Staking Pools

BlockSwap's Smart Pools work the same as the other official BlockSwap Staking Pools, the big innovation here is how the funds and rewards are gradually released over a certain timeframe once the initial period of locking has finished.

Once into Smart Pools section we can see which pools are available. On each Smart pool you will see the time frame of the staking as well as the rewarding period. You will also see the rewards plus the extra bonus.

Once the initial locking period ended, the pay-out phase begins and the Smart Pools start to release a percentual value of the funds plus the rewards daily. The rewards are cumulative, this means that users do not need to redeem their $XMT every day.

A new Smart Pool has an initial Looking phase, for example, of 180 days followed by a gradual release phase of another period, let's say 90 days: this configuration of the Smart Pool woluld designated as "Smart Pool 180 + 90", denoting the sequential duration of each phase. In addition to this, the new Smart Pool on Ethereum will have a special feature that will make it sustainable: the reward comes from the buyback of XMT made with the Premium that are payed by the dApp users.

APY determined by BlockSwap ’s dApp usage!​

Every time a new Hedging Contract position is opened, the Premium paid by the user will be accumulated by the Smart Contracts and partly used as a reward for the ETH Smart Pool. The more BlockSwap ‘s Hedging Contract Tool is used, the more APY this Pool will have.