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Multiplier Points
Multiplier Points reward long term holders without inflation.
When holders stake $KTC, they receive Multiplier Points every second at a fixed rate of 50% APR.
1000 $KTC tokens staked for one year would yield 500 Multiplier Points.
Multiplier points can be staked for fee rewards by using the "Compound" button on the Earn page, each multiplier point will earn the same amount of $BNB rewards as a regular $KTC token. In this regard, Multiplier Points are similar to staked $esKTC, allowing long term holders to receive more $BNB rewards.
To utilise the Multiplier Points, users have to ensure that $KTC and $esKTC are staked. When $KTC or $esKTC tokens are unstaked, the proportional amount of Multiplier Points are burnt.
📝 Example:
In the scenario where 1000 $KTC is staked and 200 Multiplier Points have been earned so far, then unstaking 500 $KTC would burn 100 Multiplier Points.
The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.
The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points.
For example, if the $BNB APR is 10% and you have $10,000 worth of $KTC and $esKTC, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of $KTC and $esKTC, your "Boost Percentage" would display as 20%, and you would get an extra $200 of $BNB rewards per year.
The “Boost Percentage” is calculated from the ratio of Multiplier Points to your total amount of staked $KTC:
Boost Percentage = 100 * (Multiplier Points) / (Staked $KTC + Staked $esKTC)
Last modified 7d ago