Stakbank: STAK Rewards — Pool & Farm
By: Team Jigstack
Tags: Liquidity Provider, Stakbank, Defi, Jigstack, Staking

Jigstack will soon be offering reward incentives for LP’s and the STAK pool (End of July)

It’s been almost 3 months since the STAK IDO on Lemonade finished and the creation of the STAK-ETH liquidity pool on Uniswap was announced. With the addition of Stakbank, introducing a staking solution for STAK holders and STAK-ETH LP tokens, we will soon be introducing 2 new Stakbank reward programs for STAK staking and STAK-ETH LP token staking.

There will be over 60,000 STAK allocated per day for our rewards programs (12 months). We have integrated functionality that allows users to auto compound their STAK rewards to further increase farming yields.

STAK holders will be able to get rewards from the whole Jigstack ecosystem thanks to Stakbank, invest in Seed, Private and Public sales in new amazing projects on Lemonade, collect fantastic NFT’s in The Gallery, spread the word to millions of users thanks to affiliate marketing solution Ethlink. And this can all be accessible through the JigStack Wallet, utilizing the privacy of Milkshake and quickly and easily inviting anyone in the crypto world thanks to Santa.

Any $STAK owner who shares our long-term vision should have all the benefits of Jigstack clear in their mind:

⚡️ Initial rewards upon launch of Stakbank

⚡️ Additional rewards from tokenomics to be integrated (if needed)

⚡️Stake on Stakbank and receive jSTAK for exclusive benefits across the entire Jigstack ecosystem

⚡️80% of Jigstack ecosystem fees (+20% burned🔥)

⚡️Lemonade token distribution (Crops section)

⚡️And other benefits that will be developed for each product.

Overview

There will be a total of 3.2% of the total supply of STAK allocated for LP and staking incentives. We will be distributing 0.757% out of the available 3.2% as followed:

0.575% for STAK STAKING * year 1 = 17,500,000 STAK

* year 1 = 17,500,000 STAK 0.2% for LP REWARDS** = 6,000,000 STAK

*base rewards (not including Jigstack income sharing through Stakbank) — (12-month pool)

**STAK-ETH UniswapV2 LP rewards — (60-day pool)

NOTE: Rewards are distributed per block. Users can claim their STAK or can decide to compound their rewards at their own discretion.

After the above farming is completed we will still have 2.425% of tokens, 72,750,000STAK, available for future rewards.

Stakbank — POOL REWARDS

The first STAK pool on Stakbank will have a hard deadline of 12 months, with a base allocation of 17,500,000 STAK. The base reward is taken out completely from the tokenomics, so it isn’t dependent on revenue fees across the Jigstack ecosystem. Therefore, smart contracts have a function that recalculates rewards based on deposits we make and all yields presented here are just a base — practical yields are going to be higher.

We’re free to deposit more rewards (either from ecosystem fees, tokenomics, or any other source) anytime we want and notify the community about that.

N OTE: This pool will have longevity rewards. Read about Longevity Rewards HERE

Stakbank — FARM REWARDS

The first LP incentives pool on Stakbank will be based on STAK-ETH UniswapV2 LPs, with a total duration of 60 days.

It’s better to use a tighter duration since this is our first run on LP incentives and we can open other pools in the future with lower/higher allocation, new LP pairs such as STAK-USDC, new DEXes such as 1inch or Sushiswap, or even UniswapV3 LPs that will become increasingly relevant as user adoption increases on their platform.

Its functionality is very simple: the LP pool will have a set allocation of 6,000,000 STAK distributed proportionally during the period. This averages 100,000 STAK per day.

Inside the smart contract, rewards are calculated every second, and user distribution follows a simple weighted average corresponding to the share of the pool a user has at the time.

Example:

User 1: 10 LPs

User 2: 15 LPs

User 3: 25 LPs

If they all withdraw their daily rewards at the same DateTime, their rewards would be:

User 1: 20,000 STAK

User 2: 30,000 STAK

User 3: 50,000 STAK

How to start earning LP rewards

To start earning LP rewards, deposit an equal value amount of STAK and ETH into the STAK-ETH pool on UNISWAP. After depositing, you will receive STAK-ETH LP tokens. Deposit your STAK-ETH LP tokens into the STAK-ETH farm within Stakbank.

Read our liquidity providing tutorial here

Withdraw — Collect — Compound

Withdraw

On withdrawals, users are removing stakes from the pool and their multipliers are reset. So users need to leave their funds untouched if they want to receive the full longevity reward multipliers.

Collect

When users collect their rewards, instead of withdrawing the entire position, they can compound as they wish without penalties. Users are also able to collect rewards anytime they want, just keeping in mind gas fees.

Direct Compound

We have implemented a simple compound function that allows users to auto-compound their rewards into their initial position allowing for a greater interest return over time. This is great for users who want to stake their STAK for a long time and grow their initial position.

This also saves the users on gas fees, caused by a transaction, as the rewards do not need to be manually claimed and re-deposited.

How to start earning STAK rewards

To start earning STAK rewards, buy some STAK from our STAK-ETH liquidity pool held on Uniswap, and then deposit it into the STAK staking section within Stakbank.

Other places to buy STAK

https://hitbtc.com/stak-to-btc

https://exchange.bitcoin.com/

Stakbank — Other Rewards

In addition to the rewards program we have implemented, 1% of all tokens launched on Lemonade + 1% of all fees from each product under the Jigstack DAO is collected and distributed to STAK stakers on Stakbank.

We also have a Longevity Factor (LF) integrated with Stakbank that offers stakers more protocol functionality the longer STAK is staked. The LF provides users with more utility when interacting with our products and offers more rewards as each month passes. For example, the Tier System integrated with Lemonade allows users to invest in earlier investment rounds the longer STAK is staked within Stakbank.

Stakbank allows you to generate revenue from the entire Jigstack ecosystem. Every new token launch, every product launch, and any new areas to generate revenue will directly benefit our holders.

About Stakbank:

Stakbank is the staking solution for Jigstack’s native token, STAK.

Token holders will receive revenue generated by all protocols under the JigStack DAO umbrella, and they can stake tokens at the same time.

Rewards issued by Stakbank can differ significantly. It is possible for partners tapping into this technology to issue their ERC20 tokens as a reward. Even adding ETH as a reward is not out of the question.

Read more about Stakbank here

About Jigstack

Jigstack’s vision is to bring back wholeness, simplicity, and understanding to the users. The Jigstack protocol aims to do this by developing a suite of productive flagship DeFi products that are all governed under a single Decentralized Autonomous Organization (DAO).

Jigstack is positioned as the DAO of DeFi. The platform is the “One Stop Shop” for everything DeFi, and on top of that, it offers an interactive and interesting interface for users thereby allowing them to easily understand each product and how to interact with it, thus gaining exposure to the DeFi ecosystem in a safe and effective manner.

Read more about Jigstack here

Stay Tuned Jigstack:

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