How EStake Algorithm Works
Price Based Elasticity
The calculation of the wallet balance is linked to the Ethereum basket
Target Price = Current Ethereum Price/N
APY = (current price – target price) * wallet balance / ( target price * lag factor).
For example, if a user has 1000 EStake, ETH price is 400 and value of N is also 400
At a current price of $1.50 and lag factor 50, the updated wallet balance would be adjusted by:
(1.50 – 1) * 1000 / (1 * 50) = 10
The new wallet balance would be: 1010 EStake.
Holding Based Elasticity
Holders will get additional rewards as per their days of holding
Suppose a Wallet user is holding EStake Tokens for a certain number of days.
The APY(Annuliased Percentage Yield) will be boosted as follows:
Why Choose Elastic Stake?
|Ownership of tokens|
|Flexible maturity period|
|Smart Contract inbuilt staking|
|Holder’s additional APY growth|
|Automatic restaking of rewards|