Locking & Unlocking Model
Issuance Schedule
The issuance of NDX as rewards for staking LP tokens in the farm is scheduled to change during each consecutive period of time, which we refer to as an Epoch. Each Epoch is 604800 seconds on the Godwoken, Epochs were calculated to 604800 seconds so that each Epoch would equal one week.
1
1661443200
25.6
1536
2
1662048000
12.8
768
3
1662652800
9.6
576
4
1663257600
6.4
384
5
1663862400
5.6
336
6
1664467200
4.8
288
7
1665072000
4.0
240
8
1665676800
3.2
192
9
1666281600
2.8
168
10
1666886400
2.4
144
11
1667491200
1.7
120
12
1668096000
1.6
96
13
1668700800
1.5
90
14
1669305600
1.4
84
15
1669910400
1.3
78
16
1670515200
1.2
72
17
1671120000
1.1
66
18
1671724800
1.0
60
19
1672329600
0.9
54
20-35
1672934400
0.8
48
36+
1682611200
0.4
24
*Listed emissions are spread out across all farms. See the Seed Box for pool-specific emission rates.
Locking Model - Simplified Examples
Below are two simplified examples that show how the locking model works. For the sake of simplicity, the examples assume no reinvestment of unlocked claimed rewards into additional LP positions and that a player earned 100 NDX in rewards during Epoch 1, 50 NDX in Epoch 2 and so on to reflect the reduced NDX emission per Epoch. In both scenarios, 301.6 NDX is earned, but the amount unlocked versus locked is different. This locking model provides users the opportunity to choose a strategy that suits their style and risk appetite.
Illustrative Example A: Rewards earned during each Epoch are claimed during each Epoch (and not reinvested).
10 Epoch Summary:
Total unlocked NDX: 29.8 NDX
Total locked NDX: 271.8 NDX
Total rewards: 301.6 NDX
Lower unlocked NDX over the sample period, but allows for use of and potential recompounding/reinvestment of unlocked NDX during sample period, which could result in more unlocked NDX than not claiming over the same period depending on what you choose to do with such unlocked claimed rewards. The choice is yours!
Epoch
Unlocked at time of claiming
Locked at time of claiming
Example NDX Earned during Epoch
Unlocked Claimed during Epoch
Locked Claimed During Epoch
Unlocked Cumulative
Locked Cumulative
Epoch 1
5%
95%
100.0
5.0
95.0
5.0
95.0
Epoch 2
7%
93%
50.0
3.5
46.5
8.5
141.5
Epoch 3
9%
91%
37.5
3.4
34.1
11.9
175.6
Epoch 4
11%
89%
25.0
2.8
22.3
14.6
197.9
Epoch 5
13%
87%
21.9
2.8
19.0
17.5
216.9
Epoch 6
15%
85%
18.8
2.8
15.9
20.3
232.8
Epoch 7
17%
83%
15.6
2.7
13.0
22.9
245.8
Epoch 8
19%
81%
12.5
2.4
10.1
25.3
255.9
Epoch 9
21%
79%
10.9
2.3
8.6
27.6
264.6
Epoch 10
23%
77%
9.4
2.2
7.2
29.8
271.8
Illustrative Example B: Rewards are not claimed until the end of Epoch 10.
10 Epoch Summary:
Total unlocked NDX: 69.4 NDX
Total locked NDX: 232.2 NDX
Total rewards: 301.6 NDX
Higher unlocked NDX count by the end of sample period, but unable to use or compound unlocked NDX during sample period.
Epoch
Unlocked at time of claiming
Locked at time of claiming
Example NDX Earned during Epoch
Cumulative UNCLAIMED Unlocked
Cumulative UNCLAIMED Locked
Cumulative CLAIMED Unlocked
Cumulative CLAIMED Locked
Epoch 1
5%
95%
100.0
5.0
95.0
0.0
0.0
Epoch 2
7%
93%
50.0
10.5
139.5
0.0
0.0
Epoch 3
9%
91%
37.5
16.9
170.6
0.0
0.0
Epoch 4
11%
89%
25.0
23.4
189.1
0.0
0.0
Epoch 5
13%
87%
21.9
30.5
203.9
0.0
0.0
Epoch 6
15%
85%
18.8
38.0
215.2
0.0
0.0
Epoch 7
17%
83%
15.6
45.7
223.1
0.0
0.0
Epoch 8
19%
81%
12.5
53.4
227.8
0.0
0.0
Epoch 9
21%
79%
10.9
61.4
230.8
0.0
0.0
Epoch 10
23%
77%
9.4
69.4
232.2
69.4
232.2
The unlock of the locked NDX happens after one year of launch.
Staking Deposit and Withdrawal Fees
There are no deposit fees for staking LP tokens in the Farms. To protect against flash loans and pump and dumps, we do implement withdrawal fees for withdrawing staked LP tokens. Each withdrawal resets the fee timer. The withdrawal fees are listed below:
0.01% fee if a user withdraws after 4 Epochs
0.25% fee if a user withdraws after 2 Epochs but before 4 Epochs
0.5% fee if a user withdraws after 5 days but before 2 Epochs
1% fee if a user withdraws under 5 days. *
2% fee if a user withdraws under 3 days. *
4% fee if a user withdraws under 24 hours. *
8% fee if a user withdraws under 1 hour. *
25% slashing fee if a user withdraws during the same block.
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