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    Staking Program Adjustments: Trading Activity Factor Calculation

    Apr 10, 2023

    2 min read

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    ApeXers, it's been over two months since the ApeX Pro Staking Program was launched. Our staking program rewards traders not just based on their total $APEX and $esAPEX staked amounts and how long these assets are staked in the pool, but also a trader's overall trading activity and participation in ApeX Pro's ecosystem.

    ApeX Pro will be making slight adjustments to the Staking Program to better capture the calculation of trades on the platform to overall staking rewards for the user.

    Calculation Factor Adjustments

    Before we get into details, here's a recap on the previous calculation. The Total Staking Factor score directly impacts the total amount of staking rewards an ApeXer receives, and was tabulated according to a Time Factor and also a trader's Trade-to-Earn trading score:

    • Total Staking Factor = 1 + Time Factor + T2E Factor

    To allow our trading community to more easily include their trading activity in the final staking rewards calculations, the T2E Score Factor has been replaced by a Trading Activity Factor:

    • Total Staking Factor = 1 + Time Factor + Trading Activity Factor

    How Do Your Accumulate Points for Trading Activity Factor?

    Instead of deriving your T2E Factor from your Trade-to-Earn participation scores, all users have to do is trade once a day for a maximum of five (5) days during each weekly staking round to increase their Trading Activity Factor points.

    • Trade once on the first day: Trading Activity Factor = 0.1

    • Trade once on the second day: Trading Activity Factor = 0.2

    • Trade once on the third day: Trading Activity Factor = 0.3

    • Trade once on the fourth day: Trading Activity Factor = 0.4

    • Trade once on the fifth day: Trading Activity Factor = 0.5

    A single staking round lasts a week, beginning every Monday at 8AM UTC, and each day is calculated as 24 hours beginning from 8AM UTC daily.

    Only one trade per day will be counted towards the accumulation of points under this new factor, i.e. if a trader trades twice on the first day, their Trading Activity Factor will remain as 0.1. Completion of daily trading tasks to earn points does not have to be done in consecutive days. The maximum value for this factor is 0.5.

    All other factors and staking program mechanisms remain the same. Find out more on how the Total Staking Factor contributes to the calculation of a user's final staking reward here.

    Fee Allocation — BBP and Staking

    As we are currently in the 20th epoch of our Trade-to-Earn program, the fee allocation between BBP and Staking Program is set at 20% and 10%, respectively. Starting from next epoch, fees will adjust to 18% for BBP and 12% for the Staking Program.

    As we unveiled earlier this year, the fees channeled to the BBP will decrease according to T2E epochs, while the fees for the revenue sharing via the Staking Program increase, reaching 30% in the 4th quarter of 2023.

    Please also note that the distribution ratio of staking and BBP is calculated after the deduction of fees already allocated for (1) StarkWare, (2) affiliates under the Affiliate Program and referers under the Referral Program.

    • BBP Fee Allcation = (Trading fees - fees paid to StarkWare - fees paid to affiliates & referer) * BBP ratio

    • Staking Fee Allcation = (Trading fees - fees paid to StarkWare - fees paid to affiliates & referer) * staking ratio

    The fee adjustment is integral in helping ApeX Pro fulfil the promise of channeling benefits and earnings back to the ApeX community. For more details, read here.

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