Defi Kingdoms
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The Gardens
At its core, the Gardens is a place to stake liquidity provider tokens to receive JEWEL tokens. You’ll be gaining JEWEL tokens to use in game for rare NFTs and other items JUST by staking LP tokens! It’s a powerful part of the game, and really fun.
Gathering the fruits of his labors.
Our visualization on liquidity pool mining is unique and fresh. We’re building an epic world and gardens in which to represent token pairs and liquidity pool mining. Within each garden (i.e. LP pairing), you will be able to see your portion of the total share within the plot represented by your owned plants. The gardener busies himself with tending to your plants (this represents the countdown timer between blocks mined) and once harvested, the gardener deposits your yield in the storehouse representing your share of JEWEL tokens of the block mined. There will be ways to augment and increase your yield through in-game items that will provide you with increased JEWEL token rewards!

Issuance Schedule

The issuance of JEWEL as rewards for staking LP tokens in the Garden is scheduled to change during each consecutive period of time, which we refer to as an Epoch. Each Epoch is 302,400 blocks on the Harmony Blockchain, and the length of each Epoch depends on the average block speed on Harmony. Epochs were calculated to 302,400 blocks so that each Epoch would equal one week assuming a speed of 2 seconds per block on the Harmony Blockchain. However, if block speeds are longer than 2 seconds per block on average, an Epoch will last longer than a week, and inversely, if block speeds are less than 2 seconds per block on average, then an Epoch would last less than one week.
  • Block 16,350,367 (Epoch 1): 256x multiplier = 256 JEWEL/block = 7,680 JEWEL/minute
  • Block 16,652,767 (Epoch 2): 128x multiplier = 128 JEWEL/block = 3,840 JEWEL/minute
  • Block 16,955,167 (Epoch 3): 96x multiplier = 96 JEWEL/block = 2,880 JEWEL/minute
  • Block 17,257,567 (Epoch 4): 64x multiplier = 64 JEWEL/block = 1,920 JEWEL/minute
  • Block 17,559,967 (Epoch 5): 56x multiplier = 56 JEWEL/block = 1,680 JEWEL/minute
  • Block 17,862,367 (Epoch 6): 48x multiplier = 48 JEWEL/block = 1,440 JEWEL/minute
  • Block 18,164,767 (Epoch 7): 40x multiplier = 40 JEWEL/block = 1,200 JEWEL/minute
  • Block 18,467,167 (Epoch 8): 32x multiplier = 32 JEWEL/block = 960 JEWEL/minute
  • Block 18,769,567 (Epoch 9): 28x multiplier = 28 JEWEL/block = 840 JEWEL/minute
  • Block 19,071,967 (Epoch 10): 24x multiplier = 24 JEWEL/block = 720 JEWEL/minute
  • Block 19,374,367 (Epoch 11): 20x multiplier = 20 JEWEL/block = 600 JEWEL/minute
  • Block 19,676,767 (Epoch 12): 16x multiplier = 16 JEWEL/block = 480 JEWEL/minute
  • Block 19,979,167 (Epoch 13): 15x multiplier = 15 JEWEL/block = 450 JEWEL/minute
  • Block 20,281,567 (Epoch 14): 14x multiplier = 14 JEWEL/block = 420 JEWEL/minute
  • Block 20,583,967 (Epoch 15): 13x multiplier = 13 JEWEL/block = 390 JEWEL/minute
  • Block 20,886,367 (Epoch 16): 12x multiplier = 12 JEWEL/block = 360 JEWEL/minute
  • Block 21,188,767 (Epoch 17): 11x multiplier = 11 JEWEL/block = 330 JEWEL/minute
  • Block 21,491,167 (Epoch 18): 10x multiplier = 10 JEWEL/block = 300 JEWEL/minute
  • Block 21,793,567 (Epoch 19): 9x multiplier = 9 JEWEL/block = 270 JEWEL/minute
  • Block 22,095,967 (Epoch 20-35): 8x multiplier = 8 JEWEL/block = 240 JEWEL/minute
  • Block 26,631,967 (Epoch 36+): 4x multiplier = 4 JEWEL/block = 120 JEWEL/minute
*Listed multipliers are spread out across all Gardens. See Druid Lazarus for pool-specific emission rates.
Visit the Harmony Blockchain Explorer to see what the current block is and the current block speed (latency). Please note that block speed fluctuates and should be viewed on an average (i.e. daily or weekly basis) when trying to plan your Garden farming strategies.

