ICOSA Tokenomics
HSI Buy-Back
The ICOSA protocol will buy any and all HSI NFT’s created by the Hedron protocol at a rate determined by it’s Borrowable amount of HDRN and the HEX Share Rate at the time of sale. These HSI’s are then Detokenized and Borrowed against to be sent to the Hedron Liquidation Auction 90 days later.
The amount of ICSA a particular HSI can be sold for is calculated using the following formula:
(HSI’sBorrowableHDRN / (HexShareRate / 10)) = ICSA
HSI Buy-Back Bonuses
Hedron Launch Bonus: HSI’s with a Hedron Launch Bonus of 1x – 10x get a 1% – 10% ICSA bonus when sold to the ICOSA protocol.
QuattroCinco Bonus: HSI’s with a total stake length of 5,555 days (maximum HEX Stake length) get a 10% ICSA bonus when sold to the ICOSA protocol.
HDRN Staking (ICSA Yield)
The ICOSA protocol allows users to stake their HDRN to earn yield in ICSA from the daily Pool Payout. The HDRN staking pool calculates the global daily Pool Payout for ICSA yield based on the previous day’s total amount of HDRN burned divided by the HEX Share Rate. The HDRN burning can come from HDRN Liquidation Auctions, HDRN Advance Repayments or from users burning their own HDRN using the Proof of Benevolence function.
Pool Payout Calculation for ICSA Yield:
(DailyHDRNBurned / HexShareRate) = DailyPoolPayout
A particular staker’s daily ICSA yield is calculated based on that user’s share of the total staking pool. For example: If a particular user has a 1% share of the total staking pool and the daily Pool Payout for that day is 100 ICSA, that user will earn 1 ICSA yield. This yield will accrue daily until the user chooses to end the stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet.
There are minimum stake lengths which use a bonding curve to calculate a particular stake’s minimum length when a stake is started based on the stake size. There are also stake bonuses on ICSA yield which are calculated based on a stake’s position in the bonding curve when a stake is ended.
Whale | Stake Size >=1% of HDRN Supply
Minimum Stake Length: 360 days – 20% bonus on yield
Shark | Stake Size >= 0.1% of HDRN Supply
Minimum stake length: 270 days – 15% bonus on yield
Dolphin | Stake Size >= 0.01 % of HDRN Supply
Minimum stake length: 180 days – 10% bonus on yield
Squid | Stake Size >= 0.001% of HDRN Supply
Minimum stake length: 90 days – 5% bonus on yield
All Other Stake Sizes
Minimum stake length: 30 days – no bonus on yield
Each wallet address can have one singular HDRN stake which users can add more HDRN to if and when they choose to, with no limit to the amount of times a particular stake can be added to. If a user chooses to add more HDRN to their stake, the minimum stake lengths are recalculated based on the stake’s new position in the bonding curve and reset to Day 0 as a starting point.
There are no set stake lengths, no maximum stake lengths and users can end a stake at any time. If the stake is ended during the minimum stake length period, the stake will incur a penalty of both principal and yield on a percentage basis of how many days are left. Example: A stake with a minimum stake length of 90 days that is ended after 81 days would be 90% complete and would therefore incur a 10% penalty of both principal and yield.
Early End Stake Penalties:
HDRN | 50% of the penalty is burned – 50% is put into the ICSA staking pool
ICSA | Distributed to all pools
ICSA Staking (ICSA & HDRN Yield)
The ICOSA protocol allows users to stake their ICSA to earn yield in both ICSA and HDRN from the daily Pool Payout(s). The ICSA staking pool calculates the global daily Pool Payout for ICSA yield based on the previous day’s total amount of HDRN burned divided by the HEX Share Rate. The HDRN burning can come from HDRN Liquidation Auctions, HDRN Advance Repayments or from users burning their own HDRN using the Proof of Benevolence function.
