Introducing the full specs of our staking & liquidity staking pools
Edit: This article has been redacted on October 26th to include the latest updates in regards to staking:
- caps for traditional staking pools were increased from 600,000 LOCK to 1,000,000 LOCK
- join period set to 7 days for all staking pools, whereas before 2 of the pools allowed joining at any time
- when a user chooses the early withdraw option (withdrawing before period end) and collects only part of his dividends, the remainder of those dividends is now re-distributed across all current stakers proportionally to their staking share e.g. if John’s current reward is at 10,000 LOCK for pool 4 and he chooses the early withdraw option, he only gets 30% of those rewards (3,000 LOCK), and the remaining 70% (7,000 LOCK) are re-distributed between current stakers. This implies ROI levels to be higher than those previously announced
Hi everyone!
In the past, we announced we’d provide our holders with the possibility of once again staking their LOCK to earn dividends. Specifically, we said we’d release 4 different staking pools by mid-late October.
Launch date for all 4 staking pools is Monday October 26th.
These pools will be accessible through our website. All 4 staking pools have a 7 day joining period starting October 26th, after which the staking period will commence. Here you can find the detailed specifications for each of them.
Pools general outline and specifications
Users will be able to stake on 4 different pools:
- 2 traditional staking pools - users deposit LOCK and are rewarded with LOCK proportionally to the size of their staked amount
- 2 liquidity staking pools - users deposit Uniswap V2 tokens gained from adding liquidity to the LOCK/ETH pool on Uniswap and are rewarded with LOCK proportionally to the size of their staked amount
Specifications and metrics (time-lock, ROI, etc) for traditional staking are different than those for liquidity staking. We’ll start with the specs for the traditional staking pools, then moving onto liquidity staking pools while giving an overview of how ROI for the latter can be calculated.
Pool 1 — Traditional staking
APR — 75 %
Staking period length — 60 days
Joinable for the first 7 days
ROI — 12.5% (6.25% per month)
Pool cap ( max amount of LOCK that can be staked before pool is full )— 1,000,000 LOCK
Early withdraw — not available
No min or max amount of LOCK staked per wallet
Examples:
- Stake 10,000 LOCK on day 1, withdraw 11,250 LOCK on last day
- Stake 10,000 LOCK on day 30, withdraw 10,625 LOCK on last day
Pool 2— Traditional staking
APR — 100 %
Staking period length— 90 days
Joinable for the first 7 days
ROI — 25%(8.3% per month)- (minimum return amount, likely to be higher)
Pool cap ( max amount of LOCK that can be staked before pool is full ) — 1,000,000 LOCK
Early withdraw — collect 50% of current dividends, available after day 45
No min or max amount of LOCK staked per wallet
Examples:
- Stake 10,000 LOCK on day 1, withdraw 12,500 LOCK on last day
- Stake 10,000 LOCK on day 1, withdraw 10,940 LOCK on day 68
Pool 3— Liquidity staking
Staking period length — 60 days
Joinable for the first 7 days
Reward — 30 LOCK per Uniswap V2 token staked
No max cap for Uniswap V2 tokens staked
No early withdraw
No min or max Uniswap V2 tokens staked per address
Pool 4— Liquidity staking
Staking period length —120 days
Joinable for the first 7 days
Reward — 80 LOCK per Uniswap V2 token staked - (minimum return amount, likely to be higher)
No max cap for Uniswap V2 tokens staked
Early withdraw — collect 30% of current dividends, available after day 45
No min or max Uniswap V2 tokens staked per address
Example regarding liquidity staking:
Staking 50 Uniswap V2 tokens in pool 3 (60 days, 30 LOCK per Uniswap V2 token staked) will provide you with 1500 LOCK at the end of the period. Considering it is a 2 month period, this represents an ROI of 50% for the full term or 25% per month ( 1500/3000 ) at the current rate factoring in the addition of both ETH and LOCK into the Uniswap liquidity pool.
Under the same scenario (staking 50 Uniswap V2 tokens) but using pool 4 instead (120 days, 80 LOCK per Uniswap V2 token staked), this equates to an ROI of 133% for the full term ( 4000/3000 ) with the monthly return being 33.3%.
If the price as dollars remains constant, then the ROI would be 25% instead for pool 3 and 66.5% for pool 4, when factoring in both ETH and LOCK. However, ETH being one of the most stable coins to hold and a current leader in crypto markets, we consider that it definitely downplays the risk usually brought on by staking. This is why we only considered LOCK for the example above.
We believe this is a great way to reward our liquidity providers.
Important note: Due to recent updates to staking terms (see beginning of this article), ROI for the above example is considered to be the minimum amount to be collected. Realistically, ROI is expected to be higher as a portion of stakers will likely use the “early withdraw” option
Our all-star team of admins is available 24/7 over Telegram and Discord for any doubts that the community might have.
Stay safe everyone!
The Meridian team
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