Mu Ore Staked $MUOS
Basically a certificate of deposit of Mu Ore $MUO
Mu Ore Staked $MUOS serves basically as a certificate of deposit of Mu Ore $MUO. Mu Ore $MUO holders can choose to stake their Mu Ore $MUO to be able to earn additional rewards and distributions and to also increase the weight of their votes in the MU DAO.
Participants can stake their Mu Ore $MUO and receive Mu Ore Staked $MUOS in the following staking terms.
- 7 days (604800 seconds or UNIX epochs )
- 30 days (2592000 seconds or UNIX epochs)
- 90 days (7776000 seconds or UNIX epochs)
- 365 days (31540000 seconds or UNIX epochs)
- End of time. The end of time represents the end of the current liquidity lock which is 1/1/2028 (UNIX epoch 1830297601)
Stakers will not be able to chose end of time staking after 12/28/2027. This date may move up (come sooner) but will not come any later. The last date stakers can choose end of time staking will be maximum 1/28/2027
Stakers get a reward/voting multiple for staking according to their staking term. The multiple increases the amount of rewards/distributions they may receive and increase the weight of their vote in the MU DAO. The multiple is as follows according to the staking terms
- 7 days - 1.5x multiple
- 30 days - 7x multiple
- 90 days - 25x multiple
- 365 days - 125x multiple
- End Of Time - Multiple is calculated by the following function **function being created
EXAMPLE END OF TIME MULTIPLE - Consider you chose end of time staking on Tuesday, March 5, 2024 10:03:44 AM GMT (which is UNIX epoch 1709633024) function being created
Consider the following participants
- 1.Participant 1 - holds 3 Mu Ore $MUO but has not staked it
- 2.Participant 2 - held 2 Mu Ore $MUO and staked it for 7 days (has 2 $MUOS)
- 3.Participant 3 - held 2 Mu Ore $MUO and staked it for 30 days (has 2 $MUOS)
- 4.Participant 4 - held 1 Mu Ore $MUO and staked it for 90 days (has 1 $MUOS)
- 5.Participant 5 - held 1 Mu Ore $MUO and staked it for 365 days (has 1 $MUOS)
Now consider we ran a software sale offer and generated 1,000 Mu Gold $MUG in revenue that will be distributed to Mu Ore $MUO holders. The calculation would be as follows based on the information above and the multiples of each.
- 1.Participant 1 has 3 shares
- 2.Participant 2 has 4 shares
- 3.Participant 3 has 14 shares
- 4.Participant 4 has 25 shares
- 5.Participant 5 has 125 shares
This makes for a total of 171 shares. The 1,000 Mu Gold $MUG is cut up into 171 shares and distributed accordingly. Each share is worth 5.847 Mu Gold $MUG in this example. The participants would receive the following rewards payout from the offer.
- 1.Participant 1 receives 17.514 Mu Gold $MUG
- 2.Participant 2 receives 23.338 Mu Gold $MUG
- 3.Participant 3 receives 81.858 Mu Gold $MUG
- 4.Participant 4 receives 146.175 Mu Gold $MUG
- 5.Participant 5 receives 730.875 Mu Gold $MUG
Notice that participant 1 had the most Mu Ore but received the lowest amount of payout and participants 4 and 5 had the lowest amount of Mu Ore and received the highest payouts due to staking. Although participants 4 and 5 had the same amount of Mu Ore, participant 5 received much more Mu Gold as payout due to staking for a much longer terms.
It would be similar with voting in the MU DAO. Instead of shares you can substitute the weight of each participants vote where participant 1's vote would have the least amount of weight and participant 5's vote would have the highest weight. Participant 5 could out vote all other 4 participants due to having staked the longest and having the longest investment interest in the MU DAO.
The Mu Ore Staking $MUOS contract is not live yet. It is still in development. Currently rewards are being calculated simply by holding Mu Ore $MUO with no multiplier. Your shares are the amount of Mu Ore $MUO you are holding.