Staking & Locking Technicals

Users can stake their ECLIP to earn Cosmic Essence each day they are staked (Essence will stream per second). Users can Un-Stake at any time with no penalty to their staked ECLIP balance. Accumulated Essence will be lost when Un-Staking.

Users who want to progress through the tiers immediately and earn ECLIP rewards each day can lock their staked ECLIP for 1 month, 3 months, 6 months, 9 months or 1 year.

100% of Cosmic Essence is awarded upfront when locking and does not expire at the end of the locking period. ECLIP rewards will continue to accumulate at the end of the locking period, Essence will not continue to accumulate at the end of the locking period unless the ECLIP is Re-Locked. ECLIP can be Re-Locked for any period at the end of the original lock period. Locked ECLIP can be Re-Locked during the current term if it is for a longer term - the already passed locked time carries forward, the Re-Lock will not start from the beginning.

Each locking term has a reward pool. Each reward pool is incentivised independently, and the APR for each pool will change as more or less ECLIP is locked in that pool. ECLIP rewards in each pool are logarithmic.

For this example, user A stakes 1,000 ECLIP tokens across different terms.

This shows how even a user with a smaller amount of ECLIP can increase their chances of an IDO allocation: but this next piece is where it gets more interesting.

Let’s give the user a choice of having multiple active staking and locking positions. This opens up the number of stakers and lockers that the system can accommodate:

• Stake to earn Essence each day, Un-Stake anytime

• Lock for 1 month to earn 100% of the 1 month Essence upfront + ECLIP rewards

• Lock for 3 months to earn 100% of the 3 months Essence upfront + ECLIP rewards

• Lock for 6 month to earn 100% of the 6 months Essence upfront + ECLIP rewards

• Lock for 9 months to earn 100% of the 9 months Essence upfront + ECLIP rewards

• Lock for 12 months to earn 100% of the 12 months Essence upfront + ECLIP rewards

Users can Un-Lock at any time with penalties. Penalties drop the closer the position is towards the end of the chosen term.