The term ‘APY’ (Annual Percentage Yield) indicates the rewards that you would receive for a staking duration of one complete year. To calculate the amount of rewards (paid in VVT) that you will receive at the end of the staking period, two factors are considered:
• Staking duration
• The APY
We have prepared some helpful examples to show how we made the calculations and what users can expect in terms of rewards below.
THE STRUCTURE EXAMPLES
10,000 VVT staked in the Bronze Pool for 60 days
The APY is 20%. For purposes of this calculation, 20% of 10,000 = 2,000 VVT
Bronze pool’s duration is 60 days, therefore the APY for the staking period is: (60/360) x 2000 = 333 VVT
This means that if you stake until full maturity (60 days); you will get your initial 10k VVT back, and you will receive 333 VVT in rewards.
100,000 VVT staked in the Silver Pool for 90 days
The APY is 50%. For purposes of this calculation, 50% of 100,000 = 50,000 VVT
Silver pool’s duration is 90 days, therefore the APY for the staking period is: (90/360) x 50,000 = 12,500 VVT
This means that if you stake until full maturity (90 days); you will get your initial 100k VVT back, and you will receive 12,500 VVT in rewards.
Flexible Early Withdrawal
You have the option to withdraw early, stake until full maturity, or withdraw somewhere in between.
However, leaving early comes at a cost: those who leave early will forfeit some of their rewards, which will then be equally distributed among those who staked until the end.
It is strategic; if others unstake early, those who stake until the full maturity date get a share of the ‘unstakers’ rewards. Patience is rewarded.
Limited Time Period
There is only a limited time period in which to contribute to the staking pools (7 days or until the pool is full), the pools themselves are limited in size; so first come, first served.
Each new staking pool may have different structures including size, duration and APY. There may be multiple options in a given month, or there may be just one, it is important to stay engaged with VersoView social channels to stay up to date on upcoming pools and rewards opportunities.
“The 22” Staking Pool
January 1st, 2022
15 Million VVT
The Pumpkin King Pool
October 31st, 2021
5 Million VVT
“The 99” Staking Pool
No minimum amount
5 Million VVT
4 Million VVT
1 Million VVT
3 Million VVT