BitUSD Whitepaper
  • Introduction
    • Overview
    • Background
    • Goal
    • Links
  • Product
    • btcUSD
    • Collateralization
    • Minting and Redemption
    • Liquidation
    • Asset Utilization
    • Compatibility
  • Native Token
    • BT Token
    • Distribution Mechanism
    • Governance mechanism
  • Incentive Mechanism
    • Staking Rewards System
    • Liquidity Mining
    • Governance Rewards
    • Collateral Liquidation Profits
  • Roadmap
    • Roadmap
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  1. Incentive Mechanism

Staking Rewards System

Our Staking Rewards System is designed to encourage users to collateralize their BTCB tokens to mint btcUSD. When users collateralize their BTCB tokens, they are rewarded with BT, the native token of the BTCoin project. This rewards system creates an added incentive for users to participate in the project and helps to ensure the stability of the btcUSD token's value.

The Staking rewards system includes the distribution of btc liquidation profits to holders of btcUSD. When the collateralization ratio falls below 120%, and the collateralized BTCB tokens are liquidated, the profits from the liquidation are distributed to holders of btcUSD. This mechanism further incentivizes user participation and helps to promote the stability of the btcUSD token's value.

The rewards system is designed to be simple and accessible to all users, regardless of their level of experience in the decentralized finance space. By rewarding users for their participation and distributing profits to holders of btcUSD, we can create a vibrant and active community of users who are committed to the success and stability of the project.

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Last updated 1 year ago