RealFevr staking Roadmap!

RealFevr is proud to introduce its brand new staking roadmap. In plain terms, RealFevr’s staking pools will be split into five main versions that add extra complexity to the staking products delivered. At the present moment we are in the 1.0 stage, access it here: https://staking.realfevr.com/ .

With additional complexity comes greater risk and more attractive rewards.

Each staking pool will be deployed in different epochs throughout the following months.

To understand why RealFevr chose to build gamified staking pools, let’s dig deeper into staking and what it represents.

What is staking?

In recent years, staking has been one of the preferred token distribution methods from founding teams to the community of token holders.

With the rise of yield farming and liquidity providing (LP) protocols, staking evolved towards a system where users become the primary market makers (MM), and protocol bootstrappers.

Today we will explore the philosophy behind staking, its goals, what different staking strategies can be deployed, and finally, how will FEVR implement its incentive scheme distribution, namely rewards and penalties.

Essentially, staking works as follows:

  1. Participants buy or receive coins.
  2. Participants commit those coins to the validation process or staking contract, aka “stake the coins”.
  3. If participants respect the consensus or contract rules, they are rewarded with inflation; instead, if depositors miss following the rules, their stake is slashed by the protocol or penalized by the contract.

Understanding Staking

“Staking delays gratification.” — Pedro Febrero Head of Blockchain at RealFevr

Proof-of-work was the first distributed consensus algorithm developed by Adam Back, a legendary cryptography researcher and member of the cypherpunk movement since the late 80s. PoW requires that machines compute energy-intensive tasks that spit out easy to verify proofs of work.

Later, in 2012, Sunny King, a South African cryptography expert, developed a way to hash information by putting some coins “at stake”; hence, attackers or malicious agents tried to cheat the system (i.e., double-spend) would be penalized by losing staked coins.

In sum, staking protocols are a system to distribute coins to hodlers. Staking can exist in many shapes and sizes, but the main objective is to reward those who keep the coins staked into the protocol.

The idea is that staking reduces a token’s circulating supply and thus promotes deflationary forces that may increase the price of each remaining token in circulation. In short, the ultimate goal of staking can be described in the below formula.

If you want to better understand the role of PoW and PoS in the cryptocurrency space, we recommend the following paper.

Types of Staking

While staking is a reasonably simple concept, there are alternative ways of staking. We’ve condensed staking into the following strategies:

Penalties, fees and lockups

Even though most staking protocols have implemented a slashing fee that collects malicious actors’ stakes, other protocols created a long-tail distribution of tokens through immediate, delayed gratification and un-staking penalties.

Below we discuss the most common mechanisms that enable positive game theory, in the sense that they incentivize hodlers to stake for as long as possible and always to honour their commitments.

Penalties, fees and lockups are essential in any staking strategy. Without a way to penalize users who fail to comply with the rules of each staking pool, staking becomes a much less effective system in distributing rewards to the right hodlers.

Therefore, we believe that lockups and penalties are a critical component of any successful long-term staking pool since it tweaks the token distribution from high time-preference individuals to low time-preference individuals.

RealFevr staking

“Staking will distribute $FEVR to HODLers” — Fred Antunes, CEO at RealFevr.

As described in the introduction, there are five central staking contracts that RealFevr will deploy. Every staking pool will require depositors to hold at least one video collectible (NFT) and limit the number of stakes per pool per address.

  • Staking 1.0: These pools will contain no fees or penalties, only a fixed lockup. This means that the initial staking pools won’t be flexible. Additionally, users can only deposit FEVR tokens since LP tokens are disabled for tier one pools.
  • Staking 2.0: These pools are flexible, meaning users may choose to pay the penalty to leave the pool before their subscription expires. Whitelists may apply for unique staking pools related to specific NFT Pack drops. Additionally, Staking 2.0 pools will accept FEVR and LP tokens (BNB/FEVR; ETH/FEVR). LP tokens are calculated by multiplying the square root of the two token pairs.
  • Staking 3.0: These pools are similar to the Staking 2.0 pools, with the significant difference that depositors receive a token (sFEVR) that represents the initial FEVR staked coins. To claim the final reward, sFEVR is burned porportionally to the initial stake. Depositors may use sFEVR tokens to acquire packs of video collectibles on each drop.
  • Staking 4.0: These pools are similar to the Staking 3.0 pools, with the exception that to access them, participants must deposit sFEVR tokens instead of $FEVR.
  • Staking 5.0: These pools are similar to the Staking 4.0 pools, with the significant difference that there will be a specific number of NFTs required to join the pools (which may be composed of FEVR and sFEVR tokens).

Whitelist Pools — NFT Pack Drops

While most staking pools will be opened to all participants, as long as they possess the correct number of collectibles and FEVR, there will be singular staking pools reserved for special drops’ participants.

This means that collectors who believe in the project and acquire packs from specific NFT drops, as Clubs Launchpad drops, will be rewarded with exclusive staking pools that pay a higher APR than traditional pools.

sFEVR (staking 3.0 onwards)

One of the unique aspects of RealFevr’s staking is the distribution of ERC20s, namely sFEVR tokens, to all staking pool depositors.

By giving depositors an ERC20 that matches their initial deposit, users can spend their stakes in the RealFevr ecosystem, adjacent to FEVR.

Each new staking deposit creates sFEVR, and each un-staking event (or withdrawal) burns sFEVR.

As an example, let’s imagine a depositor stakes 100,000 FEVR. In return, the depositor will receive 100,000 sFEVR. To un-stake the original stake + inflation rewards, depositors will burn their sFEVR. If the sFEVR tokens have been spent, the stake will become unlockable.

Depositors may claim the porportion of sFEVR they hold. Using the example above, if a depositor spends 50,000 sFEVR (or 50% of the total sFEVR received), he/she may claim up to 50% of the final stake.

With tradeable staked coins (sFEVR), RealFevr can create pools that always reward a higher APR, but require stakers to deposit sFEVR. This means that RealFevr will deploy gamified staking pools where participants continuously climb the APR ladder by depositing sFEVR tokens (sFEVR1, sFEVR2, sFEVR3, etc).

The utility of sFEVR can be summed up as follows:

  • Purchase packs of collectibles
  • Subscription pool access to packs of collectibles,
  • Special Staking drops,
  • Participate in high-yield pools for sFEVR tokens only,
  • Participate in P2E games for sFEVR tokens only.

Our goal is to create an incentive for users to stake their coins and use their stakes in the FEVR ecosystem.

Conclusion

RealFevr is developing a staking ecosystem that will benefit depositors who invest the most and remain for the longest time.

Our goal is to distribute FEVR to those who show commitment because long-term hodlers will be the primary driver for FEVR’s price appreciation and ecosystem growth.

We’re counting on you! Let’s take staking to a whole new level.

About RealFevr

RealFevr is a company established in 2015 in the fantasy markets with a football fantasy leagues game that currently has over 2 Million downloads on App and Play Store. With the fantasy leagues concept proven now RealFevr is expanding to be the leader of the NFT Market by launching the first-ever Football Video NFTs Marketplace, fully backed by IP. NFTs will also be integrated into a new Football NFT P2E Game that’s currently under development

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