Create a stake(6,6) Stake system

Background:

MetaversePRO has been successfully operating for nearly one month. And, in that short period of time, we have achieved an index of 1.67 and grown to a community of over 25,000! The community has definitely come through for us in a big way, and we couldn’t have achieved this success without the community. However, the recent overall cooling down in the crypto markets has made it more challenging for us to achieve another strong price breakout. For a new project, it is important that we come up with a solution to push the project to new heights. And, that’s just what we aim to do!

Motivation:

As you all are aware, MetaversePRO is a fork of Olympus DAO, which means our most important asset is our community. So, with the aim of expanding the community and, at the same time, rewarding our loyal diamond hand members, the Core Development Team has come up with an exciting new strategy, which will create a new (6,6) Staking Pool (like a Diamond Hands Club), that will allow holders to to stake their wrapped sMeta (wsMeta) into the (6,6) Staking Pool to earn another layer of rewards on top of the rewards that their wsMeta continues to earn from the original (3,3) Staking rewards. So, double rewards from two pools at the same time with the wsMeta token!

Summary:

1. The Team will withdraw 20,000~50,000 sMeta from the Team’s own multisig wallet and wrap it into wsMeta, and this will serve as the prize pool and will be distributed to those in the (6,6) Staking Pool on an hourly basis.

2. Each day, a maximum APR of 5% (adjustable) will be earned from the (6,6) Staking Pool, and distributed to holders on an hourly basis, and this will require manual claim and restake. The amount you can claim each hour will be calculated as follows: Amount of wsMeta Staked x APR / 24.

3. (6,6) Staking Pool Lockup Rules Users simply need to stake their Meta on MetaversePRO, for which they then receive sMeta. They then wrap their sMeta into wsMeta (wrapping can be done directly and easily on the Metaverse PRO site in the App section). You then take your wsMeta to stake in the (6,6) Staking Pool, with the time you stake your wsMeta in the (6,6) Staking Pool as the time of record for when you joined. Once staked in the (6,6) Staking Pool, your wsMeta needs to stay locked for 5 days (each time you claim, or reinvest, the 5-day clock restarts). Early withdrawal is possible but subject to loss of any undistributed rewards plus a penalty of 30% of wsMeta principal staked.

4. Each day (10pm UTC to 10 pm UTC) 25% - 40% of new funds added into the Treasury during the preceding 24-hour period will be used to buy back Meta from the market, converted to wsMeta, and then add it to the Prize Pool for distribution to the (6,6) Staking Pool members. In the event that the Prize Pool becomes too low, the team may also use extra Meta from Bond creation to top up the Prize Pool again (this will be adjusted as necessary so as to achieve sustained, long-term high APY under the 6,6 model).

5. In order to keep inflation in check, the original staking (3,3) APY will be lowered by about 1% per day, but the (6,6) Staking Pool will offer super high APY so you won’t even miss that 1%.

6. The (6,6) Staking Pool is a complete Rewards Pool; so, going forward, it will also contain different pools within it for different uses。Other pools, for example, might produce GameFi Buffs or new game exp. But, whichever pool you choose, you will be sure to still receive the same APR, so you won’t miss out on anything based on which pool you prefer to go with.