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How DeFi Kingdoms Works
JEWEL Gardens
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.
Epoch
Block
JEWEL/block
JEWEL/minute
1
16,350,367
256
7680
2
16,652,767
128
3840
3
16,955,167
96
2880
4
17,257,567
64
1920
5
17,559,967
56
1680
6
17,862,367
48
1440
7
18,164,767
40
1200
8
18,467,167
32
960
9
18,769,567
28
840
10
19,071,967
24
720
11
19,374,367
20
600
12
19,676,767
16
480
13
19,979,167
15
450
14
20,281,567
14
420
15
20,583,967
13
390
16
20,886,367
12
360
17
21,188,767
11
330
18
21,491,167
10
300
19
21,793,567
9
270
20-35
22,095,967
8
240
*Listed emissions are spread out across all gardens. See the Seed Box for pool-specific emission rates.
The current block is number is shown in the bottom right of the game screen, or players may 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
Claimed locked JEWEL will remain locked until block 31,772,767, which marks the end of Epoch 51. Locked rewards will begin unlocking ratably at that time over the following 52 Epochs. At the time of writing, unlocking is estimated to begin in Q3 2022; however, network latency has already extended the duration of most Epochs and it is not possible to determine a specific date when this block will be reached.
The percentage of JEWEL that is unlocked began at 5% in Epoch 1 and increases by 2% each Epoch. Unclaimed rewards continue to unlock on this schedule until claiming, at which time unlocked rewards go directly into the player's wallet and locked rewards become fully locked until the end of Epoch 51.
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
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. Each withdrawal resets the fee timer. 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 5d ago