**TBILL NFT Multipliers (TBILLX) for Liquidity Pool (LP) Staking Explained**

The TBILL NFT Multiplier Token, TNT-721 Token (NFT).

TBILL NFT Multiplier Token Contract Address: 0x172d0bd953566538f050aabfeef5e2e8143e09f4

Symbol: TBILLX

Decimal: 0

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**The right to mint TBILL NFT Multipliers (TBILLX) is a temporal component that incentivizes time spent in Liquidity Pool Staking.**

**TBILL NFT Multiplier (TBILLX), 1.5x and 2x Mints**

**180 **days / LP Staking earns right to mint, **1.5x TBILL NFT Multiplier.**

**180 Day 1.5x Mint Average:** Entire 180 days comprises 50% of the weighted avg. The final 14 days comprises the other 50% of the weighted avg.*

**365** days / LP Staking earns right to mint, **2x TBILL NFT Multiplier.**

**365 Day 2x Mint Average:* *Entire 365 days comprises 50% of the weighted avg. The final 28 days comprises the other 50% of the weighted avg.*

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*The **NFT Multipliers** apply only to your** TBILL **stake,** NOT** your** TFUEL.*

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**1.5x APR/APY**

*The 1.5x TBILL NFT Multiplier will raise the APR on TBILL from 50% to 75% APR. **The APR on TFUEL remains at the Static 50% APR.*

*With the 1.5x TBILL Multiplier activated you have 75% APR on TBILL & 50% APR on TFUEL. Giving an overall effective APR of 62.5% (if 100% of the TBILL in LP Staking is activated with the 1.5x Multiplier)*.*

*An APY of 86.72% is achieved if all of the TBILL is covered by the 1.5x multiplier & by compounding 100% of the daily TBILL rewards by matching them with an equal value of TFUEL and rolling that back into LP staking on a daily basis.*

**2x APR/APY**

*The 2x TBILL NFT Multiplier will raise the APR on TBILL from 50% to 100% APR. **The APR on TFUEL remains at the Static 50% APR**.*

*With the 2x TBILL Multiplier activated you have 100% APR on TBILL & 50% APR on TFUEL. Giving an overall effective APR of 75% (if 100% of the TBILL in LP Staking is activated with the 2x Multiplier)*.*

*An APY of 111.54% is achieved if all of the TBILL is covered by the 2x multiplier & by compounding 100% of the daily TBILL rewards by matching them with an equal value of TFUEL and rolling that back into LP staking on a daily basis.*

**An example below of 100% of TBILL on 1x (Static 50% APR).**

**TVL — Total Value Locked**.

*Note below that the TVL & Multiplied Total Value Locked (MTVL) are the same if no TBILL Multiplier has been activated yet.*

**An example below of 100% of the TBILL on 2x Multiplier (100% APR), TFUEL (50% APR). Overall Effective APR 75%.**

**MTVL — Multiplied Total Value Locked.**

Now the MTVL has a higher value than the TVL due to the 2x Multiplier being activated on the TBILL.

Note: *This is a symbolic value for ease of record keeping and cannot be redeemed.*

**MTVL Calculation Example**

The MTVL is used in the calculation of your reward tabulated at 10 minute intervals. MTVL is relevant only if you have a Multiplier Activated..

TVL is what you have locked at that moment.

Your MTVL (Multiplied Total Value Locked)

For ease of math you simply multiply by 0.0000095129375951292 for each of the 144 RLE (Reward Log Event) a day.

MTVL = (TBILL$ * Multiplier)+ TFUEL$

Example, 100k TBILL with a 2x NFT Multiplier Activated

$100k*2 = $200k + $100k = $300k

$300k * 0.0000095129375951292 * 144 = TBILL/day

$410.95 /per day with TBILL at $1

The above is just an example of the multiplier math involved with TBILL at $1.

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**TBILL Calculator**

**For best results (dynamic up to date & customizable TBILL & TFUEL prices). Use the TBILL calculator on GPooL.io**

You can add 1.5x & 2x Multipliers on the TBILL calculator.

For example, if 100% of your TBILL is covered by a 2x Multiplier you add 100% under the 2x on the calculator.

For example, if you had 50% of your TBILL on 2x, add 50% in the calculator for the 2x slot. If your other 50% of TBILL was on a 1.5x Multiplier add 50% in the calculator for the 1.5x slot.

