🚜Planting (Staking)

Farming is not just a hobby... It's a way of life.

Planting (Staking)

tl;dr: MANGO token stakers receive 0.1% of the treasury balance every day

The Mango Markets treasury is funded through various sources, including the registration event, 80% of the trading fees from spot markets, and proceeds from bond sales. The treasury distributes daily rewards to MANGO token stakers, with 0.1% of the treasury's current balance. This means that as a MANGO token stakers, you have the opportunity to earn daily rewards based on the balance of the Mango Markets treasury.

How often can I claim my rewards?

You can claim your rewards at any time, and there is no restriction on the frequency of claims per day. However, it's important to keep in mind the gas fees you will incur each time you claim your rewards. Paying attention to these fees can help you avoid unnecessary costs associated with claiming your rewards.

What happens if I forget to claim my rewards for today?

You don't need to worry about claiming your rewards daily. As long as you keep your MANGO tokens staked, they will continue to accumulate rewards, even if you don't claim them every day. You can wait until the gas fees are lower or until you have accumulated a significant amount before claiming your rewards to make it more worthwhile. This way, you can avoid paying unnecessary fees and optimize your rewards.

How does unplanting(unstaking) work?

You have the flexibility to unstake your funds at any time without incurring any penalty. This process can be done instantly, providing you with immediate access to your MANGO tokens.

How are rewards calculated for MANGO stakers?

Rewards for staking MANGO tokens will be triggered whenever there is a change in the Mango Treasury balance or the balance of staked tokens. This reward system is designed to incentivize users to hold and stake their MANGO tokens.

For example, let's say the percent per block is set at 0.0001%, and the number of blocks since the last reward application is 100. If the total value of the Mango Treasury is $100,000, then the reward amount would be $100 ($100,000 x (0.0001% x 100)). This $100 reward would then be distributed among all stakers according to their amount of staked MANGO tokens in relation to the total supply of staked MANGO tokens. (Percent per block will be set to equal roughly 0.1% per day)

In summary, the reward amount is based on the percentage per block and the number of blocks since the last reward application, and the reward is distributed among all stakers based on their amount of staked MANGO tokens.