MEDICARE READIES THE LAUNCH OF ITS NEW WEBSITE
The Acutene MediCare is all set to launch its website. To celebrate the occasion, we will also launch our staking Dapp. The platform, along with the Dapp, will go live on September 27.
“Wanna earn daily USDN reward? In addition to our numerous plans for hodling our token? It's simply, buy 10,000 and above of MediCare token. Our DPY is 0.0001% so if you have 10k of the token you're entitled to 0.01 USDN per day" Acutenemedicare said in a tweet.
Users will require Acutenemedicare’s native $MEDICARE token to stake on our Dapp on the website. Furthermore, the website will include all the Waves Duck farm information which is own by the CEO of MediCare.
On the platform, users will be able to stake and earn USDN daily. However, initially, the platform will only allow 10,000 and above holders of the token to earn the daily reward. Once things are up and running smoothly, it will expand the benefit to other ranges or classes of holders.
MediCareSquad: The new Website and Staking Dapp view.
As soon as the website goes live, Medicare will launch it's own staking protocol called staking derivatives
STAKING DERIVATIVES
🔹 X-amount shall mean amount of MediCare Token (MDC) to be staked.
🔹 N-days shall mean a locking period of X-amount of MDC. N-days can be from 7-90days.
🔹 S.Yield shall mean the staking yield earned in USDN.
Note: Staking formula accumulates DPY of each tier in dapp contract for N-days and locks percentage yields in blocks until its expiration, before withdrawals can be performed by stakers. On withdrawal, both locked amount and staking yield is released to users from dapp-script automatically.
STAKING FORMULA:
USDN Yield = (X-amount * % DPY in USDN) * N-days
Total Bal = X-amt + S.Yield.
Example of Staking:
Britts has 100,000 MediCare Token (MDC) in his wallet and He decided to stake 100,000 $MDC for 30 days, instead of just leaving the asset fallow. What is his USDN Yield at considering its tier DPY?.
Applying Staking Formula
USDN Yield = (X-amount * DPY%) * N-days
USDN Yield = (100,000 * 0.0001%) * 30
USDN Yield = 0.1 * 30
USDN Yield = 3 USDN.
At the end of locking period (30 days), the user can interact with dapp for withdrawal. This will return both the staked MDC and accumulated DPY earning in USDN. Note, DPY are only paid with Staking Dapp is invoked, henceforth.
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