Boosting Pools
This page explains how a user can boost their rewards by up-to 5x by holding a MAHA lock
In order to incentivize users to participate in governance and additionally create stickiness for liquidity, we implement the following mechanism.
A user’s balance, counted in the gauge, gets boosted by users locking
MAHA tokens in the NFT Locker, depending on their MAHAX voting power. The value of
is taken at the time the user performs any action (deposit, withdrawal, withdrawal of
MAHA tokens) and is applied until the next action this user performs.If no liquidity stakers have any
MAHAX, then the MAHA emissions will simply be distributed proportionally to the liquidity () each one of them provided.
However, if a user locks enough MAHA, they are able to boost their
MAHA rewards by a factor of 5 (reducing it slightly for all users who are not doing that).Since voting power decreases with time, it is favorable for users to apply a boost and do no further actions until they lock more tokens. However, once the lock expires, anyone can “kick” the user by creating a checkpoint for that user and, essentially, resetting the user to no boost if they have no voting power at that point already.
While the maximum boost is depended on the total
MAHAX supply. You don't need to have a large MAHAX lock to get the maximum boost. You can still get the maximum boost if you have the largest MAHAX lock amongst all the holder.Last modified 1yr ago