Staking

Once users have purchased PLP tokens, they must stake them to receive both PLP fee rewards (USDT) and esPIKO rewards. However, if users do not stake their PLP tokens, they will only receive fee (USDT) rewards. Staked PLP tokens can be unstaked at any time.

Boost Logic

The APR Boost is determined by taking into account both the user's personal PID level and the inviter's PID level, with a maximum boost of 3x.

Calculation Formula

1. Multiple = max(user's personal PID level, inviter's PID level) if the PID creation time is less than 7 days 1.2. Multiple = user's personal PID level if the PID creation time is greater than or equal to 7 days

Mathematical Representation

mathematica

    | PID Rank | Multiple |
    | -------- | -------- |
    | F        | 1.0x     |
    | E        | 1.2x     |
    | D        | 1.4x     |
    | C        | 1.6x     |
    | B        | 1.8x     |
    | A        | 2.0x     |
    | S        | 2.3x     |
    | SS       | 2.6x     |
    | SS       | 3.0x     |

2. PLP Share = PLP staked amount * Multiple, where reward distribution is based on the total PLP share (fees + esPIKO)

3. Reward = Individual PLP Share / Total PLP Share After you've minted a PID, your PLP stake's APR will receive a boost. This boost will be calculated based on the highest PID ranking between you and your inviter during the first 7 days. After this initial 7-day period, the boost to your APR will be determined solely based on your own PID ranking.

Claim Rebate Logic

When a user claims rewards, they receive an esPIKO quota bonus based on the inviter's rebate percentage. For example, if a user claims 100 esPIKO and the inviter's rebate percentage is 20%, the user will receive an additional quota of 20 esPIKO.

Users can deposit corresponding PLP assets, but PLP will only generate fee income. To receive esPIKO rewards, users must stake PLP. Staking has no lock-up period, allowing for withdrawals at any time

The $esPIKO token has an 30 days linear vesting period.