RayStake — Advanced Cardano Staking

  • LP / XRAY Staking — Stage 1 & Stage 2

ADA Staking & XRAY ISPO Program

Stage 1

Stage 1 is designed to conduct an Initial Stake Pool Offering (ISPO) of the XRAY token. To be eligible for this initial token distribution program you need to delegate ADA to any of the Ray Pools →. That will allow you to get rewards every epoch in both ADA (as per the usual Cardano protocol accrual of ~4.4% APY) and also XRAY tokens (depending on dynamic Live Mining Rate). This Rate is calculated based on the token distribution schedule which started in epoch 235, and rewards were divided between delegators on a pro-rata ADA staked basis — 888,888 XRAY were distributed each epoch. The Rate at epoch 274 started a gradual decrease of 0.444% each epoch (every 5 days).

ADA Staking & XRAY ISPO @ Epoch 337
ADA Staking & XRAY ISPO @ Epoch 337

Stage 2

Ray pools will continue to operate as regular nodes (stake pools) that will keep the Cardano network running. This stage is tentatively scheduled after epoch 505 and the Margin Fee will be equal to 1% as maintenance fee.

LP / XRAY Staking Program

Stage 1

Also included in the initial phase of distribution, this program will feature substantially large APY rewards for mass adoption of XRAY tokens. The first stage can be considered a centralized process that tracks and awards at every 2000 blocks the wallet addresses containing XRAY and LP tokens (~12 hours, given current network settings).

Token                    Base APY           APY w/ Max BoostXRAY                     20%                76%
LP SundaeSwap (0.3%) 100% 380%
LP RaySwap 100% 380%
LP Minswap 100% 380%
LP Wingriders 100% 380%
LP ErgoDEX 100% 380%
LP / XRAY Staking Program @ Block 7212000
LP / XRAY Staking Program @ Block 7212000

Stage 2

This stage will be a classic Yield Farming process, where anyone can create a stake pool for any token, specify an APY, and all participants will receive their rewards based on previously set conditions. It’s a fully decentralized application based on Cardano’s validator (smart contract). There will be 50,145,921 XRAY allocated for this purpose.

Next steps

Withdrawals will be available from June 1, 2022.

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