Rewards and Calculation formula
This section provides detailed formulas and explanations on the factors influencing your daily minting rewards, including minting assets, minting power, and price fluctuations of LYK tokens.
Rewards Calculation for Auto Linking Off
Step 1: Determine Each User’s Tokens and locking Limit
Locked tokens Calculation:
The Locked tokens are determined by the number of tokens you linked and the price of LYK tokens at the time of linking.
Formula:
Tokens locked =(Day 0 Token count * Day 0 link price) + (Day 2 Token count * Day 2 link price) + (Day N Token count * Day N link price)
Staking Limit:
The maximum number of tokens you can stake depends on the chosen plan/machine and is limited by your available tokens relative to the current price of LYK tokens.
Formula:
Link Limit =(plan/machine Link Limit - Total tokens locked for the user) / Current LYK Price
Step 2: Reward Calculation
Daily Reward Calculation:
Rewards are calculated daily at 00:00 UTC. The key factors involved in the calculation are:
All Time High (ATH): The highest price LYK has reached since you started link.
Percentage Fall from ATH: This measures how much the LYK price has dropped from its ATH.
Formula:
Percentage Fall from ATH = (ATH - LYK Price) / ATH
Decrease Level Price (DLP): The LYK price at the time of enrollment, adjusted based on price falls from ATH.
Inflation Rules:
% Fall in the LYK Price | Decrease production | Increase DLP | Minting Boost |
0% | 0.00% | 0.00% | 0 |
5% | 0.00% | 0.00% | 0 |
10% | 5.00% | 5.00% | 0 |
15% | 5.00% | 5.00% | 0 |
20% | 10.00% | 10.00% | 0.01 |
25% | 10.00% | 10.00% | 0.01 |
30% | 15.00% | 5.00% | 0.02 |
35% | 20.00% | 5.00% | 0.03 |
40% | 25.00% | 5.00% | 0.04 |
45% | 30.00% | 5.00% | 0.05 |
50% | 35.00% | 5.00% | 0.06 |
55% | 40.00% | 5.00% | 0.07 |
60% | 45.00% | 5.00% | 0.08 |
65% | 50.00% | 5.00% | 0.09 |
70% | 55.00% | 5.00% | 0.1 |
75% | 60.00% | 5.00% | 0.11 |
80% | 65.00% | 5.00% | 0.12 |
85% | 65.00% | 5.00% | 0.12 |
90% | 65.00% | 5.00% | 0.12 |
95% | 65.00% | 5.00% | 0.12 |
Production Decrease Calculation:
When the LYK price falls or remains unchanged, use the % fall from ATH to fetch the production decrease % from a predefined table.
When the LYK price increases, calculate the % fall from DLP.
Formula:
Percentage Fall from DLP = (DLP - LYK Price) / DLP
Minting Power:
Minting power is determined by your chosen plan/machine and remains fixed once defined.
Minting Boost is common for all users and applicable to the overall NodeK program. At the launch of NodeK the minting boost will be 0.00%. When the LYK price falls from previous day price, the % fall from ATH value is used to fetch the boost value from the table added in earlier section
Formula:
Minting Power = Plan's Base Minting Power + Minting boost
Reward Calculation:
Your daily reward is calculated based on your minting power, the number of staked tokens, and the reward rate.
Formula:
Daily Reward = Total Tokens locked Value * Minting Power * Production Reduction * 0.7
Rewards Calculation for Auto linking On
Step 1: Determine Each User’s Token Locked value and link Limit
Token Locked Value Calculation:
For Auto linking On, your Token Locke Value includes the rewards received in addition to the staked tokens.
Formula:
Total Token locked value = (Previous Day token amount) + (Previous Day $ Rewards)
Daily Auto Linking:
Rewards from the previous day are added to your token locked value amount daily and summed into the staked equivalent token at the prevailing LYK price for that day.
Step 2: Reward Calculation
The calculation logic is the same as for Auto linking Off.
Reward Calculation:
Formula:
Daily Reward = Total token locked Value * Minting Power * Production Reduction
For further assistance or inquiries, consult our support documentation or contact our customer support team. Happy minting!
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