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๐ŸŽ–๏ธStaking Milestones

Bringing utility through staking

Staking milestones

These staking milestones are designed in an easy-to-attain to hard-to-attain 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.

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.

๐Ÿ”œ Milestone 6: 50M LARA staked - coming soon

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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