What Is Multiplier
Unistake Multiplier is a token utility that works in conjunction with the liquidity and staking protocols on the Unistake platform. By using Multiplier, users can increase the perceived value of the liquidity they provide in order to maximize staking bonuses.
Multiplier & Bonuses
The amount of staking bonuses received by users using the Unistake platform are calculated based on the amount of liquidity they provide. With Multiplier, users can increase the amount of bonuses they receive by up to 2X on as many liquidity pools as they wish, with only one balance in the multiplier.
How It Works
Approve Pool
The first step to using the Multiplier is to approve the pool which you want to provide liquidity to. This is so the Multiplier contract knows you are planning to join the pool and it can work with the pool contract in order to increase your Staking Bonuses. You need to do this prior to providing liquidity to each pool you join.
Deposit
When you are ready to join a pool you need to deposit UNISTAKE into your Multiplier so it can be put to good use increasing your Staking Bonuses. To get the maximum of 2X you need to have at least 50% of the total value you want to provide into liquidity for your chosen pool. The value in your Multiplier can then be used in the same way for as many pools as you want, without needing to deposit more tokens.
Increase Staking Bonuses
Once you have a pool approved and tokens deposited, you can go ahead and join the pool of your choosing. When doing so, make sure to turn the Multiplier on to get the maximum staking bonuses available. When joining the pool, the staking period you chose will also be transferred over to your the tokens you deposited in Multiplier. This means that if you join a 30 day pool, the balance of UNISTAKE in your Multiplier will also be held in the for the 30 day period. Giving you up to 2X on your staking bonuses the entire time.
Detailed Multiplier Breakdown
Scroll right through the slide show for a step-by-step Multiplier guide.
select the pool you wish to
join from the list on the right
of the app and approve it.
from your chosen pool,
deposit 50% of the value
in UNISTAKE to Multiplier.
to the pool, turn on your
Multiplier to see the extra
bonus it will give you.
Multiplier balance will be
locked for the same period
of time you joined for.
your staking bonuses you
will get upto 2X compared
to if you did not use Multiplier.
your Multiplier can be used
unlimited times for as many
pools as you want to join.
want to join, you need to once
again approve the pool if you
want to use your Multiplier.
be increased if the staking period
you join is longer than your current lock.
With a 2x Multiplier balance the same value as just one of the tokens provided in liquidity the user can double their staking bonuses on all pools they join. If, in the above example, the user had instead only 5K UNISTAKE in the Multiplier, the Staking Bonus increase would result in a 1.5x increase. The maximum increase of any Staking Bonus is capped at 2x.
With a 2x Multiplier balance, the same value as just one of the tokens provided in liquidity the user can double their staking bonuses on all pools they join. If, in the above example, the user had instead only 5K UNISTAKE in the Multiplier, the Staking Bonus increase would result in a 1.5x increase. The maximum increase of any Staking Bonus is capped at 2x.
Increasing UNISTAKE Utility
The Unistake Multiplier greatly increases the utility of the UNISTAKE token, as users wishing to maximise profits via the platform are required to own and lock up UNISTAKE in order to receive increased staking bonuses. This takes tokens off the market for an indefinite period of time due to the fact that the Multiplier balance can be used for unlimited pools. This means that each time a liquidity provider joins a new pool with a longer staking period than their current longest, the tokens in the Multiplier are re-locked for the new period.
Learn more about Unistake
© 2020 Unistake. All Rights Reserved.