---
# System prepended metadata

title: "\U0001F9D1‍\U0001F33E\U0001FA99 wpokt/ETH Staking Site"
tags: [WPOKT]

---

## Project Values
- Accessibility and Adoption (v2 pools, old school SNX Rewards contract)
    - entry level defi, provide links to pertinent information (what is staking/farming/LPs)
    - Uni v2 over v3, using the SNX Rewards
- FUN!!!
    - Maintain wpokt design for header and footer but more 8bit and quirky for the meat
- Standalone dApp
    - not connected to wpokt or main foundation page
- Wide Adoption

## Needs
- Header
    - Match wpokt
- Clear and concise info and steps to stake
    - Links out for info
    - Link out for v2 Pool
- Stake/Unstake + Farming
- BASIC STATS
    - Your Stake
    - Yeild/day
    - APY
- Footer 
    - Match wpokt

## Specifics (TBD)
- 100k of liquidity for rewards?
    - 50k and 50k for rewards? two rounds?
- ??? time scale for farming rounds
- Fee paid out?

## Questions?
- Can we get away with auditless release?
- how easy is it to add rounds? renew farming rewards?
- Uni vs Balacer
    - UNI all the way
- Delivery?
    - with the release of wpokt 
- Additional pool?
    - stable coin pair
    - arbitrage oportunity 

## Considerations from the team
- DESIGN
    - New assets for the "fun" section
        - requires new meeting with client for determining feel
    - reuse header and footer
    - Should be similar amount of work to the bridge build

---
## APY calculation

- Calculating the APY from staking rewards can be a little bit tricky.
- APY = compounding growth of yield over a set period of time.  APYs are different based on the frequency that they are compounded.  Typical APYs are compounded monthly.
- APR = basic yearly yield without compounding
- APR = (total_locked_tokens * price_per_staked_token)/(total_yearly_reward_tokens * price_per_reward_token)
    - Gets even more complicated with LP tokens because calculating the TVL requires determining the amount of underlying tokens held by the corresponding staked LP tokens.
    - Thus if the TVL is $1 million; and there will be $100,000 in rewards over a year; the APR is 10%.

- APY calculations have a frequency.  The APY captures the gain of an APR figure if the yield is compounded; aka re-staked.  Note that the compound frequency rate is the number of times within a year that the yield will be compounded.  Most likely 12; for monthly compounding.
    - Here's a simple formula for calculating APY:
    - APY = (1 + APR / compound_frequency_rate)^compound_frequency_rate - 1
    
So let's use the same example from above to illustrate this; remember that APY and APR are expressed as percentages instead of floating point decimals - but when we use them in calculations we use the floating point decimal:

- 10% APR (0.1) = (10,000 total_staked_tokens * $100 price_perstaked_token)/(200,000 total_yearly_reward_tokens * $0.50 price_per_reward_token)
- ~10.47% APY for Monthly Compounding (0.1047) = (1 + 0.1 APR/12 compound_frequency_rate)^12 compound_frequency_rate - 1
