The Evergon Staking Protocol provides a flexible solution for creating staking pools with customizable rules. Staking pool creators can choose from a variety of staking rules and configurations or set their own staking rules. This allows the creation of diverse and customized staking use cases, rather than adhering to a specific set of rules.

Set up Your Rules

Within your staking platform, eligible users can create individual staking pools tailored to meet specific requirements (staking pools may differ based on duration, accepted assets, rewards, etc.).

These customizable parameters include:

Set criteria for participants to be eligible for staking.
Set the start and end dates for the staking pool.
Specify the types of tokens that participants can lock, including their addresses.
Define the duration for which the assets need to be locked.
Define minimum and maximum staking amounts along with the soft and hard caps.
Choose the reward distribution algorithm (e.g., rate-based, pre-stake, or complex reward distribution).
Specify the reward tokens and their addresses distributed to participants.
Apply multipliers to enhance rewards based on staking duration and staking amounts.
Establish rules for withdrawals (you can include penalty conditions for early withdrawals).

Setting Permissions

Ensure proper compliance and access control with the following steps:

ComPilot Configuration: Set up compliance rules for the investors who want to do staking.
Market Type: Decide whether the market is public or private (i.e., whether you invite people or not).

Configuring Rewards

Rewards are a crucial part of the staking pool:

Yield Calculation: Rewards are calculated based on a multiplier applied to the staked assets.
Withdrawal Rules: Staking pool creators can choose from a variety of staking rules and configurations or set their own staking rules. For example, they can limit asset withdrawals to only after the lock period ends or allow rewards to be withdrawn without the need to unstake the assets.