DHT Staking & Uber Pool
- DHT staking is now LIVE at https://app.dhedge.org/rewards/staking
- Staking is time-locked and earns rewards in DHT and sUSD
- Uber Pool is governed by DHT stakers
How to Stake
To stake DHT, head to https://app.dhedge.org/rewards/staking. You will see something like the below:
You will need to enter an amount of DHT to stake as well as a lockup period. Lock-up period is ranging from 1 month to 3 years. The longer you lock-up for the higher your governance and rewards power, vDHT!
This is how vDHT works:
- vDHT is based on staked DHT * lock-up time
- vDHT decays linearly over time
- For example, a user locking-up DHT for 10 months instead of 1 month will have 10 times as many vDHT
- User can increase amount of DHT locked at any time as well as increase the lock-up time
This is a visual representation of the governance and earnings power as a function of time locked:
vDHT declines linearly as lockup time goes to zero. Your governance and earnings power is calculated as vDHT/(Total vDHT).
Governance & Uber Pool
dHEDGE pool managers can earn a performance fee based on their trading skill. The performance fee is distributed in pool tokens, meaning successful managers will increase the share of their own pool over time. The dHEDGE DAO has implemented an admin fee of 10% of performance fees. These pool tokens are collected in the Uber Pool. The Uber Pool currently has total assets of over $1.6M.
We can think of the Uber Pool as an ever growing pool of the most successful pools on dHEDGE.
The only way to get exposure to the Uber Pool is through staking of DHT. The DHT stakers will be responsible for rebalancing the Uber Pool to make sure it 1) maintains exposure to the best pools on dHEDGE 2) continues to grow. Part of Uber Pool growth can be converted to sUSD and distributed to stakers.
Apart from the Uber Pool, the DHT stakers will be able to make other governance decisions regarding the dHEDGE protocol by voting on our Snapshot page: https://gov.dhedge.org/#/dhedge/community
Rewards
Rewards for DHT stakers will be paid in DHT and sUSD. DHT rewards will initially be set to 25,000 DHT per week. Overall DHT rewards are now distributed as follow:
- DHT staking: 25,000 DHT per week
- Performance Mining: 5,000 DHT per day (vested for 3 months)
The LP Rewards for the Uniswap DHT-USDC pool will now be removed (currently 25,000 DHT per week). In order to make sure there is a liquid market for DHT, the DAO has increased its liquidity provision to over $4.7M.
We expect sUSD rewards to DHT stakers, as described above, to be possible on a quarterly basis starting around the end of Q1 of 2021.
Claiming of the first DHT rewards for stakers are expected to kick-off later this week!
More About dHEDGE
dHEDGE is a decentralized asset management protocol connecting the world’s best investment managers with investors on the Ethereum blockchain in a permissionless, non-custodial, trustless fashion. dHEDGE aims to democratise the investing experience leveraging the unique capabilities of Ethereum and Synthetix.
dHEDGE is supported by some of the biggest names in crypto, including Framework Ventures, Three Arrows Capital, BlockTower Capital, DACM, Maple Leaf Capital, Cluster Capital, Lemniscap, LD Capital, IOSG Ventures, NGC Ventures, Bitscale Capital, Divergence Ventures, Genblock Capital, Trusted Volumes, Altonomy, Continue Capital, The LAO, bitfwd (比特未来) and Loi Luu, Co-Founder and CEO of Kyber Network.
Join the dHEDGE community on Discord, Twitter, Telegram English language, Telegram Chinese language and on WeChat.
Important Notice: DHT tokens are a means by which users may utilise the protocol. dHEDGE DAO does not recommend purchasing DHT for speculative investment purposes. DHT tokens may lose value or have no value and may have no market.
