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Stake your TETHYS to earn METIS rewards from trading fees as well as Multiplier Points
Staked TETHYS receives three types of rewards:
- METIS Rewards
- Multiplier Points
- Yield leverage protocol fees (starting from Feb-Mar 2023)
30% of fees generated from swaps and leverage trading are converted to METIS and distributed to staked TETHYS tokens. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.
Multiplier Points reward long term holders without inflation.
When you stake TETHYS, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 TETHYS staked for one year would earn 1000 Multiplier Points.
When TETHYS are unstaked, the proportional amount of Multiplier Points are burnt. For example, if 1000 TETHYS is staked and 500 Multiplier Points have been earned so far, then unstaking 300 TETHYS would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.
The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points. For example, if the METIS APR is 10% and you have $10,000 worth of TETHYS, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of TETHYS, your "Boost Percentage" would display as 20%, and you would get an extra $200 of METIS rewards annualized. The “Boost Percentage” is calculated from the ratio of Multiplier Points to your total amount of staked TETHYS:
Boost Percentage = 100 * (Staked Multiplier Points) / (Staked TETHYS)
100 * 4.5656 / 7.54 = 60.555%
- Insert amount of TETHYS you want to stake
- Approve -> Stake
To claim your rewards, use Claim & Recompound button.
Check the desired options
"Stake Multiplier Points" option when enabled stakes your Multiplier Points
"Claim METIS Rewards" option when enabled claims your METIS rewards
"Swap all rewards to TETHYS and stake" option when enabled swaps all METIS rewards to TETHYS and stakes it for even more future rewards