Posts

First reward pool for Diesel Pools are going live. it's the BEE:HBD pool

avatar of @aggroed
25
@aggroed
·
0 views
·
2 min read

Let's do this! We're getting rewards out for BEE staking. First one is with HBD. Technically the rewards start tomorrow at around 3am.

We added 800k of BEE inflation per year.

That feeds into the BEE Decentralized Token Fund.

People who own BEE and have it staked can create distribution contracts, and then write proposals to fund those contracts.

If they are voted the DAO will reward BEE into the distribution contract and anyone that's providing liquidity will get rewards.

For the funds that I'm creating-

The payout is over 365 days. So, when money enters 1/365 will be rewarded daily. So, it'll take a little time for the value of these to go up.

I'm also copying an idea that @yabapmatt used when creating DEC liquidity pools. There's bonuses to your staking depending on how long you've been staking. Every day for up to 100 days you get 1% bonus. So, if you're staking for 100 days or longer it's counting your stake twice for the purpose of calculating rewards.

So, don't just stake, but stake for 100 days and see that you get more rewards than the new stakers.

WORKERBEE

For BEE rewards pools I'll personally be voting against anyone that's trying to create pools that don't support BEE:X pools. The majority of what we do should be supporting BEE rewards for BEE staking.

That said, there's a smaller pool with 200k BEE/yr of inflation that's handled by WORKERBEE owners. You guys can create contracts and now fund up to 200k BEE/YR. The governance token for voting now is WORKERBEE. So, buy and stake WORKERBEE and you have a say in how 200k BEE/YR are allocated.

So, one option here is HIVE:WAX. That's a great pool and one that will help us grow. It doesn't help BEE owners, but it's great for the whole exchange. Here's hoping pools that aren't BEE based will be supported by the WORKERBEE community.