Locking Model

A portion of the JEWELs grown in the Gardens can be harvested immediately (i.e. are unlocked and immediately usable), while the rest are dispersed deep underground (locked). These locked JEWELs will slowly work their way upward and will be rewarded to the owners in time, but until unlocked cannot be used in any way (i.e. cannot be used for staking, providing liquidity, governance votes or any other in game transaction). Once claimed, locked tokens remain locked until the end of Epoch 51 (estimated to be in Q3 2022 depending on Harmony block speeds) at which point such locked JEWEL will begin to unlock ratably over the next year (fully unlocking in Q3 2023 depending on Harmony block speeds).
To balance the amazing multipliers that early adopters that provide liquidity via the Gardens receive, our tokenomics include a locking model on the JEWEL tokens received from providing liquidity. The calculation of what portion of your rewards is locked vs unlocked only takes effect once you click the CLAIM button. Whenever rewards are CLAIMED from the Gardens, a portion of the rewards will be unlocked (i.e. immediately usable to trade, buy, sell, stake in the bank) and the remainder will be locked. The allocation of JEWEL between unlocked and locked amounts will depend in which Epoch the rewards are CLAIMED, not on when they are earned or staked.
Starting the first Epoch, 5% of any rewards claimed from the Gardens were unlocked and immediately accessible and 95% of rewards claimed from the Gardens were locked. The percentage of rewards CLAIMED from the Garden that are unlocked will increase by 2% every Epoch until after Epoch 51 where any rewards claimed thereafter will be 100% unlocked. This 2% increase of unlocked rewards per Epoch applies only to unclaimed rewards (i.e. once claimed, locked rewards do not benefit from this increasing unlock rate per Epoch and will remain locked until after Epoch 51 when they will start to unlock)
So, for example, Garden staking rewards claimed during Epoch 1 will be 5% unlocked, 95% locked; during Epoch 2 will be 7% unlocked, 93% locked; during Epoch 3 will be 9% unlocked, 91% locked, and so on, until after Epoch 51, when no more locking of staked rewards will occur for newly claimed Garden rewards.

Locking Model - Simplified Examples

Below are two simplified examples that show how the locking model works. For the sake of simplicity, the examples assume no reinvestment of unlocked claimed rewards into additional LP positions and that a player earned 100 JEWEL in Garden rewards during Epoch 1, 50 JEWEL in Epoch 2 and so on to reflect the reduced JEWEL emission per Epoch. In both scenarios, 301.6 JEWEL is earned, but the amount unlocked versus locked is different. This locking model provides players the opportunity to choose a strategy that suits their style and risk appetite.
Illustrative Example A: Rewards earned during each Epoch are claimed during each Epoch (and not reinvested).
  • 10 Epoch Summary:
    • Total unlocked JEWEL: 29.8 JEWEL
    • Total locked JEWEL: 271.8 JEWEL (inaccessible until after Epoch 51 unless unlocked earlier via Heroes)
    • Total rewards: 301.6 JEWEL
    • Lower unlocked JEWEL over the sample period, but allows for use of and potential recompounding/reinvestment of unlocked JEWEL during sample period, which could result in more unlocked JEWEL than not claiming over the same period depending on what you choose to do with such unlocked claimed rewards. The choice is yours!
Epoch
Unlocked at time of claiming
Locked at time of claiming
Example JEWEL Earned during Epoch
Unlocked Claimed during Epoch
Locked Claimed During Epoch
Unlocked Cumulative
Locked Cumulative
Epoch 1
5%
95%
100.0
5.0
95.0
5.0
95.0
Epoch 2
7%
93%
50.0
3.5
46.5
8.5
141.5
Epoch 3
9%
91%
37.5
3.4
34.1
11.9
175.6
Epoch 4
11%
89%
25.0
2.8
22.3
14.6
197.9
Epoch 5
13%
87%
21.9
2.8
19.0
17.5
216.9
Epoch 6
15%
85%
18.8
2.8
15.9
20.3
232.8
Epoch 7
17%
83%
15.6
2.7
13.0
22.9
245.8
Epoch 8
19%
81%
12.5
2.4
10.1
25.3
255.9
Epoch 9
21%
79%
10.9
2.3
8.6
27.6
264.6
Epoch 10
23%
77%
9.4
2.2
7.2
29.8
271.8
Illustrative Example B: Rewards are not claimed until the end of Epoch 10.
  • 10 Epoch Summary:
    • Total unlocked JEWEL: 69.4 JEWEL
    • Total locked JEWEL: 232.2 JEWEL (inaccessible until after Epoch 51 unless unlocked earlier via Heroes)
    • Total rewards: 301.6 JEWEL
    • Higher unlocked JEWEL count by the end of sample period, but unable to use or compound unlocked Jewel during sample period.
Epoch
Unlocked at time of claiming
Locked at time of claiming
Example JEWEL Earned during Epoch
Cumulative UNCLAIMED Unlocked
Cumulative UNCLAIMED Locked
Cumulative CLAIMED Unlocked
Cumulative CLAIMED Locked
Epoch 1
5%
95%
100.0
5.0
95.0
0.0
0.0
Epoch 2
7%
93%
50.0
10.5
139.5
0.0
0.0
Epoch 3
9%
91%
37.5
16.9
170.6
0.0
0.0
Epoch 4
11%
89%
25.0
23.4
189.1
0.0
0.0
Epoch 5
13%
87%
21.9
30.5
203.9
0.0
0.0
Epoch 6
15%
85%
18.8
38.0
215.2
0.0
0.0
Epoch 7
17%
83%
15.6
45.7
223.1
0.0
0.0
Epoch 8
19%
81%
12.5
53.4
227.8
0.0
0.0
Epoch 9
21%
79%
10.9
61.4
230.8
0.0
0.0
Epoch 10
23%
77%
9.4
69.4
232.2
69.4
232.2