Pool Payout Calculation for ICSA Yield:
DailyHDRNBurned / HexShareRate = DailyPoolPayout
A particular staker’s daily ICSA yield is calculated based on that user’s share of the total staking pool. For example: If a particular user has a 1% share of the total staking pool and the daily Pool Payout for that day is 100 ICSA, that user will earn 1 ICSA yield. This yield will accrue daily until the user chooses to end the stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet.
The ICSA staking pool calculates the global daily Pool Payout for HDRN yield based on the previous day’s total amount of HDRN Borrowed from HSI’s sold to ICOSA contract using the HSI Buy-Back function.
Pool Payout Calculation for HDRN Yield:
(DailyHDRNBorrowed) = DailyPoolPayout
A particular staker’s daily HDRN yield is calculated based on that user’s share of the total staking pool. For example: If a particular user has a 1% share of the total staking pool and the daily Pool Payout for that day is 100 HDRN, that user will earn 1 HDRN yield. This yield will accrue daily until the user chooses to end the stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet.
There are minimum stake lengths which use a bonding curve to calculate a particular stake’s minimum length when a stake is started based on the stake size. There are also stake bonuses on ICSA yield which are calculated based on a stake’s position in the bonding curve when a stake is ended.
Whale | Stake Size >=1% of ICSA Supply
Minimum Stake Length: 360 days – 20% bonus on yield
Shark | Stake Size >= 0.1% of ICSA Supply
Minimum stake length: 270 days – 15% bonus on yield
Dolphin | Stake Size >= 0.01 % of ICSA Supply
Minimum stake length: 180 days – 10% bonus on yield
Squid | Stake Size >= 0.001% of ICSA Supply
Minimum stake length: 90 days – 5% bonus on yield
All Other Stake Sizes
Minimum stake length: 30 days – no bonus on yield
Each wallet address can have one singular ICSA stake which users can add more ICSA to if and when they choose to, with no limit to the amount of times a particular stake can be added to. If a user chooses to add more ICSA to their stake, the minimum stake lengths are recalculated based on the stake’s new position in the bonding curve and reset to Day 0 as a starting point.
There are no set stake lengths, no maximum stake lengths and users can end a stake at any time. If the stake is ended during the minimum stake length period, the stake will incur a penalty of both principal and yield on a percentage basis of how many days are left. Example: A stake with a minimum stake length of 90 days that is ended after 81 days would be 90% complete and would therefore incur a 10% penalty of both principal and yield.
Early End Stake Penalties:
HDRN | 50% of the penalty is burned – 50% is put into the ICSA staking pool
ICSA | Distributed to all pools
WAATSA (We Are All The SA)
This is a private staking pool with a time limit entry that commences at the protocol launch and lasts for 14 days. Once the entry period has ended, it will no longer be possible for new users to enter the WAATSA staking pool.
Entry Period
During the 14 day entry period, users have the option to purchase staking NFT’s directly from the smart contract which will represent their stake position(s). The entry period works in a similar way to the HEX Adoption Amplifier in that users choose to run the code, input cryptocurrency, with no expectations, in exchange for a token (in this case, an NFT token). WAATSA NFT’s work exactly like HDRN stakes and will accrue yield in ICSA, however once the entry period has ended, no one else can enter the staking pool. The NFT’s can be sent to another address and/or traded on any compatible NFT marketplace.
The dollar value a particular WAATSA NFT is purchased for will determine how many staking points are assigned to it (1 Staking Point per $1). The more staking points a particular NFT has, the bigger the share of the staking pool yield that NFT will generate. There is no limit to the amount of WAATSA NFT’s a single wallet can purchase.
Accepted Cryptocurrencies:
USDC | ETH | HEX | HDRN | MAXI
Daily Pool Payout
The WAATSA staking pool calculates the global daily Pool Payout for ICSA yield based on the previous day’s total amount of HDRN burned divided by the HEX Share Rate. The HDRN burning can come from HDRN Liquidation Auctions, HDRN Advance Repayments or from users burning their own HDRN using the Proof of Benevolence function.
