👋Intro
Welcome to the new Restakes ecosystem.
Restakes is a fully decentralized and sustainable yield farming ecosystem, operating entirely on-chain. In a nutshell, Restakes offers users a chance to stake their tokens to receive rewards whilst also accruing risk. When a users risk outweighs their reward, they may immutably lose their entire position.
When a user loses their position, a percentage of the tokens are burnt, a percentage are held by the treasury and the rest are recycled back into the reward pools to continue paying out positions.
The Restakes ecosystem is underpinned by a native ERC20 token, $RSX. The $RSX token is used as both a point of investment and as a store of value for users to easily and anonymously farm sustainable yields.
Types of Pool
There are several types of pools available on the Restakes platform, Soft Pool, Hard Pool and Charged Pools. Both Soft and Hard Pools generate risk and reward hourly, whereas Charged Pools generate their risk and reward by the second, creating for a live on-chain "crash" type game where players must time their exit perfectly.
Sustainability-as-a-Service
Partnerships are a part of our core marketing strategy, we don't see other projects as competition but instead as opportunity. Opportunity to help another project reward its community members in a sustainable way with absolutely no upfront commitments from them at all.
All of the Pools hosted through the Restakes platform burn a portion of their pooled tokens each time a player wins (10%) or loses (20%).
Building immutable floors, rewarding community members and burning circulating supply without any financial or time commitment.
Governance
There is no more fitting way to run a truly decentralized organisation than through on-chain governance, putting the most core decisions, strategies and overall direction in the hands of the investors and holders themselves.
Along with burning a small portion of users wins and losses, a small percentage (2%) of all stakes through the ecosystem is taken as a treasury fee in its respective native token.
This fee is then distributed amongst the DAO holders, intact and unwrapped from it's native ERC20 token.
For example, if 1000 $SHIB is accrued from a $SHIB-enabled Pool in treasury fees, that $MONG will be distributed equally to members of the DAO relative to their DAO stake. If there were 10 DAO members, they would each receive 100 $SHIB tokens, and the relative value of any other token fees that have accrued.
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