Use the TBILL calculator on GPooL.io

**Note:** *TBILL.io always priorities and applies the highest NFT Multiplier you have in your NFT inventory first toward your TBILL.*

*For example:*

*If you had a 1.5x Multiplier activated on 30k TBILL & subsequently minted a 2x Multiplier for 50k TBILL.*

*TBILL.io would see the new 2x NFT Multiplier & automatically activate the 2x for the existing 50k TBILL in LP Staking.*

*Any new TBILL not covered by the 2x Multiplier would now be covered by the original 1.5x Multiplier given in the example above that was good for use on 30k TBILL.*

*In the example given, any additional TBILL over & above what is covered by the 2x & 1.5x Multipliers would be on the standard 1x which denotes the base Static 50% APR of the liquidity Pool Staking Pair, for example TFUEL/TBILL.*

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*An example of linear stacking**.*

*You own a Wounded Warrior 2x on 100k TBILL NFT Multiplier. You are using this multiplier in the TFUEL/TBILL LP Staking on Theta Mainnet. When another incentivized liquidity Pool is launched on Theta Mainnet, you may also use the same Wounded Warrior 2x on 100k TBILL NFT in this liquidity Pool staking instance also. For example the upcoming Governance Token /TBILL LP staking on Theta Mainnet.*

*An example of cross-chain stacking.*

*If an incentivized USDC/TBILL Liquidity Pool is launched on Balancer you may also use the same Wounded Warrior 2x on 100k TBILL NFT Multiplier in the USDC/TBILL incentivized liquidity Pool on Balancer (Ethereum Mainnet).*

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**TBILL NFT Multiplier Count Clock**

As soon as one enters liquidity Pool Staking, the count down clock towards the 1.5x & 2x Mint begins. If one were to remove 100% of their liquidity from LP Staking after five days of a zero balance the count clock toward the 1.5x & 2x would pause. On re-entering LP Staking the count clock would UN-pause, picking up from where it left off prior to exiting LP Staking. The intention is to facilitate a high level of flexibility for Liquidity Pool Staking.

**Program Duration *Extendable by Vote**

At the end of the current program duration we will vote on how to proceed with the offered APR on LP staking. Prior to to the end of the current program the community will discuss & vote on what APR we think should be maintained or changed for LP staking. The governance token is one of the next puzzle pieces to come into play.

Each person has their own individual count clock toward the 1.5x & 2x TBILL NFT Multipliers. It’s the same duration for everyone, 180 (1.5x), 365 (2x). The count clock commences on entering LP Staking for each individual.

There is no crossover between the broader program duration and the right for each individual to the NFT mints, 180 (1.5x) 365 (2x).

**TBILL NFT Multipliers DO NOT EXPIRE.**

What may have changed is the APR based on the outcome of the community vote. The NFT’s would just play their part & give a multiplier on whatever APR we have all decided.

For example, 2x on 50% APR may have shifted to something else, 2x on 75% APR or whatever the vote has determined. So the NFT’s have no expiry date. The APR they multiply could change based on how everybody votes. Given the current analysis the APR will remain as is or be increased.

A decrease in APR does not fit our analysis or viewpoint.

It will be interesting to get all views closer to the time of the vote.

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**TBILL NFT Multipliers are currently available to be Bought or Sold on the **Opentheta** Secondary Market.**

Apart from the NFT Multipliers that can be earned & minted by virtue of remaining inside LP Staking for the specified time periods (180 & 365 days). There are also NFT Multipliers that can now be bought & sold on the secondary market on Opentheta

The NFT Multipliers that are currently available & which will become available on the secondary market originate from two sources.

The first source being promotional campaigns that GPooL ran & that are currently running in which NFT’s are given freely to various Theta community groups at no cost to the recipients.

The second being GPooL’s charitable fundraiser for the Wounded Warrior Project hosted on Opentheta. The Primary Market Sale started on February 10th 2022. Ending on Feb 20th 2022. Concluding with almost $3.4M raised in 10 days! 💪🍾

After all the TBILL NFT Multiplier promotional campaigns are concluded. The ability to mint TBILL NFT Multipliers will be handed off exclusively to the oracles that will mint them for eligible wallets for the 180 (1.5x) and 365 (2x) mints. As such the team won’t be able to mint more TBILL NFT Multipliers. There will be a burning of NFT Multipliers 4th of July 2022. Prior to that they will be moved to a dead contract for staging to be burnt. A full breakdown & tracking site for all TBILL Multipliers in existence will go live prior to the 4th of July burn event (with companion article to follow for NFT tracking site)*.

How to Buy TBILL NFT Multipliers on Opentheta

How to Sell NFT’s on Opentheta

Cheers All, GPooL 🍾

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