Voting/Staking and Reward Pools In the Rarechain/QAO Ecosystem: Everything You Need to Know🧭

Rarechain/QAO is now widely known as one of the most upcoming DeFi ecosystems ever created. Not only is it highly democratic and decentralized, but it is also constantly evolving to maximally optimize the yield of QAO stakers. From this guide, you will learn all the details about voting/staking and profiting from it.

Voting/Staking In Rarechain/QAO Ecosystem💎🌐

The Rarechain/QAO ecosystem allows the users to combine staking and voting in a unified process. In other words, the tokens staked in the voting module are deposited to vote and for receiving weekly rewards in the future.

Each stake data is stored independently on the Ethereum blockchain and the Voting/Staking data is interacted via a public, verifiable database. The data is protected with numerous extra security features and perma-pinned via IPFS on Arweave. Meanwhile, the Ethereum blockchain is used to store the integers of the amount of QAO staked as well as the chosen duration of each stake with each vote choice that was submitted.

Voting/Staking is highly flexible, and allows you to choose the following variables:

• Staking Duration
• Amount of tokens to stake
• Vote choice

Deposits with no set duration can also vote, however the minimum lock is until the vote ends. Setting a longer duration (from 1 to 520 weeks) can increase the power of the vote, and also provide more staking rewards.

The contract of Voting/Staking includes no permission to withdraw any funds. Because of that, the tokens are verifiably locked/staked on-chain with voting data perma-pinned forever.

Voting Details:

• All votes are all lasting 7 days, similarly to Uniswap
• Minimum amount of tokens needed to create a proposal: 100M
• Minimum amount of tokens that need to vote for the vote to be valid: 1B

List of Reward Sources:

Stakers Tax Fee(2.5%)

• 50% QAO Stakers/Voters(1.25%)
• 50% Proof-of-Burn(1.25%)

Rarechain API Fees

• 90% QAO Stakers/Voters
• 10% QAO Treasury

Rareswap Fees

• 90% QAO Stakers/Voters
• 10% QAO Treasury

Rarepool Fees

• 90% QAO Stakers/Voters
• 10% QAO Treasury

Rewards from LP Fees:

• 45% QAO Stakers/Voters
• 45% QAO Treasury
• 10% QAO Buyback&Burn

Rewards from QAO Community Shop(NFTs, Merch) Fees(2.5%):

• 45% QAO Stakers/Voters
• 45% QAO Treasury
• 10% QAO Buyback&Burn

Rewards from Community Arbitrage Bot Profits:

• 45% QAO Stakers/Voters
• 45% QAO Treasury
• 10% QAO Buyback&Burn

Rewards from QAO Community Immutable Lottery Fees(5%):

• 45% QAO Stakers/Voters
• 45% QAO Treasury
• 10% QAO Buyback&Burn

More to come as partnerships are being made and more products being developed by the QAO Community.

How Are Reward Pools Distributed?🌊

A smart contract makes it that all Reward Pools funds are automatically sent to Reward Pool distribution contracts at 12:00 UTC every Wednesday. A timestamp is created and proven on the Ethereum blockchain to establish each user’s Reward Multiplier and Size in each stake, which determines each proportional share of the entire reward pools from the past week.

At 00:00 UTC on the same day, the reward distribution contract sends rewards to every address that has a stake from his percentage of rewards that was priorly timestamped at 12:00 UTC on Wednesday determined from all Reward Multiplier data.

Twelve hours is calculated as a buffer to let time to calculate exactly and let space for the scaling of the computation, which has to be done outside of ETH blockchain because of gas fees. For most efficient computation interacting with ETH smart contracts we have found it is better to do it in this way to also get rid of backward inflexibility when upgrading the Reward Pools system.

The shares of rewards of each stake is recalculated each week, with the data from all stake sizes, reward multipliers and fairly distributed from the total of each Reward Pool on a weekly basis. So all Reward Pools funds are entirely and automatically sent every week.

Reward multiplier resulting from chosen duration of each stake/vote also adds proportional voting power for each separate vote. The way in which the reward multiplier is determined depends on the amount of tokens staked and the selected stake/vote duration, and is calculated by the Abstract Multiplier contract which can be found here.

All rewards going for the Treasury are directly sent and locked in the Treasury.

All rewards going for Buyback&Burn are sent in a smart contract that automatically and randomly buy QAO on the markets and immediately Burn all.

Want to Know More?

QAO is a community-driven project, constantly evolving according to the needs and desires of the crypto community. If you have any questions or suggestions, let us know!

Website: https://www.qao.io/

GitHub: https://github.com/rarechain/QAO

Discord: https://discord.gg/75jrNSE6SN

Twitter: https://twitter.com/QAOdotio