Jacuzzis 🏄♀️
Jacuzzis are our single-sided pools, where people can stake $PARTY tokens to earn more $PARTYs!
Last updated
Jacuzzis are our single-sided pools, where people can stake $PARTY tokens to earn more $PARTYs!
Last updated
The Jacuzzi is our single-sided pool, where people can stake their $PARTY tokens to get even more coins over time. Right now, users can stake $PARTY to get even more $PARTY, but in the future, we might implement other coins as rewards.
To make it easier to understand: every moment we inject our daily incentives into the Jacuzzi, more $PARTY tokens will be distributed among our Jacuzzi stakeholders. However, we will develop different applications in the future that will bring more $PARTY tokens into the Jacuzzi, increasing the ratio between $PARTY and xPARTY We will provide more information about these applications in the future.
Our team will provide 32,900 $PARTYs per day for our Jacuzzi, which will halve every six months. As we explained before, we will take these tokens from the Liquidity Mining allocation, totalizing 20,625,000 $PARTY tokens.
However, our system has different rules. In our case, the penalty will decrease by around ~1.5% every month until it reaches 2%, for the next twelve months after our platform release. Here is a calendar with the timeline of each percentage drop. It is also important to mention that the penalty fees will get burned, so the total supply decreases every time a user leaves the pool.
Like the Nests on , the Jacuzzi will let users inject $PARTYs to get xPARTYs. These xPARTY tokens are our Jacuzzi LP Tokens that are projected to increase in value against $PARTY over time, bringing more rewards to our users by the moment they decide to get out of the pool.
As we mentioned in our article, 30% of our Liquidity Mining coins will be used as incentives for the Jacuzzi. That means our team will daily inject more $PARTY tokens into the pool to increase the ratio between $PARTY and xPARTY.
Our Jacuzzi will also have the famous "Paper Hands Penalty" (PHP) introduced by , which will sanction the users that stake off early. This system will incentivize users to stake longer, steadily increasing and maintaining the ratio between $PARTY and xPARTY.
