TEAM PROPOSAL/21/09/#001 — A Staking DAPP with 18.25% APY

Staava Protocol
2 min readSep 23, 2021

We are proposing for a Dapp (Defi) staking feature for FROE Tokens to be developed which earne a 0.05% DPY (Daily Percent Yield) in FROE ($ROE) Tokens. Staking in this case shall mean a script-locking invocation for Y-amount of $ROE at 0.05% DPY for N-days to receive S-Yield rewards in FROE Tokens.
Note: 0.05% DPY also means 18.25% APY

STAKING DERIVATIVES
Y-amoun
t of FROE shall mean: 1–1,000 $ROE
N-days shall mean a locking period of Y-amount of FROE.
N-days are 15 Days, 30 Days, 60 Days & 90 Days.
S.Yield shall mean the staking yield earned

Staking formula accumulates DPY of 0.05% in dapp contract for N-days and locks percentage yields in blocks until its expiration, before withdrawals can be performed by stakers. On withdrawal, both locked amount and staking yield is released to users from dapp-script.

STAKING FORMULA:
S.Yield = (Y-amt x DPY%) N-days
Total Bal = Y-amt + S.Yield

Example of Staking:
John Doe has 10 FROE ($ROE) in his wallet and He decided to stake 10 $ROE for 30 days, instead of just leaving the asset fallow. What is his S.Yield at 0.05% DPY and Total Balance after withdrawal?.

Applying Staking Formula
S.Yield = (Y-amt x DPY%) N-days
Total Bal = Y-amt + S.Yield

Therefore,
S.Yield = (10 $ROE x 0.05%)*30
S.Yield = (0.005)*30
Staking Yield = 0.15 $ROE

Total Balance = 10 $ROE + 0.15 $ROE
Total Balance = 10.15 $ROE

Note: 0.05% DPY also means 18.25% APY

We encourage community to support and vote for this feature to be implemented. Vote with 1 $ROE and get 1.62 $ROE in return.
Read how to vote here: https://nfts.fishfactory.cc/proposal

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Staava Protocol

An EVM protocol with dApp-toolset for Web 3.0 solutions, deployed with the Avalanche-Go. $STAAV coins are MINTED by creating SCARCITY for on CHAIN Tokens