WAATSA (We Are All The SA)

This is a private staking pool with a time limit entry that commences at the protocol launch and lasts for 14 days. Once the entry period has ended, it will no longer be possible for new users to enter the WAATSA staking pool.

Entry Period

During the 14 day entry period, users have the option to purchase staking NFT’s directly from the smart contract which will represent their stake position(s). The entry period works in a similar way to the HEX Adoption Amplifier in that users choose to run the code, input cryptocurrency, with no expectations, in exchange for a token (in this case, an NFT token). WAATSA NFT’s work exactly like HDRN stakes and will accrue yield in ICSA, however once the entry period has ended, no one else can enter the staking pool. The NFT’s can be sent to another address and/or traded on any compatible NFT marketplace.

The dollar value a particular WAATSA NFT is purchased for will determine how many staking points are assigned to it (1 Staking Point per $1). The more staking points a particular NFT has, the bigger the share of the staking pool yield that NFT will generate. There is no limit to the amount of WAATSA NFT’s a single wallet can purchase.

Accepted Cryptocurrencies:

USDC | WETH | ETH | HEX | HDRN | MAXI

Daily Pool Payout

The WAATSA staking pool calculates the global daily Pool Payout for ICSA yield based on the previous day’s total amount of HDRN burned divided by the HEX Share Rate. The HDRN burning can come from HDRN Liquidation Auctions, HDRN Advance Repayments or from users burning their own HDRN using the Proof of Benevolence function.

Pool Payout Calculation for ICSA Yield:

(DailyHDRNBurned / HexShareRate) = DailyPoolPayout

The WAATSA staking pool will also get a copy of all the ICSA stake bonuses from HDRN and ICSA staking pools, and ICSA bonuses from HSI Buy-Backs.

A particular staker’s daily ICSA yield is calculated based on that user’s share of the total staking pool. For example: If a particular user has a 1% share of the total staking pool and the daily Pool Payout for that day is 100 ICSA, that user will earn 1 ICSA yield. This yield will accrue daily until the user chooses to end the stake, at which point the WAATSA NFT will be burned, the user will exit the staking pool and the yield will be Minted and sent to the user’s wallet. Once the user has exited the staking pool, the yield of all other users who remain in the pool will increase.

Overview

There are no set stake lengths, no minimum or maximum stake lengths and users can end a stake at any time. If the stake is ended the WAATSA NFT will be burned, the user will exit the staking pool and it will no longer be possible to re-enter. As users exit the pool, the yield of all other users who remain in the pool will increase until there is only 1 person remaining in the pool who will subsequently earn 100% of the ICSA yield from the daily Pool Payout.