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Vine Money
  • Introducing Vine Money
  • Introduction
    • Underlying Tech
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  • Governance
    • The VINE Token
    • Staking Weight
    • Rewards Boost
    • Rewards Voting
    • Revenue Share
    • DAO Governance
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  • Understanding Rewards Boost
  • Boost Calculation Mechanism
  • Boost Delegation and Technical Aspects
  1. Governance

Rewards Boost

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Last updated 1 year ago

Vine Money incorporates a rewards boost system, designed to amplify rewards for users actively participating in the platform’s governance through VINE token staking. This mechanism plays a significant role in incentivizing long-term commitment and active engagement in the ecosystem.

Understanding Rewards Boost

  • Eligibility for Boost: Users who have staked and locked their VINE tokens as veVINE gain a lock weight that makes them eligible for enhanced emissions.

  • Boost Calculation: The boost is essentially a multiplier on the rewards that users can claim, based on the proportion of their locked veVINE weight.

  • Claiming Rewards: At launch, rewards are locked for 26 weeks, reducing by one every two weeks, reaching 0 one year after launch. Users may pay a withdrawal fee to exit their locks early.

Boost Calculation Mechanism

  • Calculating Rewards Boost: The maximum boost multiplier is typically set at 2x, meaning a user can earn rewards at double the rate of an un-boosted user.

User Boost Rate=min⁡(User’s Locked VINE WeightTotal Locked VINE Weight,1)×Boost Multiplier\text{User Boost Rate} = \min\left(\frac{\text{User’s Locked VINE Weight}}{\text{Total Locked VINE Weight}}, 1\right) \times \text{Boost Multiplier}User Boost Rate=min(Total Locked VINE WeightUser’s Locked VINE Weight​,1)×Boost Multiplier

  • Decay of Boost Rate: As a user's weekly claims exceed the amount permissible under maximum boost, the rate decays linearly from the maximum multiplier to 1x.

  • Recalculation: Boost rates are recalculated at the start of each week, refreshing the user’s potential to earn maximum rewards based on their updated lock weight.

Boost Delegation and Technical Aspects

  • Delegation of Boost: Users with significant lock weight can delegate their boost capability to others, setting a fee structure for the use of their boost. This delegation can involve complex mechanics like callbacks for additional functionalities.

  • Technical Considerations: The boost system is designed to maximize the distribution of rewards, and undistributed rewards due to reduced boost rates are returned to the unallocated token supply for future distribution and a more sustainable emissions structure.