Locking Model - Early Unlocking with Hero NFTs

One amazing and unique feature of Defi Kingdoms that sets us apart from any other DeFi exchange out there today is the ability for Heroes to mine locked JEWEL tokens, unlocking them early. Each Hero's stats will determine their ability to unlock JEWEL.

Locking Model - Rationale

This locking model helps the project retain value for the long-term, and ensures only those who see the long-term vision of DeFi Kingdoms jump in and earn the maximized rewards available to early adopters. Further, this locking model both balances the rewards needed to attract early providers of the necessary liquidity against the long term interest of a sustainable price for an in game token and concurrently provides early LP stakers a strategic choice to claim early and compound their staking rewards at the cost of locking more of their JEWEL rewards until after Epoch 51 (unless unlocked earlier by Hero NFTs) or to delay claiming until an Epoch with a higher unlock percentage at an opportunity cost of not being able to utilize any garden rewards in the meantime.
As noted above, once claimed, locked tokens remain locked until the end of the 51st Epoch (estimated in Q3 2022 depending on Harmony block speeds) at which point such locked JEWEL will begin to unlock ratably over the next year (assuming a block speed of 2 seconds per block on the Harmony Blockchain). After the end of Epoch 51 and we reach the point where 100% of newly claimed gardening rewards will be unlocked, all locked tokens previously claimed during the prior 51 Epochs not otherwise unlocked through Hero mining quests will begin to unlock ratably over the year (and will be fully unlocked by approximately Q3 2023 assuming a 2 seconds per block speed on the Harmony Blockchain during such year).

Garden Staking Deposit and Withdrawal Fees

There are no deposit fees for staking LP tokens in the Gardens. To protect against flash loans and pump and dumps, we do implement withdrawal fees for withdrawing staked LP tokens. The withdrawal fees are listed below.
  • 0.01% fee if a user withdraws after 4 Epochs
  • 0.25% fee if a user withdraws after 2 Epochs but before 4 Epochs
  • 0.5% fee if a user withdraws after 5 days but before 2 Epochs
  • 1% fee if a user withdraws under 5 days. *
  • 2% fee if a user withdraws under 3 days. *
  • 4% fee if a user withdraws under 24 hours. *
  • 8% fee if a user withdraws under 1 hour. *
  • 25% slashing fee if a user withdraws during the same block.
*Days/Hours listed assume a 2 seconds per block speed during such period and will depend on Harmony Blockchain speed.
Last modified 2mo ago