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personal APY gives you the ability to buy % APY as much as you can

Binance

Cryptocoins Exchanges / Binance 172 Views

Personal APY is a new model of staking, it's based on the abilityto purchase % APY as much as you want, it consists of two coins $PER and $APY there is a basic daily %2 for $PER there is an additional 1% from every 1 $APY staked there is also 0.001% $APY from $PER .

What problems this model solves

  1. Price depreciation, in most staking protocols reward assets lose upward pressure overtime due to weakness of motive to buy more , in this model the more you buy the more you are generating reward, so there is motive to buy more than to sell.

  2. The balance between institutional investors and retail investors, many protocols face this dilemma ie the conflict of best interest of both groups, in this model they are in a harmonious sympioses , overtime $APY coin will be too expensive so only the first group would be able to buy more of it and second group will be generating $APY and rewarded for it while getting basic 2% . Elaboration by example

example:1 UserA staked 1000 $PER DailyRewardForPersonal = 1000 * 0.02 = 20($Per) And 1000 * 0.00001 = 0.01($apy)

example:2 UserB staked 1000 $per and 150 $apy DailyRewardForPersonal = 1000 * (0.02 + 1.5) = 15020($Per) And 1000 * 0.00001 = 0.01($apy)

Currently In the pipeline.

submitted by /u/Pallas01618
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