Staking
The 8lends project ecosystem employs various staking methods, with the primary one being the "Lending Pool." This special protocol is essential for investing in projects and operates as follows:
Lending Pool Mechanics
Credit Check: The company undergoes a credit check and full due diligence.
Loan Application: The company applies for a loan.
Protocol Opening: The "Lending Pool NAME" protocol is opened for this loan.
Investor Participation: Investors transfer their USDC into the protocol.
8LENDS Allocation: 8lends tokens are transferred from the Treasury to the protocol.
LP Tokens: Investors receive LP tokens.
Collateralized NFT (Optional): A project-specific NFT can be added to the protocol.
USDT Disbursement: USDC is withdrawn from the protocol and transferred to the company's wallet.
Repayment: At the end of the loan period, the company transfers USDC with interest back to the Lending Pool NAME.
Investor Returns: Investors return LP tokens and can choose to collect their return in USDC or 8LENDS, with interest.
Protocol Closure: The NFT is deleted, and the protocol is closed.
LP Token Utility: The LP token starts at a value equal to the invested amount and future income, making it usable in other 8lends ecosystem tools.
Staking $8lends Mechanics
The "Staking 8lends" protocol rewards communities for their trust in the 8lends ecosystem. It operates as follows:
Protocol Opening: 8lends opens the protocol for a limited period, allowing users to replenish it with 8LENDS tokens.
$8lends Transfer: Platform users transfer 8LENDS tokens and receive an LP token.
Fund Blocking: The protocol blocks funds for the specified period, preventing further replenishment.
Accrued 8LENDS: 8LENDS tokens from taxes and commissions are credited to the protocol throughout its term.
End of Term: Users return LP tokens and receive their 8LENDS plus a share of the accrued bonus tokens.
Protocol Closure: The protocol is closed.
Income Calculation: User income from the “Staking 8LENDS” protocol is a share of their 8LENDS from the total pool. The formula is:
St=Tax×(PT)\text{St} = \text{Tax} \times \left( \frac{P}{T} \right)St=Tax×(TP)
Where:
St: Income from Staking 8LENDS
Tax: Sum of accrued tokens from taxes and commissions
P: User's share of tokens
T: Total pool of tokens in the protocol
Example Calculation:
Term: 12 months
User Investment: 1,000 8LENDS
Total Protocol Tokens: 70,000 8LENDS
Accrued Tokens: 200,000 8LENDS
User's Income: 2,857.14 8lends (285% per annum).
This structured approach ensures a fair and transparent process, providing multiple avenues for investment and rewards within the 8Lends ecosystem.
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