Earn
Cyberperp aims to maximize earnings and APRs for all holders and liquidity providers.
Staking
Project tokens allow their holders to participate in staking mechanisms.
CYB Token Buyback & Staking Rewards
A total of 30% of trading fees from CyberLP swaps and leverage transactions are used to buy back CYB tokens, creating constant buy pressure on the CYB token. These bought-back CYB tokens are then distributed to stakers of the CYB - IOTA LP.
By staking CYB - IOTA LP, you:
Earn CYB tokens from the buyback mechanism.
Benefit from continuous buy pressure that supports the value of CYB.
This system ensures ongoing rewards and stability for stakers, further incentivizing participation in the CyberLP ecosystem.
Staked CyberLP position gives you rewards as:
Iota rewards
escrowed CYB
Trading fees from leverage transactions are transformed into IOTA token and distributed to stakers of CyberLP pool. As a result, by staking cyberLP, you can earn IOTA. It's important to note that the allocated fees are based on the remaining amount after deducting referral bonuses and keepers' network costs, which usually account for around 1% of the total payments.
Claiming the fees
By claim the fees, the contract will dispatch all your awaiting escrowed CYB incentives and IOTA fees directly to your wallet. You can vest your esCYB whenever you want, with 3 month duration.
Escrowed CYB
Escrowed CYB (esCYB) tokens possess a key role:
Undergoing vesting to transform into actual CYB tokens over a 3-month duration.
Bear in mind that esCYB tokens are intentionally non-transferable. The quantity of CYB or cyberLP needed to vest esCYB is unique to each individual account and restricted to the rewards accumulated by that specific account. It is advised to refrain from acquiring esCYB tokens via marketplaces or over-the-counter (OTC) deals, as vesting them will not be possible.
Vesting
The conversion of Escrowed CYB (esCYB ) tokens into CYB tokens is made possible through a vesting method, which you can find on the Vesting page. As soon as the vesting kicks off, an average number of CYB or cyberLP tokens, employed to earn esCYB rewards, are set aside.
Once the vesting process initiates, esCYB tokens will gradually transform into CYB tokens, with the conversion happening every second, and the entire procedure lasting 90 days. You have the option to claim your converted CYB tokens at any time you prefer.
In case users decide to offload their CYB or cyberLP tokens and later want to vest their esCYB rewards, they'll need to repurchase CYB or cyberLP tokens. The required reserve sum enables the flexible utilization of CYB and esCYB. Depositing into the vesting vault is allowed even when the vesting process is ongoing.
Tokens allocated for vesting are not allowed to be unstaked or sold. To remove the reservation on tokens, click on the "Withdraw" button found on the Vesting page. Since the system doesn't support partial withdrawals, executing a withdrawal action will revoke the reservation on all tokens and suspend the vesting process. Any esCYB tokens vested into CYB tokens will continue to exist as CYB tokens.
Distribution
For staked tokens, rewards are given out every second. Escrow CYB will be allocated to staked CYB-IOTA LP and cyberLP.
Monthly evaluations of the reward rates will be conducted, and adjustments may be made.
CyberLP compound
Compound Mode for CyberLP Pool
We are excited to introduce Compound Mode for the CyberLP pool!
How It Works
Daily Auto-Compounding: Your rewards are automatically collected once a day and used to purchase additional CyberLP. This eliminates the need for manual harvesting and reinvestment.
Increased Value: With this feature, your CyberLP position will grow in value daily, compounding your rewards without any extra effort on your part.
Now, you can enjoy seamless, automated growth of your CyberLP holdings without lifting a finger.
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