As we know, the defi market is extremely volatile, sometimes it feels as though it’s only for the true battle hardened crypto investors. The dips can be emotional, but there’s nothing worse than selling the bottom right before it rallies again.
BLV is designed to reward those who hold for a good period of time. I thought i would write down a few of the staking mechanisms which make it worth hodling out the dips in favour of the spoils that come with long term BLV holding.
In the staking rewards formula for BLV, the amount of days staked acts as a multiplier, so holding on day 10 will give you a 10x multiplier in the rewards formula, where if you have only held for 2 days, you will have only a 2x multiplier.
Another incentivizing multiplier in the BLV formula is the positive streak days multiplier. The rewards are greater each consecutive day that BLV has a positive price. In the formula, the inflation factor is divided by the number of days in the price positive streak. So the rewards on a 4 day streak would be double that of the rewards of a 2 day streak. The streak is broken by a negative price day… The longer the streak, the better the rewards, so basically DON’T SELL TOO SOON!
One day per month, we spoil all BLV holders who have been holding their tokens for 30+ days. The formula for this gift is: balance * days staked / 600, which works out to be 5% rewards for holders of 30 days and 10% for 60 day holders.