PoolHive

Each Liquidity Pool has a PoolHive object associated with it, to which users can stake the pool's LP tokens.

The PoolHive struct represents a distinct PoolHive object linked with a LiquidityPool, allowing users to stake the LiquidityPool's LP tokens. It encompasses details such as the total and unbonding LP tokens, accumulated HiveGems, a global index for LP token HiveGems, the last claiming epoch etc.

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LP incentives distribution

A segment of the HIVE supply is allocated for dispersal as Liquidity Provider (LP) incentives within the DegenHive ecosystem. This allocation is managed via PoolHive objects, each specifically associated with a LiquidityPool that operates using Automated Market Maker (AMM) protocols.

HIVE distribution among LP stakers through PoolHive objects follows a structured processis executed as :

  1. Initial Allocation: A portion of the HIVE supply is allocated to the PoolsGovernor Profile during launch, managed within a PoolsGovernor shared object for governance.

  2. Distribution Schedule: Orchestrated by the PoolsGovernor, a schedule outlines start and end epochs, along with the total HIVE for dissemination across all PoolHive objects.

  3. Incremental Distribution: Over the first 5 years, there's a 25% annual increase in total HIVE distributed per epoch, followed by a 14.285% increase for the next 5 years.

  4. Governance Flexibility: Distribution volume and epochs can be adjusted via governance proposals.

  5. Allocation Among PoolHive Objects: HIVE is proportionately distributed among PoolHive objects based on a hive_points system, ensuring equitable rewards.

HIVE earned by PoolHive per epoch=Total HIVE distributed ∗hive_points∑hive_pointsHIVE\,earned\,by\,PoolHive\,per\,epoch = Total\,HIVE\,distributed\,*\frac{hive\_points}{\sum{hive\_points}}

  1. LP Stakers' Earnings: LP stakers' HIVE earnings are determined by the hive_points allocated to their respective PoolHive, fostering democratic reward distribution.

HIVE earned by LP staker=HIVE earned by PoolHive ∗LP stake by userTotal LP stakedHIVE\,earned\,by\,LP\,staker = HIVE\,earned\,by\,PoolHive\,*\frac{LP\,stake\,by\,user}{Total\,LP\,staked}

  1. Deciding Hive Points : The allocation of hive_points to each PoolHive is determined through protocol governance, ensuring a fair and democratic distribution of rewards among all participants in the ecosystem.

Third Party Incentives

Each PoolHive is capable of supporting up to three third-party rewards simultaneously. These rewards can be added by submitting a proposal through the pool governance mechanism managed by the PoolHive.

Additionally, proposals can be passed to update mathematical or fee-related parameters for the LiquidityPool governed by the PoolHive.

Governance through PoolHive

HiveProfile owners can stake their LP coins with PoolHive shared objects, which oversee pool governance and reward distribution.

Also Read

  • Governance

  • AMM Pools

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