Earn
zkEra aims to maximize earnings and APRs for all holders and liquidity providers.
Staking
Project tokens allow their holders to participate in staking mechanisms.
Staked ZKE gives you rewards as:
ETH rewards
escrowed ZKE
Booster points
All your ZLP are automatically staked on mint and give you rewards as::
ETH rewards
escrowed ZKE
Your degenLP tokens are automatically staked on mint and give you rewards as:
ETH rewards
escrowed ZKE
Staked esZKE gives you rewards as:
ETH rewards
escrowed ZKE
Booster points
Staked Booster Points give you rewards as
boost ETH APRs when staked
Trading fees from swap and leverage transactions are transformed into ETH and distributed to staked ZKE tokens. As a result, by staking, you can earn ETH. It's important to note that the allocated fees are based on the remaining amount after deducting referral bonuses and keepers' network costs, which usually account for around 1% of the total payments.
Claiming or Compounding
You have two distinct reward options: "Compound" and "Claim."
By selecting the Compound option, you can reinvest your escrowed ZKE rewards along with any leftover Multiplier Points, which will enhance your overall returns.
On the other hand, choosing to Claim will dispatch all your awaiting escrowed ZKE incentives and ETH prizes directly to your wallet. Furthermore, once you have compounded or staked them, you can remove escrowed ZKE tokens from the stake and subject them to vesting whenever you wish
Escrowed ZKE
Escrowed ZKE (esZKE) tokens possess two key roles:
Earning rewards through staking, akin to standard ZKE tokens.
Undergoing vesting to transform into actual ZKE tokens over a 12-month duration.
Every staked esZKE token generates equivalent esZKE and ETH rewards as a normal ZKE token. Bear in mind that esZKE tokens are intentionally non-transferable, with the exception of a full account transfer scenario. The quantity of ZKE or ZLP needed to vest esZKE is unique to each individual account and restricted to the rewards accumulated by that specific account. It is advised to refrain from acquiring esZKE tokens via marketplaces or over-the-counter (OTC) deals, as vesting them will not be possible.
Vesting
The conversion of Escrowed ZKE (esZKE) tokens into ZKE tokens is made possible through a vesting method, which you can find on the Earn page. As soon as the vesting kicks off, an average number of ZKE or ZLP tokens, employed to earn esZKE rewards, are set aside. For example, if you stake 2,000 ZKE and obtain 200 esZKE tokens, 2,000 ZKE tokens will be dedicated to the vesting of 200 esZKE tokens. To vest 10 esZKE, a reserve of 100 ZKE tokens is required. It's important to remember that this illustration is for reference only, and the actual ratio hinges on the average quantity staked and the rewards amassed for your account.
Rewards are not provided for esZKE tokens that are unstaked and deposited for vesting. In contrast, tokens staked and reserved for vesting will consistently accumulate rewards. Once the vesting process initiates, esZKE tokens will gradually transform into ZKE tokens, with the conversion happening every second, and the entire procedure lasting 365 days. You have the option to claim your converted ZKE tokens at any time you prefer.
In case users decide to offload their ZKE or ZLP tokens and later want to vest their esZKE rewards, they'll need to repurchase ZKE or ZLP tokens. The required reserve sum enables the flexible utilization of ZKE, esZKE, and Multiplier Points. Depositing into the vesting vault is allowed even when the vesting process is ongoing.
Tokens allocated for vesting are not allowed to be unstaked or sold. To remove the reservation on tokens, click on the "Withdraw" button found on the Earn page. Since the system doesn't support partial withdrawals, executing a withdrawal action will revoke the reservation on all tokens and suspend the vesting process. Any esZKE tokens vested into ZKE tokens will continue to exist as ZKE tokens.
Booster Points
Booster Points reward long-term holders without inflation.
When you stake ZKE, you receive Booster Points every second at a fixed rate of 100% APR. 200 ZKE staked for one year would earn 200 Booster Points.
Booster points can be staked for fee rewards by pressing the "Compound" button on the Earn page, each booster point will boost ETH APRs at the same rate as a regular ZKE token.
When ZKE or Escrowed ZKE tokens are unstaked, the proportional amount of Booster Points are burnt. For example, if 5000 ZKE is staked and 2000 Booster Points have been earned so far, then unstaking 500 ZKE would burn 200 (500 / 5000 * 2000) Booster Points. The burn will apply to the total amount of Booster Points which includes both staked and unstaked Booster Points.
To transfer staked tokens without burning Booster Points, use zkEra Transfer mechanism.
The "Boost Percentage" shown on the Earn page shows your individual boost amount from Booster Points. For example, if the ETH APR is 10% and you have $2,000 worth of ZKE and esZKE, then your rewards would be $200 annualized, if you additionally have an amount of Booster Points equivalent to 20% of your total amount of ZKE and Escrowed ZKE, your "Boost Percentage" would display as 20%, and you would get an extra $40 of ETH rewards annualized. The “Boost Percentage” is calculated from the ratio of Booster Points to your total amount of staked ZKE:
Boost Percentage = 100 * (Staked Booster Points) / (Staked ZKE + Staked esZKE)
An example:
100 * (6.25) / (8.75 + 1.62) = 60.27%
Distribution
For staked tokens, rewards are given out every second. Escrow ZKE will be allocated to staked ZKE and ZLP in accordance with the timeline in the most recent snapshot voting.
Monthly evaluations of the reward rates will be conducted, and adjustments may be made. Before being put into effect, any changes will be disclosed at least 7 days in advance.
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