Announcement of ClubRare DeFi Launch
We are launching ClubRare DeFi, the foundation of the economic system of ClubRare Universe. Additional updates confirmed in February will also be announced. The product is currently available to use via Kaikas wallet on PC, and the mobile version and other wallets will be added in the future.
January 31, 2022: Single Token Staking using Fixed APY (Annual Percentage Yield)
- We are launching our single token staking using fixed APY.
- ClubRare Governance Token (AGOV): Est.APR : 11.34%, APY (Compounded daily) : 12%
- ClubRare Utility Token (MPWR): Est.APR : 26.25%, APY (Compounded daily) : 30%
- Staking and fixed rate will be maintained until the launch of variable APY and the Lock-Up system in February 2022, but the APY is subject to change after notice, and the actual rate earned follows the interest rate at the time of claiming the staked tokens. In other words, the actual rate is based on the value of ClubRare Governance Token (AGOV) and ClubRare Utility Token (MPWR) at the time of claiming the tokens, not at the time of starting staking.
- Please be advised that we indicate both APR (Annual Percentage Rate) and Compounded daily APY (Annual Percentage Yield). APR (Annual Percentage Rate) stands for the expected annual simple earnings rate from staking, and APY (Annual Percentage Yield) stands for the expected annual compound earnings rate from repeated redepositing. These are just estimated figures, not absolute figures.
- AGOV: ClubRare Governance Token: 0x588c62ed9aa7367d7cd9c2a9aaac77e44fe8221b
- MPWR: ClubRare Utility Token: 0xad27ace6f0f6cef2c192a3c8f0f3fa2611154eb3
February 2022: Lock-Up + Single Token Staking using Variable APY (Annual Percentage Yield)
- We have identified the ClubRare community’s strong need for a Lock-Up system and a DeFi system using APY through various channels. We believe that this will greatly help vitalize the ClubRare community’s economic system in the long run.
- In February 2022, we will launch Lock-Up and Variable Staking systems.
- Lock-Up Staking provides a Lock-Up system and a higher APY (Annual Percentage Yield) depending on the lock-up period.
- Variable Staking can provide flexible APY (Annual Percentage Yield) according to community opinions and TVL (Total Value Locked).
- Please be advised that the users can change Fixed Staking to Variable Staking at their discretion at the time of the launch of Variable Staking in February.
Future Updates on ClubRare DeFi
Once the official version of ClubRare DeFi launches, we will provide additional information related to the reward policy for the ClubRare Governance Token (AGOV) matrix.
ClubRare DeFi
ClubRare DeFi is the foundation of the ClubRare economic system that contributes to the ClubRare Universe Ecosystem through continuous updates.
ClubRare Universe is an ecosystem that ClubRare builds with our community members to create a collector-centered world.
Each sub-product has a reward system that encourages the active participation of the community so that the community members can earn rewards through various activities based on their personal interests.
Through the economic scale created by the active participation of the community, ClubRare Universe’s economic system will continue to expand and evolve.
With this, we aim to create a future where the ‘Collectors’ in the ClubRare Universe become an occupation. ClubRare is a community collaborating with these collectors.
ClubRare DeFi: Liquidity Supply
- It will be started by single token staking at the time of the launch. From then on, additional rewards and activities will continue to be updated by depositing LP (Liquidity Provider) tokens and supplying token liquidity through staking.
- With the active reflection of the ClubRare community’s opinions, we will launch Lock-Up and Variable APY Staking systems in February.
Single Token Staking of ClubRare Governance Token (AGOV)
- It is a governance token that determines ClubRare Universe’s community policies used for physical NFT trading and supports the DeFi function.
- ClubRare Utility Token (MPWR) will be rewarded for the single token staking.
- Once the fixed rate of 12% is provided, no further APY (Annual Percentage Yield) adjustment will be made without notice.
- In February, we will launch a Lock-Up system and a higher APY (Annual Percentage Yield) depending on the lock-up period.
Single Token Staking of ClubRare Utility Token (MPWR)
- It is a utility token for ClubRare Metaverse used for user rewards and metaverse digital goods purchases and supports the DeFi function.
- ClubRare Utility Token (MPWR) will be rewarded for the single token staking.
- Once the fixed rate of 30% is provided, no further APY (Annual Percentage Yield) adjustment will be made without notice.
- In February, we will launch a Lock-Up system and a higher APY (Annual Percentage Yield) depending on the lock-up period.
- Users can start using the token through the Kaikas wallet on PC. Users can add the mobile version and other wallets.
ClubRare DeFi: Rewards
- From the launch date, it offers liquidity mining for ClubRare Utility Token (MPWR).
- ClubRare Utility Token (MPWR) will be rewarded for the single token staking of ClubRare Governance Token (AGOV) and ClubRare Utility Token (MPWR).
- LLC (Lazy Leo Club) Mining is scheduled to be launched. The launch date will be announced separately.
ClubRare DeFi: NFT Gallery
- ClubRare Online’s various physical and digital NFTs will be provided in the form of a gallery. Users can easily find their NFT assets on the blockchain from the gallery.
- In the ClubRare Metaverse, which starts the Closed Alpha test in 2022, NFTs can be used for display and various activities, such as guild and battles. Thereby, the open metaverse will start in earnest.
ClubRare DeFi: Mainnet Expansion
- ClubRare Universe is a cross-chain project that connects different ecosystems. With this, users can freely participate in multiple mainnets without restrictions.
- We only support the Klaytn mainnet at the time of the launch, but Ethereum and other mainnets will be continuously added in the future.
- ClubRare pursues an Open Metaverse project that innovates the area of DeFi. Along with the innovation, we will continue to collect opinions from the community for the sustainability and growth of the project and update accordingly.
