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The base reward rate is currently set at 0.1% per day which works out as ~44% APY.
0.1% = 1.001 compounded over a year = 1.001^365 = 1.44025 = ~44% APY.
This rate will be reduced to 10-15% APY in the future to prevent too much inflation.
Every user staking $CRB will be able to harvest rewards every 24 hours at the base APY rate
Users can also Auto-harvest using CHAD!
Every user will be able to boost their APY using a number of methods like charged Canary Reborn NFTs, reward coins, LP participation and holding NFTs from partner projects (there is more information on partner projects here).
Canary Reborn NFTs will need charging to maximise their potential! Apart from allowing a user to vote and earn voting participation rewards, a charged Canary Reborn NFT will offer a 3.5% staking boost. You can stack this % by holding multiple charged Canary Reborn NFTs.
If you have multiple boosts these are stacked (added) not multiplied i.e. 10 x 3.5% = 35% not 1.035 x 1.035 x 1.035 etc
Charging lasts for 90 days and is a soulbound feature meaning if a charged NFT is traded it will be considered uncharged and will need charging again. There is a countdown timer on the Rewards page that shows you when the next expiration is.
The fee for charging a Canary Reborn NFT after the charge expires is 250 $CRB or 500 HP. You can read more about Canary Reborn fees here.
The countdown timer displays the time remaining until your first NFT will run out of charge.
As sufficient liquidity is of paramount importance, liquidity providers with ≥15% of their $CRB in a liquidity pool will receive a 150% boost.
150% boost will be active if this condition is met. You will need to monitor your position if you want to keep the boost active.
Participation in LPs comes with risk of Impermanent Loss (IL). Please educate yourself on IL by chosing a resource to read up on: Here is a handy article from Ledger Academy
There are a few Liquidity Pools to choose from to earn your 150% boost. This is not an exhaustive list and focusses mainly on CRB/WSGB although there are others.
Liquidity providers earn a 0.3% fee on all trades proportional to their share of the pool.
Pro: Earn delegation rewards on your $WSGB
Con: unlisted token, you have to add $CRB as a custom token
Add the $CRB token as a custom token with the following address 0x5369B08B9a5023d6178A1491eE2F44b0B7301Fc9
Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool.
Pro: $CRB is a listed token, no need to add $CRB as a custom token
Pro: Earn delegation rewards on your $WSGB
Con: Slightly lower trade fee earnings than other pools
Liquidity providers earn a 0.3% fee on all trades proportional to their share of the pool.
Pro: $CRB is a listed token, no need to add $CRB as a custom token
Pro: Canary Liquidity Farm enabled on rewards page, meaning Xenos LP stakers can enable the farm and claim additional unstaked $CRB rewards every hour!
Con: Currently no delegation rewards on your $WSGB, but the LP rewards outweigh delegation rewards
Max supply: 200
Price: 30,000 HP (complete 30 harvests) + 5,000 $CRB burn
10% staking boost
Max supply: TBA
Price: 60,000 HP (complete 60 harvests) + own a bronze NFT + 5,000 $CRB burn
20% staking boost
When Silver starts minting, Bronze will stop due to the secure nature of the smart contracts
Max supply: TBA
Price: 90,000 HP (complete 90 harvests) + own a silver NFT + $CRB burn (amount TBC)
50% staking boost
Songbird Explorer | xHaven Marketplace ------COMING SOON
When Gold starts minting, Silver will stop due to the secure nature of the smart contracts
After minting your first Gold, you can choose what to do next. Will you quickly mint a Bronze or hold out for a second Gold?
Number of NFTs needed to achieve the maximum 3.5% boost depends on these projects' total supply.
You can earn up to a maximum of 3.5% with ownership of up to 0.5% of the partner project's supply.
Staking boost will be provided to holders of:
3 NFTs for 3.5% max boost
~1.167% boost per NFT
5 NFTs for 3.5% max boost
0.7% boost per NFT
50 NFTs for 3.5% max boost
0.07% boost per NFT
55 NFTs for 3.5% max boost
~0.064% boost per NFT
In the example below, a user stakes 100,000 $CRB for a year, harvesting every day. They participate in the LP, hold 5 Reborn NFTs and a selection of partner NFTs. Whilst the base APY is 44% they are achieving 117% if they harvest perfectly and unstake at the end of the period. Each user will have a different outcome depending on their strategy, their harvest frequency and their bag of NFTs.
