Pools
Last updated
Last updated
Pool is defined as the liquidity stake and leverage mining liquidity pool launched by SFT Protocol on Filecoin's FVM. It enables FIL token holders to obtain stable income without locking period and provides liquidity lending for FIL demanders.
The Pool contract module is built on the FEVM network and serves various functions within its "flywheel" economic system. Users can borrow FIL to support SFT farms, provide bridge funds for the redemption of fixed-term farms, contribute FIL to liquidity pools and earn rewards, and deposit the earnings generated from LP staking into the Pool.
Based on adjustments to the market's business, the following upgrades have been made to the liquidity pool on the SFT Chain:
Deposit Function Suspension: The deposit function for liquidity in the FEVM network pool will be temporarily suspended starting from 10:00 AM UTC on December 11, 2024. However, the FIL redemption option will remain available, allowing users to withdraw their funds.
Suspension of rSFT Rewards: The rSFT reward distribution for the FEVM network pool will be paused and replaced with a point-based reward system.
Introduction of the Point System: A new point system will be implemented, where points are awarded based on the holding duration of rSFT. The longer the holding period, the higher the points. Once users stop holding rSFT, point accumulation will cease.
Point System Rules:
Non-transferable and Non-tradable: Points represent the user's contribution and cannot be traded or transferred.
Redemption Rights: Points will be redeemable for rSPD in the coming months (total amount to be announced later).
Time Coefficient: Points are calculated based on the duration of rSFT token holding:
0-30 days: Points multiplier = 1
30-60 days: Points multiplier = 1.4
60-90 days: Points multiplier = 2.2
90-120 days: Points multiplier = 3.8
Over 120 days: Points multiplier = 6
