Why is DIP-4 accretive for $DEXTF?
In this Medium article we wrote about the best ways to optimise your $DEXTF rewards.
In particular, it is worthy of note that currently holding $DEXTF per se is not an activity that is incentivised. That is if you purchased $DEXTF and hold it in your wallet you do not earn more $DEXTF by just holding it, as if you were to LP it, or buy up an XTF fund token with it or create one with $DEXTF in it.
Of course, holding $DEXTF returns whatever the market decides to return.
The table below summarises what can be done today to maximise your rewards with DEXTF.
DIP-4 will change that by rewarding those valiant Romans that held the forts and expanded the empire.
Hodling $DEXTF and staking it will accrue more $DEXTF as the Treasury will distribute rewards using the proceeds. In addition, buybacks will also be performed at market rate and the purchased $DEXTF will be burned to effectively make the supply deflationary.
Therefore, the bottom line is that, rewards will accrue (in order of reward size) to:
Investors in XTF fund tokens
Liquidity Providers to XTF fund pools
Liquidity Providers to DEXTF/ETH pool
XTF fund managers
Rewards will be distributed using Treasury proceeds to:
$DEXTF stakers
$DEXTF Supporters
$DEXTF Supporters are those investors who are willing to swap over the counter major coins in exchange for $DEXTF.
To read more about how many $DEXTF rewards are allocated for each category of user (investor, liquidity provider and fund manager) read here.
Finally, rewards accrual and distribution periods as of 1 April 2021 have been simplified as below.
Accrual cycle for Investors, Liquidity Providers and Fund Managers
START: 1st of the month (M) @ 00:00 UTC
END: Last day of the month (M) @ 23:59 UTC
Streaming* cycle for Investors, Liquidity Providers and Fund Managers
START: 1st of the following month (M+1) @ 00:00 UTC
END: 60 days after the start date
All rewards are subject to a 2-month vesting period.
For addresses that have earned over 3,000 $DEXTF tokens there will be a stream on Sablier. The owner of the address can then connect their wallet on https://app.sablier.finance/ to see their stream and withdraw whenever they like - up to the amount that has already been made available.
For addresses that have earned up to 3,000 $DEXTF tokens the full amount will be airdropped to that address after the 2-month vesting period has passed. This way of distribution has been chosen to save gas and time for all sides.
Keep in mind that escrow contracts are being developed and expected to be launched this month so that users do not need to leave the dApp to claim the accrued $DEXTF rewards.
To track your $DEXTF rewards:
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