📈Staking (Soon)
By staking $PLAYS you can earn $GEMS rewards, that is the official stablecoin of the Plays Ecosystem.
Investors can stake their tokens for various time periods to earn rewards. Here's how this process typically works:
Risk Considerations: Investors should carefully consider the risks associated with staking, including potential token price fluctuations, smart contract vulnerabilities, and lock-up periods. Conducting thorough research and understanding the terms and conditions of the staking mechanism is crucial before participating.
Lock-Up Periods
There are no lock-up periods when staking $PLAYS. All staking contracts are liquid and you can withdraw your funds at any time!
Staking Pools
The Nominal APY represents how many $GEMS are generated per year for each staked $PLAYS token. Do note that this doesn't factor in USD changes in either token.
Plays Standard Pool
0.5%
Based on $Plays Price
Plays Accelerated Pool
0.5%
Based on $Plays Price
Plays Launch Pool
0.5%
Based on $Plays Price
Staking Matrix
This table demonstrates how the Variable APY changes based on Plays Token price changes.
$0.001
$100,000
0.5%
500%
5000 GEMS
$0.01
$1,000,000
0.5%
50%
500 GEMS
$0.1
$10,000,000
0.5%
5%
50 GEMS
$1
$100,000,000
0.5%
0.5%
5 GEMS
$10
$1,000,000,000
0.5%
0.05%
0.5 GEMS
Reward Calculator
To calculate the amount of $GEMS you can earn via staking or the current Effective APY please refer to the Plays Staking Calculator.
Staking Contract Modeling
Each staking pool has a Base APY and a Variable APY. The Base APY depends on the available $GEMS rewards within the staking contract. The Variable APY depends on the market price of the $PLAYS Token. The lower the price the higher the potential APY, and vice-versa, as the $PLAYS price increases the APY reduces.
The overall $GEMS emission is not affected by the change in the $PLAYS price, which ensures there is always enough $GEMS in the ecosystem.
Model 1: The Effective APY depends on the Plays Token Price. The higher the Plays token price the lower the APY.
Model 2: There is no correlation between the Effective APY and Base APY.
Model 3: The amount of Gems generated based on Plays staked is linear..
Model 4: The amount of Gems generated is not correlated to the Plays price.
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