🚜Staking Pools
This section will run through the MBXN staking and farming options and how to take part should you wish to do so.
The video bellow was about the UBXN staking pools. This video is still valid for the MBXN staking pools.
1. How does Staking work?
Staking will allow users to deposit MBXN tokens, or LP-Pancake tokens directly on the interface in order to receive a reward. Everything happens in the blockchain, via Smart-Contracts.
These rewards are distributed to each block on BSC and distributed among all participants. The APY is variable and will depend on the total amount of MBXN staked on the pools. The same reward is given at every blocks, and spread between all the stakers.
You can stake on UpBots and withdraw on SuperBots, or the contrary. The Smart Contract is the same and can be reached on both interface.
New with Pool 3.0 (current staking pools) You have now the possibility to lock your tokens for a fixed period. By doing so, you increase your APY up to x3.88 for a period of 24 months. In addition, you can stake and add tokens without resetting the lock period. A new APY will be calculated based on the remaining duration of the lock period.The Staking pools can be found in the dedicated page by going on the menu and clicking on "STAKING"
2. How does Staking work?
Staking will allow users to deposit MBXN tokens or LP-Cake tokens directly on the interface in order to receive a reward. Everything happens in the blockchain, via Smart-Contracts.
These rewards are distributed to each block on BSC and distributed among all participants. At each block, the same fixed reward will be distributed, regardless of the total stored in the Smart Contract.
Pool 1 - MBXN Staking (BEP20)
Stake MBXN and receive MBXN APY : variable, locking period up to 24months for x3,88 increase of shares
Fees : deposit 0%, Withdrawal 0,3%
Pool 2 - LP from Pancake (BEP20)
Stake LP token from PancakeSwap and receive MBXN APY : variable, no locking. Fees : deposit 0%, Withdrawal 0,3%
3. Locking Period explained
Here are some more details regarding the new locked MBXN staking pool, answering the community’s questions regarding how it works. THIS DOESN'T APPLY FOR PANCAKESWAP Staking Pools.
The new locked pool is similar to a classic staking pool, but it introduces a new locking mechanism, which can increase your pool "share". The longer you lock your tokens, the higher the reward and the APY. But you won't be able to withdraw your capital before the end of the locking period!
Here is a simple example on how it works
If you deposit 1,000 MBXN tokens and choose a locking period of 1 month, your deposit will be worth 1,000 pool "shares". If there are a total of 100,000 pool shares in the staking pool, the user will receive 1% of the reward allocation if nothing else changes.
If you deposit the same 1,000 MBXN tokens and choose a locking period of 2 years, your deposit will be worth 3,760 pool "shares". If there are a total of 100,000 pool shares in the staking pool, the user will receive 3.76% of the reward allocation if nothing else changes.
However, a higher multiplier does not necessarily mean a 3.76x increase on your reward amount. If many users lock their tokens for longer periods, the percentage change on the APY will be smaller. The same mechanism is used for the veCRV locking mechanism on the Curve platform. A longer locking period will always grant you a bigger reward amount, but not necessarily in the same percentage as the increase in your pool share amount. Users can add tokens to their stake at any time, even if it is locked, without the lock period restarting. The APY will be recalculated pro-rata to the amounts and deposit periods.4. How to read the Staking pool info?
That represent your deposit on the staking pool. If you never deposited MBXN in the pool, it will show 0.
That's the locking period. You will see there when your capital will be unlocked and and may be withdrawn. It is not possible to withdraw the deposit before the end of the locking period.
The multiplier is linked to the duration of the locking period and will multiply your reward. The higher the duration, the higher the multiplier.
This represent the MBXN you already earned. You can withdraw them whenever you want.
To stake more tokens.
This will allow you to extend the duration of the locking period and increase your multiplier.
To withdraw your MBXN staked when it's unlocked.
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