The McBase ShareBox Opens For Business Tomorrow!
Following swiftly from our delicious launch, we are now excited to announce that our ShareBox will open for business tomorrow on Friday 25 August, 2023 at 6pm UTC.
What’s a ShareBox?
The ‘ShareBox’ is our unique liquidity mining program that aims to distribute the majority of the McBase supply to those community members who contribute to the health of the ecosystem (liquidity providers) in a fair, permissionless and predictable manner.
What’s in the ShareBox?
In total, ~33% of the total McBase supply has been locked safely away in the ShareBox. The ShareBox will release this supply to ETH/MCBASE liquidity providers over multiple phases.
The first of these phases shall commence tomorrow, Friday 25 August, and will see 950 $MCBASE (~33% of total supply) distributed over a 21 day period.
Staking bonuses will be applied the longer you stay in the ShareBox (see our FAQ section below)
How do I use the ShareBox?
The $MCBASE held in the ShareBox geyser unlocks gradually over time. Stakers receive these $MCBASE based on amount and duration staked.
To deposit and start earning rewards, simply follow the steps outlined below:
- Deposit $ETH and $MCBASE into Uniswap to receive ETH/MCBASE Uni-V2 LP tokens (https://app.uniswap.org/#/add/v2/ETH/0x43a9C989597eFeAdf11Faec609Ad8df7d3C18cDb)
2. Next, navigate to our website, connect your web3 wallet and stake your Uni-V2 LP tokens in the ShareBox (https://www.mcbase.finance/sharebox)
3. Sit back and watch your delicious $MCBASE rewards roll in!
FAQ
Who holds the funds?
The geyser contract holds the Uni-V2 LP tokens that are staked within the ShareBox.
How is my pool share calculated?
The ShareBox reward pool slowly unlocks over time. When you unstake, you are able to claim a % of the unlocked pool.
Your pool share is calculated by: staking token time / global staking token time:
How do bonus periods work?
The Sharebox geyser is meant to incentivize long-term liquidity providers and project supporters.
As such — whilst there are no staking lockups — there are incentives to stake for longer.
When you start staking, you begin at 1x bonus multiplier.
Each day you hold, you get an increase on your multiplier (increases linearly and reaches 1x on day 21).
When you unstake, your reward multiplier resets.
- Day 0: 0.3x multiplier
- Day 10.5: 0.7x multiplier
- Day 21: 1x multiplier (max)
As long as you don’t unstake, you keep your reward multiplier for additional stakes.
- Example: You stake 10 Uni-V2 LP in the ShareBox on launch (day 1) and don’t touch it. On day 10.5, you’ll have a 0.7x reward multiplier. On day 10.5, you stake another 20 Uni-V2 LP, you’ll get the 0.7x reward multiplier on your entire stake (30 Uni-V2 LP tokens).
- When you unstake, your reward multiplier resets.
TL;DR
- Keep your stake for at least 21 days without unstaking to maximize your rewards (you can add more at any time to maintain your reward multiplier).
- You can check your current stake amount and reward balance in the dashboard.
Does $MCBASE still rebase in the geyser?
Yes — $MCBASE supply changes are universal and affect all users proportionally, including the ShareBox geyser contract wallet.
When you unstake, you’ll get the same Uni-V2 LP tokens back, but the amount of $MCBASE you receive may vary.
