Unleashing $ECLIP Staking

Eclipsers, we know a lot of you are looking forward to the upcoming IDO of our $ECLIP token! However, you may be wondering once I claim my allocation, what can I do with my $ECLIP tokens?

The answer: you can stake them and earn rewards.

But staked $ECLIP tokens can do much more than confer rewards, they are your key to the Eclipse Fi ecosystem.

With your staked $ECLIP you can accrue Cosmic Essence, increasing both chances and sizes of allocations in Eclipse launches (read more on Cosmic Essence here). Beyond that, users can gain access to ecosystem features such as governance and certain launch modules.

So how do we stake our $ECLIP tokens and how much Cosmic Essence can we get?

Quick Guide:

(staking will go live during TGE)

1. Staking your $ECLIP tokens is your gateway to EclipseFi-based IDOs
2. Go to ntrn.eclipsefi.io
3. Connect wallet
4. Navigate to the lockup vaults
5. Stake or lock your $ECLIP
6. Receive your Cosmic Essence and ascend the tiers
7. Each Cosmic Essence Tier confers the following rewards:

Staking with Eclipse Fi Vaults

To stake your $ECLIP tokens there are two options:

1. Staking — This is the more liquid option. Staking your $ECLIP in a staking vault enables greater flexibility, allowing you to stake and unstake within 24-hour periods. However, this flexibility is afforded at a lower $ECLIP yield and a more gradual build-up of Cosmic Essence.
2. Locking — This is the more fixed option. Locking your $ECLIP in a lockup vault signifies a long-term commitment to the protocol. Once you lock it, you cannot unlock it without slashing your stake. However, this continuity means that you can get a higher $ECLIP yield and you earn all of the Cosmic Essence for the entire period upfront. You can choose to lockup for different periods each of which has a different allocation of tokens:

Eclipse Fi staking and locking vaults provide a streamlined process for users to engage in staking. The process is designed to be user-friendly:

1. Go to the Eclipse Fi website, click ‘Launch App’, connect your wallet using the button in the upper right-hand corner, navigate to the ‘Dashboard’ tab, and select ‘Wallet’.
2. Once there, select a vault. There are options for staking vaults and options for lockup vaults. The lockup vaults carry fixed periods of 3, 6, 9, and 12 months respectively. Each vault offers different benefits, tailored to various investor preferences.
3. With your vault selected, simply enter the number of $ECLIP tokens you would like to lock and deposit them.

Whether you’re looking for short-term gains or long-term growth, Eclipse Fi vaults provide a range of options to suit your investment strategy.

Staking Tiers

EclipseFi uses an innovative tiered system that allows you to invest in their upcoming IDOs. Each tier is denoted by a different level of Cosmic Essence (the metric we mentioned above). You can begin accruing Cosmic Essence by staking your $ECLIP tokens, or you can immediately progress to your intended tier by locking your $ECLIP for 12 months.

Your Cosmic Essence Tier is decided by the dollar value of $ECLIP you lock up. It, in turn, controls several features including whether you receive a guaranteed allocation or not, the maximum number of lottery tickets you may receive during each IDO, and your maximum possible lottery allocation per IDO.

There are 6 Cosmic Essence Tiers:

Cosmic Essence Tier 1

For an initial taste of the Eclipse ecosystem, Cosmic Essence Tier 1 requires building up 1500 Cosmic Essence over 12 months. This entry-level tier offers:

• Guaranteed IDO Allocation: None
• Max Lottery Tickets/IDO: 1
• Max Lottery Allocation/IDO: $50

Tier 1 holders have a shot at a small lottery allocation in EclipseFi’s IDOs and earn staking yields on their ECLIP lock-up.

Cosmic Essence Tier 2

Cosmic Essence Tier 2, requiring a build-up of 4000 Cosmic Essence points over a year, ups the stakes a bit:

• Guaranteed IDO Allocation: None
• Max Lottery Tickets/IDO: 4
• Max Lottery Allocation/IDO: $250

This tier quadruples lottery tickets, enhancing chances in Eclipse IDOs, with a more substantial possible allocation.

Cosmic Essence Tier 3

Tier 3 demands 5000 Cosmic Essence points, offering:

• Guaranteed IDO Allocation: None
• Max Lottery Tickets/IDO: 9
• Max Lottery Allocation/IDO: $350

With nine times the lottery tickets compared to Tier 1, Tier 3 significantly boosts the likelihood of IDO allocations and higher potential profits.

Cosmic Essence Tier 4

Cosmic Essence Tier 4, demanding 20000 Cosmic Essence points, starts offering guaranteed allocations:

• Guaranteed IDO Allocation: $500
• Max Lottery Tickets/IDO: 16
• Max Lottery Allocation/IDO: $1,250

Tier 4 guarantees a substantial IDO allocation, plus a meaningful potential lottery allocation.

Cosmic Essence Tier 5

Tier 5 ramps up the benefits at 40000 Cosmic Essence points:

• Guaranteed IDO Allocation: $1,000
• Max Lottery Tickets/IDO: 25
• Max Lottery Allocation/IDO: $3,000

This tier promises larger guaranteed allocations and up to $3,000 in lottery allocations, catering to savvy investors.

Cosmic Essence Tier 6

The pinnacle, Tier 6, requires building up 80000 Cosmic Essence points over 12 months, targeting advanced users:

• Guaranteed IDO Allocation: $2,500
• Max Lottery Tickets/IDO: 36
• Max Lottery Allocation/IDO: $6,000

Offering a significant guaranteed allocation and the highest lottery access, Tier 6 is designed for high-level exposure in Eclipse IDOs. When you stake ECLIP, the earned Essence increases progressively over 12 months until 1 ECLIP staked equals 1 Essence earned.

For more details on how much Essence you earn, continue reading here.

Staking and Unstaking

Staking vaults are flexible. Users can stake more $ECLIP at any time and require just 24 hours of notice before unstaking. However, those who wish to unstake their funds are forced to unstake 100% of their staked funds. Partial unstaking is not possible.

Lockup vaults are a bit less flexible. At any time you can choose to lock up more $ECLIP tokens, thereby increasing your Cosmic Essence tier. Users who wish to unlock their funds must unlock all of their locked funds. They must do so using the purpose-made force unlock feature which applies a 50% slashing fee (also referred to as early exit fee) to the principal amount locked.

The good news is that this penalty decreases gradually in proportion to the number of days remaining to the lockup period’s end.

So what are you waiting for? Go and get your $ECLIP allocation today and prepare to get in on the ground floor of some of the most exciting projects in web3!