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stake OT and selected LP tokens to earn fees
The vision of Onchain Trade is to build a protocol that brings LPs and OT holders real yield in a sustainable way.
Stake USDC to earn fee distribution and vOT reward
50% of perps trading fees are distributed to USDC/ETH stakers.
You need to stake for at least 15 days to become eligible for fee distribution
Unstaking will reset your staked position's staking time to 0
Your reward amount = your staking point / global staking point * totalRewardAmount
The purpose of distributing fees to USDC/ETH is to encouraged long term liquidity provision.
Stake vOT to earn fee distribution and vOT reward
Onchain trade will gradually distributes a large percentage of its revenue to vOT stakers.
Incentive Type | Start time | vOT reward per day | end time |
---|---|---|---|
USDC staking | May 16, 2023 | 8000 | |
Trading | May 16, 2023 | 10000 | |
Borrow | May 16, 2023 | 2000 |
Converting vOT to OT
vOT is rewarded to OT and OSD stakers as well as borrowers, traders and liquidity providers. vOT is non-transferrable and cannot be sold directly on the market, users are able to convert vOT to OT through minimum 15 days and longest 6 months plan:
Minimum 30 days plan: you will receive 50% of OT and can sell on the market
Longest 6 months vesting plan will receive in full amount.
You can choose a vesting duration between 30 days and 6 months(180 days)
You can cancel a vesting plan any time.
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