Incentives
Help the ILIS DAO achieve its goals, and be rewarded.
Last updated
Help the ILIS DAO achieve its goals, and be rewarded.
Last updated
Some actions are deemed positive to the Stabilis ecosystem by the ILIS DAO and therefore, it has chosen to reward them! These actions are represented by resources / tokens. Staking these resources to your Incentives ID, provides you with a weekly allocation of ILIS rewards.
Current incentived resources
| Resource | Address | Weekly reward |
|---|---|---|
LPSTAB | resource_rdx1t59m2c48gtrflsxms35d7alkggyed383fw0mfe98c3v3z6xcqds28h | 200,000 ILIS |
Incentive ID info
On the Incentives page, the first thing a user can do is to either create a Incentives ID, or select an existing one [1]. Multiple incentivized resources can be staked to the same Incentive ID, so you also have to select the resource you want to manage [2]! After doing so, the user is presented with an overview of their Incentive ID:
[3] Periods to claim, Incentives ID staking rewards are NOT collected automatically. Every week's rewards have to be claimed manually. The furthest back one can claim their rewards, is currently 5 weeks. So be sure to claim your rewards AT LEAST every 5 weeks!
[4] Staked resource, the amount of selected resource staked to this Incentives ID.
[5] Unstake ready, unstaking takes 7 days. The amount currently unstaking and ready to claim is shown.
[6] Locked until, one can lock their staked resource for an even longer period of time, to receive extra rewards. Locked tokens CANNOT be unstaked.
As we've seen in the previous category, it is possible to stake incentivized resources to the Incentives ID, and to lock these staked tokens. Either action has it's own section.
Manage stake
To stake, go to the manage stake section and click the add stake selector [1]. Then, select an amount to stake [2]. You will then be presented with the new amount staked to this ID [3], your weekly ILIS rewards and APY [4], and the unstake delay [5].
Unstaking is rather similar to staking: go to the manage stake section and click the remove stake selector [1]. Then, select an amount to unstake [2]. You will then be presented with the new amount staked to this ID [3], your new weekly rewards and APY [4], and the unstake delay [5].
Manage lock
A similar section exists for locking and unlocking stake. Here, a user can lock there stake for a longer period of time, and be rewarded for it. If they change their mind, they can also remove this lock, but this will always cost them more ILIS than locking will have rewarded them! At the time of writing, this multiplier is 5.
To lock, the user goes to the Manage lock section, and selects the lock stake selector [1]. Here, they can choose the amount of days they want to lock their stake for [2], and will be presented with the amount of ILIS they receive for their locking [3], and the total amount of days their stake will be locked [4].
Unlocking is usually a rather bad deal. Still, if the user wants to unlock, they can do so via the Manage lock section, by choosing the unlock stake selector [1]. They can then select the amount of days to remove from their lock [2], and will be presented with the necessary ILIS payment to remove their lock [3], and their updated lock [4].
