$POOL
The Most Utility-Driven PoolSea
Native Token
More than just a
simple
crypto
currency
Features
Daily buy
& burn
Up to 31.5% buy & burn on every commission earned on our DEX.
Deflation
Deflation $POOL has a fixed supply, and every day there is less of it available.
Multiple
Utilities
From our 3 different products $POOL is used in a unique way within each of our three products and is designed to increase in value.
Staking
rewards
Earn Hex, PLS, PLSX, and many more...
$POOL Use
- At PLS Staking pool (Rocket pool fork): Stake PLS tokens. From total yield, 5% is bought and burned.
- Validators collateral: Validators can use $POOL as collateral. If they do, only they earn the 1.369% inflation.
- With GOL Stablecoin: Loan GOL. Pay interest in $POOL or GOL tokens. $POOL stakers get these tokens.
- At PoolSea DEX: Daily, we buy & burn $POOL. This is up to 31.5% of each Dex commission.
- Also at PoolSea DEX: Stake $POOL, get daily rewards. Earn Hex, PLS, PLSX, and stPLS. This comes from a coin withdrawal commission.
Emergency End
Stake Penalty
If you cut a stake short, you will pay a penalty. The longer your stake, the bigger the potential penalty. The earlier you cut a stake short, the higher the penalty. If you have served less than half your stake, the penalty will eat into your principal.
< 180 day stake
For stakes less than 180 days, the 'crossover' point where penalty does not touch principal will always be 90 days
=> 180 day stake
For stakes less than 180 days, the 'crossover' point where penalty does not touch principal will always be 90 days
Examples
Example 1
- 100,000 Pool staked for 100 days
- Emergency end-stake on day 12
- Assume interest received is 2000 Pool for this example
- Half of committed days is equal to 50. This variable must be 90 or more, so 90 takes its place.
- Penalty = (2000 Pool) * (90 days) / (12 days) = 15,000 Pool
- Pool Received Back = 100,000 Pool - 15,000 Pool + 2000 Pool= 87,000 Pool
Example 2
- 2,300,000 Pool staked for 3600 days
- Emergency end-stake on day 80 of the stake
- Assume interest received is 120,000 Pool for this example
- Penalty = (120000 Pool) * (1800 days) / (80 days) = 2,700,000 Pool
- Pool Received Back = 2,300,000 Pool - 2,700,000 Pool + 120,000 Pool = 0 Pool
- In this example you would lose all your Pool. You can never go negative and “owe” Pool
Example 3
- 1,000,000 Pool staked for 210 days
- Emergency end-stake on day 110 of the stake
- Assume interest received is 39,000 Pool for this example
- Penalty = 38,000 Pool
- Interest = The interest accrued after the 50% mark, 1000 Pool
- Pool Received Back = Principal plus the interest accrued after the 50% mark, = 1,001,000 Pool
The same principle will be applied to yields earned from staking with $POOL.