Pool Payout Calculation for ICSA Yield:
(DailyHDRNBurned / HexShareRate) = DailyPoolPayout
The WAATSA staking pool will also get a copy of all the ICSA stake bonuses from HDRN and ICSA staking pools, and ICSA bonuses from HSI Buy-Backs.
A particular staker’s daily ICSA yield is calculated based on that user’s share of the total staking pool. For example: If a particular user has a 1% share of the total staking pool and the daily Pool Payout for that day is 100 ICSA, that user will earn 1 ICSA yield. This yield will accrue daily until the user chooses to end the stake, at which point the WAATSA NFT will be burned, the user will exit the staking pool and the yield will be Minted and sent to the user’s wallet. Once the user has exited the staking pool, the yield of all other users who remain in the pool will increase.
Overview
There are no set stake lengths, no minimum or maximum stake lengths and users can end a stake at any time. If the stake is ended the WAATSA NFT will be burned, the user will exit the staking pool and it will no longer be possible to re-enter. As users exit the pool, the yield of all other users who remain in the pool will increase until there is only 1 person remaining in the pool who will subsequently earn 100% of the ICSA yield from the daily Pool Payout.
Type !stakeHDRN in this chat for a breakdown of HDRN staking
Type !stakeICSA in this chat for a breakdown of ICSA staking
Stake Points
The staking pools within the ICOSA protocol use Stake Points to determine a user’s share of a particular staking pool. Each of the 3 staking pools pay yield to stakers from a global daily Pool Payout and divides this yield by each stakers position individually.
For example: If a particular user in the ICSA staking pool has a 100 Stake Points and the pool has a total of 1,000 Points, this user has a 10% share of the pool; If the daily Pool Payout for that day is 30,000 ICSA, this user will earn 3,000 ICSA yield. This yield will accrue daily until the user chooses to end the stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet and their Stake Points will be removed from the pool.
Stake Points Calculation for HDRN staking:
HDRNStaked / HexShareRate = HDRN Stake Points
Stake Points Calculation for ICSA staking:
ICSAStaked / HexShareRate = ICSA Stake Points
Stake Points Calculation for WAATSA NFT staking:
PurchaseDollarAmount x 1PointPerDollar = WAATSA NFT Stake Points
Add Capital to Stake (HDRN & ICSA Stakes Only)
When a user creates a stake in the HDRN or ICSA pool, the Stake Points assigned to it stay constant for the life of the stake. As more users join the staking pool and more points are added, the individual share of the pool each user has will decrease resulting in dilution of the daily yield.
There are minimum stake lengths which use a bonding curve to calculate a particular stake’s minimum length when a stake is started based on the stake size. There are also stake bonuses on ICSA yield which are calculated based on a stake’s position in the bonding curve when a stake is ended. Since the minimum stake length is calculated at the start of a stake but the bonus is calculated at the end of a stake, users are incentivized to continually Add Capital to their stake over time to ensure they aren’t knocked down in the bonding curve resulting in a smaller bonus when the stake is ended.
If a user chooses to Add Capital, their stake will be assigned additional Stake Points which will be added to their original amount. The minimum stake lengths are recalculated based on the stake’s new position in the bonding curve and reset to Day 0 as a starting point.
Add Capital Example: If a particular user creates a stake in the HDRN staking pool with 1 Billion HDRN, and the HEX Share Rate at the start of the stake is 230,000 this stake will be assigned 4,347.83 Stake Points (1BillionHDRN / 230,000).
If this user chooses to add another 1 Billion HDRN after a period of time and the HEX Share Rate has increased to 235,000, this stake will be assigned an additional 4,255.32 Stake Points (1BillionHDRN / 235,000) for a new combined total of 8,603.15 Stake Points.
Any yield this stake has accrued up to this point will be stored in the smart contract memory until the user chooses to end the stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet and their Stake Points will be removed from the pool.
