💰Hyper Staking Platform
In our upcoming second phase, OverTheMoon will introduce a Hyper Staking Platform where users can stake their OVMOON tokens to multiply and boost their rewards. This innovative feature rewards loyal users and encourages active participation in the OverTheMoon ecosystem.
Hyper Staking Rewards:
OVMOON and wOVMOON tokens can be staked within the OverTheMoon protocol to earn more rewards. The reward share is determined by the total sum of staked OVMOON and wOVMOON, incentivizing users to actively participate in the ecosystem.
Staking OVMOON and wOVMOON contributes to the token's liquidity and stability, fostering a vibrant and sustainable community.
OVMOON:
OVMOON serves as the native token for the OverTheMoon protocol and ecosystem. Holders of OVMOON can earn rewards by simple holding or they can maximize and multiply rewards by staking their tokens providing liquidity, obtaining and vesting wOVMOON.
Staking OVMOON allows users to maximize and multiply rewards while contributing to the liquidity and stability of the token.
wOVMOON (escrowed OVMOON):
wOVMOON is a vesting token for OVMOON, providing users with additional flexibility in their participation. It can be staked to earn rewards similar to staking OVMOON or staked into a vesting contract to claim an equivalent amount of unlocked OVMOON over a 1-month linear vesting period.
Staking and Vesting $wOVMOON:
Users can deposit wOVMOON into a vesting contract to claim the equivalent amount of unlocked OVMOON over a 1-month (30 days) linear vesting period. This mechanism provides users with a method to gradually unlock their tokens while still contributing to the ecosystem's stability.
OVMOON Buyback Model:
OverTheMoon employs a buyback model to maintain a stable OVMOON and deflationary supply. A portion of the funds raised will be used to repurchase OVMOON from supported exchanges.
The bought-back OVMOON will be held in a dedicated reserve wallet and utilized to supply rewards in wOVMOON to OVMOON and wOVMOON stakers, enhance liquidity, and potentially reduce the total supply through token burn mechanisms.
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