DR;
You can stake in Flexible and your options will be;
- Stake
- Add MCRN (Stake more)
- Convert to Lock
- Unstake
You can stake in locked pools for higher APY, Stake in Locked and your options will be;
- Stake
- Extend
- Add MCRN (stake more — will renew duration)
- Renew (After completion of locking time)
- Unlock (After lock time) — This converts your balance to the flexible pool
For more updates and details please visit to
#Macaron Discord (https://discord.gg/9Tt4pnN63G),
Macaron Telegram (https://t.me/macaronswap) and following
Macaron Twitter account(https://twitter.com/macaronswap)
