Introducing to sHCT
sHCT is another staking mechanism similar to xHCT. You can stake your HCT to get sHCT and share a reward of 0.1% of all trades with xHCT. The initial reward ratio of sHCT and xHCT is 1:1, and the ratio will be determined by the staking amount of sHCT and xHCT later.
Unlike the ratio of xHCT/HCT that will keep increasing, the ratio of sHCT/HCT will constantly be 1:1.
Besides the WAVAX rewards, you can also deposit sHCT in “Earn-Pool” to receive the HCT yield farming reward.
- 2 days as a reward period currently.
- The rewards will be evenly allocated to each block during this period.
- The rewards for each block will be allocated to users according to the proportion of the cumulative quantity of (HCT staked for sHCT — sHCT unstaked for HCT) from the beginning to this block.
- You can only unstake the sHCT you get earlier from staking to get HCT.
DO NOT transfer your sHCT to others or buy sHCT from others!!!
If User A staked 100 HCT and got 100 sHCT, and transferred the 100 sHCT to User B, then
- A will still be able to get the WAVAX rewards for the 100 sHCT;
- B WILL NOT get WAVAX rewards for the 100 sHCT and CANNOT unstake the 100 sHCT to get HCT.
(1) There are 5 blocks in a period.
(2) The total rewards for this period are 100 WAVAX.
(3) Only 3 users (A, B & C) participate in sHCT.
So the reward for each block = 100/5=20 WAVAX, and the rewards for each user are as follows: