Noah Token Model FAQ

1. Staking module

1. Stake NOAH, but did not claim back when it expired.

In order to prevent users from failing to retrieve the expired NOAH in time, the inspector role is introduced. They help stakers to obtain fair rewards, remove the expired NOAH out of the contract, and obtain certain rewards at the same time.

· If it is withdrawn within 7 days after the expiration, there will be no loss. Users can choose to re-stake for a certain period to continue to receive rewards.

Case: The user stake 10 NOAH and expired at 0:00 UTC on June 15, 2023, and all 10 NOAH and rewards can be withdrawn at 12:00 UTC on June 17, 2023.

· If it is not retrieved more than 7 days after the expiration, the staking principal will be deducted based on the overtime to reward the inspector, and the stakers will suffer some losses.

Inspector Reward = Amount of NOAH Tokens Staked * 0.5 * (Exceeded Time - 7 days) / 90 days

Note: Inspector rewards are up to 50% of the user's staking amount

Example: The staking of 10 NOAH expires at 0:00UTC on 2023/06/15, and 9.6944 NOAH can be withdrawn at 12:00UTC on 2023/06/27, of which the inspector rewards 0.3056 NOAH.

2. How to become an inspector and get rewards, please refer to the operation guide for contract operations.

(Waiting for development to provide code-related information)

3. When can the staking reward be claimed?

The NOAH staked by the user will count the staking rewards from the current epoch, and the next epoch can receive the rewards of the previous epoch.

Case: The user stakes NOAH at any time in Epoch 1, and the staking expires at the end of Epoch

Epoch 1 starts counting staking rewards, and Epoch 1 staking rewards can be claimed in Epoch 2.

Epoch 2 starts counting staking rewards, and Epoch 2 staking rewards can be claimed in Epoch 3.

Epoch 3 starts counting staking rewards, and Epoch 3 staking rewards can be claimed in Epoch 4.

Since the end of epoch 4, the staking has expired, therefore, you cannot continue to receive rewards from the previous era.

2. Unlock the esNOAH module

1. How to increase the upper limit of unlocking esNOAH?

The upper limit of unlocking represents the maximum amount of esNOAH that a user can currently unlock, which is determined by the amount of NOAH staked by the user.

2. How to speed up unlocking?

The unlocking of esNOAH is released linearly, and the unlocking cycle is determined by the length of staked NOAH. The fastest you can get is 182 days with a full unlock.

Formula: Unlock period = 52 weeks - number of weeks the user stakes NOAH / 6

3. Farm module

1. What does the farm APY consist of?

The farm APY comes from transaction fees, esNOAH mining and other token mining. Among them, users who hold veNOAH can obtain up to double yield when they stake LP mining on the farm.

· Transaction fee: 0.2% of the transaction amount that users can earn by providing liquidity.

· esNOAH mining: users who hold veNOAH can earn from esNOAH mining after staking LP.

· Other token mining: Users who hold veNOAH can earn from other token mining after staking LP.

Note: esNOAH is a non-transferable token.

2. How to calculate the farm APY that the user has staked?

· First of all, according to the formula, the number of LP is calculated for the users holding veNOAH.

Formula: Boosted LP = min (the number of LP staked by the user, the number of LP staked by the user * 0.5 + the total amount of LP staked in the liquidity pool * (1-0.5) * the user's veNOAH / total veNOAH issuance)

· Then, according to the boosted LP, the corresponding proportion of this week reward of the liquidity pool will be obtained.

· Users who stake the same amount of LP, the higher the veNOAH they hold, the higher the farm reward they will get.

4. Voting

1. How to modify the distribution ratio of the voting liquidity pool?

· Users can only vote once in each epoch. Revocation or modification of votes are not allowed. Please utilize 100% of your voting rights to ensure maximum revenue.

· Users can only change or reset votes in the next epoch.

2. What if the user forgets to vote?

· If the user has voted before, the unmodified vote will continue to the next epoch, and vote rewards and bribe rewards can still be obtained.

· If the user has never voted, he will not receive any voting or bribery rewards.

3. When can voting rewards be claimed?

Users participate in voting, and the voting rewards will be counted after the vote is successful, and the rewards can be collected in the next epoch.

Note: If your votes are 0 at the end of an epoch, you will not be able to claim the voting rewards for that epoch.