Prime staking
Governance > IDLE staking > Prime staking
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Governance > IDLE staking > Prime staking
Last updated
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With the Prime Staking program, IDLE tokeholders can benefit from a performance fee discount by staking their IDLE and further enhance their yields.
For an overview of the fees applied to the Idle's product, please refer to the .
This strategic initiative offers a dual advantage. Liquidity providers, integral to the protocol’s revenue stream, will have the opportunity to benefit from a fee discount. At the same time, IDLE token holders will benefit from an enhanced utility for their tokens within the Idle ecosystem, potentially catalyzing heightened demand and an augmented volume of locked IDLE tokens.
This convergence of efforts aligns the objectives of diverse stakeholders in the long term and has the potential to cultivate a more dynamic and robust governance framework.
Users should have the staked IDLE in the same wallet that they use to deposit in the Idle pools.
Leagues will manually distribute the discount in the form of the underlying LP tokens of the pool once a month using a dedicated dashboard for the actual matching of stkIDLE and deposits with the relative fee generated and the fee discounts. The process of discount distribution will be then automated letting users receive the discount directly in their wallet.
This methodology allows depositors to increase their locking period over time to maintain the discount tiers of interest.
Users can increase their stkIDLE balance by both staking more IDLE into their existing lock and by increasing their lock end date.
The fee discount is available for the stakers.
Other beneficiaries, such as the depositors in the or the ones in the may be added in the future conditional to the DAO approval.
I
10,000
4 years
10,000
5%
14.25%
II
25,000
4 years
25,000
10%
13.50%
III
50,000
4 years
50,000
20%
12.00%
IV
100,000
4 years
100,000
30%
10.50%
V
150,000
4 years
150,000
40%
9.00%
VI
250,000
4 years
250,000
50%
7.50%
This summary table assumes that the IDLE tokens are staked for the longest length available, i.e. 4 years.
stkIDLE linearly decreases from the lockup date to the end date. The maximum locking period is 4 years.
Shorter staking periods will affect the discount applied. Following the amounts presented in the Tiers summary table above, a locking of 2 years will make T1 not applicable. Similarly, a locking of 1 year will make T1 and T2 not applicable and so on.