🎖️Staking Milestones
Bringing utility through staking
Staking milestones
These staking milestones are designed in an easy-to-attain to hard-to-attain way.
Staking milestones are cumulative, meaning that if you attain a higher one, you still benefit from the other ones on the way.
The Lara Protocol tracks staking in real-time, meaning that if you increase your staked LARA tokens and hit additional milestones, they will instantly contribute to your commission discounts.
The same is true the other way around. If you unstake your LARA tokens, your commission discounts are revoked in real-time.
Milestone 1: 1M LARA staked
Every Lara Protocol user who has 1M LARA staked is getting an additional 1% commission discount.
Milestone 2: 2.5M LARA staked
Every Lara Protocol user who has 2.5M LARA staked is getting an additional 1% commission discount.
Milestone 3: 5M LARA staked
Every Lara Protocol user who has 5M LARA staked is getting an additional 1% commission discount.
Milestone 4: 10M LARA staked
Every Lara Protocol user who has 10M LARA staked is getting an additional 1% commission discount.
Milestone 5: 25M LARA staked
Every Lara Protocol user who has 25M LARA staked is getting an additional 1% commission discount.
Every Lara Protocol user who has 25M LARA staked is getting an additional 1% commission discount. In addition, they can create validator oracles and take a % of the total yield generated by users. This is a draft and will be voted on by the community.
Example: Adam has 10M TARA staked in the Lara Protocol, 1M LARA in his wallet and 6.3M LARA staked. This would mean that:
instead of the 10% base commission, Adam's commission is 7%.
Adam's voting power equals 7.3M LARA: the sum he staked + the LARA in his wallet.
Adam makes 13% yield on his 6.3M LARA staked. This nets him an additional
820 000 LARAtokens on a yearly basis.
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