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.

Rules

  1. 2 days as a reward period currently.
  2. The rewards will be evenly allocated to each block during this period.
  3. 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.
  4. You can only unstake the sHCT you get earlier from staking to get HCT.

!WARNING!

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

  1. A will still be able to get the WAVAX rewards for the 100 sHCT;
  2. B WILL NOT get WAVAX rewards for the 100 sHCT and CANNOT unstake the 100 sHCT to get HCT.

Example

Assumptions:

(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:

The number in each block means the cumulative quantity of (HCT staked for sHCT — sHCT unstaked for HCT) from the beginning to this block.

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