💰 Staking

Users can select between several different staking options with their MyS tokens on the Magic Yearn platform 🫰

See below for more details:

Emission Staking 🏦

The MyS emission is divided by the number of staking pools - 2 permanent pools are planned:

1. MyS/BUSD Liquidity Pool

2. MyS Treasury

Every myXXX token will receive a minimum of 3 liquidity pools and MyS emissions - one of these pools will be the MyEx/myXXX pool.

Example:

Assume 2 different myXXX tokens (myXXX & myYYY) contain 3 pools, resulting in 8 total pools (6 myXXX pools + 2 permanent pools). With an emission of 1,000,000 tokens per year, every pool receives:

-1,000,000 / 8 per year

=> 125,000 MyS per year per pool are emitted*

If another myXXX token is added to the pool, it will come with 3 more pools that also receive emissions - this means that prior to the token being added, the emission is 1,000,000 per year:

-1,000,000 / 12 per year

=> 90,909.09090909091 MyS per year per pool are emitted*

✳️ The possibility of minting these tokens is theoretical. If a staker withdraws their tokens from a pool before receiving the full multiplier, these emissions will never be minted.

Read more about this process under Staking Periods.