Solaris is a unique ecosystem model that is based on deflation. For staking rewards, we don't need to mint tokens and inflate the supply of $SLR token. Our contracts does not have mint function, instead of we have in-built burning function in our staking contract.
How the system works?
Solaris is using a new type of solution to provide the UNIW+ ETHW rewards for the staking pool. To eliminate the token minting, we have implemented several ways to monetise the staking pool:
- Transaction Fees: On every sell transaction, there is a 4% fee and the contract split into UNIW and ETHW tokens which is automatically added as rewards in the staking pool. There will also be a 2% fee on purchases for the first 48 hours, which will automatically be added to the staking pool for the stakers. The purchase fees will be reduced after the expiry date.
- Early Unstaking Fee solution for the Farm, which means a 15% fee for if you want to unstake within 6 weeks. This mechanism ensure the price of the SLR and allow stakers to enjoy the high APYs without getting sceptic, because if someone early unstake their tokens, helps stakers with even higher APYs.
