Rewards

There are three rewards to long term users of the protocol, these rewards come in the form of Escrowed ODX,Platform Fees in ETH and Multiplier Points.

As a ODX staker

ODX stakers receive:

• ETH rewards: 30% platform fee in ETH(Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.)

• Escrowed ODX token rewards: esODX tokens can staked for rewards similar to regular ODX tokens, and esODX can become actual ODX tokens over a period of one year through vesting.

• Multiplier Points rewards: Multiper Points can be used to boost the ETH rewards apr of stakers, which means staker will receive more ETH rewards.

As a OLP staker

OLP tokens are automatically staked.

OLP stakers receive:

• ETH rewards: 70% platform fee in ETH(Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.)

• Escrowed ODX token rewards: esODX tokens can staked for rewards similar to regular ODX tokens, and esODX can become actual ODX tokens over a period of one year through vesting.

• OLP profit: The OLP token price based on the value of index tokens, OLP price increase when the value of index token increase.

Vesting

Escrowed ODX (esODX) tokens can be converted into ODX tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of ODX or OLP tokens that was used to earn the esODX rewards will be reserved.

For example, if you staked 1000 ODX and earned 100 esODX tokens, then to vest 100 esODX tokens, 1000 ODX tokens will be reserved. To vest 50 esODX, 500 ODX tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

esODX tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.

After initiating vesting, the esODX tokens will be converted into ODX every second and will fully vest over 365 days. esODX tokens that have been converted into ODX are claimable at anytime.

If a user sells ODX or OLP tokens and would like to vest their esODX rewards later on, they would need to re-buy the ODX or OLP tokens.

ODX, esODX and Multiplier Points can be used interchangeably for the required reserve amount.

Depositing into the vesting vault while existing vesting is ongoing is supported.

Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens as well as pause vesting. Upon withdrawal, esODX tokens that had been vested into ODX will remain as ODX tokens.

Multiplier Points​

Multiplier Points reward long term holders without inflation.

When you stake ODX, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 ODX staked for one year would earn 1000 Multiplier Points.

Multiplier points can be staked for fee rewards, each staked multiplier point will earn ETH at the same rate as a regular ODX token.

When ODX or Escrowed ODX tokens are unstaked, the proportional amount of Multiplier Points are burnt. For example, if 1000 ODX is staked and 500 Multiplier Points have been earned so far, then unstaking 300 ODX would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.

To transfer staked tokens without burning Multiplier Points, use the "Transfer" button on the Earn page.

The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points. For example, if the ETH APR is 10% and you have $10,000 worth of ODX and esODX, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of ODX and Escrowed ODX, your "Boost Percentage" would display as 20%, and you would get an extra $200 of ETH rewards annualized.

The “Boost Percentage” is calculated based on the ratio of Multiplier Points to your total amount of staked ODX:

Boost Percentage = 100 * (Staked Multiplier Points) / (Staked ODX + Staked esODX).

Distribution Rate​

Escrowed ODX will be distributed to staked ODX and OLP according to the schedule in the latest snapshot vote.

Managing Rewards​

The options to manage rewards are on the Earn page.

An explanation of the options:

• Stake Multiplier Points: This will claim and stake your Multiplier Point rewards.

• Claim ODX Rewards: This will claim any pending ODX tokens from esODX that has been vested and converted to ODX tokens.

• Stake ODX Rewards: This will stake the ODX after it has been claimed.

• Claim esODX Rewards: This will claim any pending esODX rewards.

• Stake esODX Rewards: This will stake the esODX after it has been claimed.

• Claim WETH Rewards: This will claim any pending WETH rewards.

• Convert WETH to ETH: This will convert the claimed WETH rewards to ETH .

These options can be accessed through either the "Compound" or "Claim" button on the Earn page.