MST Super Staking
Rewarding long-term investment without inflation
The MST Super Staking Pool rewards long-term holders of MST by boosting the value of ETH rewards that they received from the trading platform. Investors who purchase or earn MST are able to stake this in the MST Super Staking Pool and receive a share of the protocol trading fees. In addition investors also receive Multiplier points which are awarded every second at a fixed rate of 100% APR. These Multiplier points can then be used to boost the earnings received from the pool.
MST can be staked in the Super Staking Pool via the 'MST' Console on the Earn Page
Fee Rewards
By staking MST in the Super Staking Pool investors automatically receive a share of the 30% of the platform fees. The share received is dependent on the amount of MST that the user has staked, however this share can be increased by using Multiplier Points. The base rewards are calculated as follows:
FeeRewards = 30% * TotalFeeRewards$ * UserStakedMST / TotalStakedMST
The current ETH rewards APR rate can be viewed by hovering over the APR rate in the 'MST' console on the Earn Page
Multiplier Points
Multiplier Points can only be earned by first staking MST into the MST Super Staking Pool. All MST staked in the pool will automatically be awarded Multiplier Points every second at a fixed rate of 100% APR. This means that if an investor stakes 100 MST in the Super Staking pool for one year they would earn 100 Multiplier Points.
This Multiplier mechanic enables enhanced rewards to be paid to investors without adding inflationary pressure to the MST token.
The current user balance of Multiplier Points can be viewed in the 'Total Rewards' console of the Earn Page.
Multiplier Points are directly linked to the investors average staked balance. This means that if the investor unstakes their MST then a proportion of the Multiplier Points will be burned. The burn will apply to the total amount of Multiplier Points allocated to the account. and can be calculated as follows:
For example, if an investor has earned 500 Multiplier points by holding an average staked balance of 1,000 MST then, if they choose to remove 300 MST from the Super Staking pool then 150 Multiplier Points will be burned. (500 x 300/1000)
How to Benefit From Multiplier Points
Multiplier Points can be used to boost the rewards received from staking MST, however, in order to benefit from the multiplier effect users must first apply the Multiplier to their account. This can be done by pressing the 'Compound' button on the 'Total Rewards' console of the Earn Page. The balance of staked and unstaked Multiplier points can also be viewed here.
Once applied the boost percentage for MST staking will be shown in the 'MST' console of the Earn Page
The 'Boost Percentage' is calculated as a the ratio of the Staked Mulitiplier Points to the total staked balance.
Boost% = 100 * StakedMultiplierPts / TotalMSTStaked
Example
If the ETH rewards that are being distributed from the platform fees are 10% APR and the user has $1000 worth of MST then the base rewards received by the user will be $100 (10% x $1000). However if the user also has 'Boost Percentage' of 20% resulting from their staked Multiplier Points then they will receive an additional $20 (20% x $100). The overall rewards are therefore calculated as follows:
TotalRewards$ = TotalMSTStaked * RewardAPR% * (1 + Boost%)
Unstaking
Investors can withdraw funds from the Super Staking Pool at any time however, before unstaking they should consider this will reduce the number of Multiplier Points allocated to the account and thus reduce the overall investment return by this additional leverage amount.
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