Token Boost
Boosting Tokens - Multiplying Rewards
Last updated
Boosting Tokens - Multiplying Rewards
Last updated
In addition to staking tokens, users have the option to boost them to earn additional rewards paid in CHI. When users boost their LP tokens, they are essentially locking their position for a set period. The concept is straightforward: the longer the selected boost period, the greater the reward multiplier.
Currently, the available boosting contracts include the following options:
Boosted wstUSC
Boosted Staked CHI/ETH LP and USC/ETH LP
It's important to highlight that users continue to receive the underlying staking rewards from their positions, along with the additional CHI incentives.
For example, when boosting wstUSC, users still earn the base USC rewards from staking, and on top of that, they also receive extra CHI incentives from boosting.
The boost time multiplier determines the increase in the user's extra CHI incentives. The longer the boost period and the larger the amount of tokens boosted relative to the total, the greater the boost on the CHI rewards.
All time periods are measured in weeks, and the time parameters are as follows:
Minimum Boost Time: 1 week
Maximum Boost Time: 1 year
For example, if a user boosts their tokens for half a year, the time multiplier component is calculated as follows:
Boost Period: 26 weeks (1/2 of a year)
Time Boost: (26/ 52) * 1x = 0.5x
This means the user's boost multiplier will be 0.5x for this period ( + 50% extra incentives).