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poolpartyyy.com
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What is Pool Party?
A CryptoCurrency Staking Game
Pool Party is a decentralized finance (DeFi) platform that utilizes the Ethereum blockchain to enable users to stake and earn rewards in various liquidity Pools. The platform operates as a game that encourages users to make strategic decisions about which Pool to join, based on factors such as the annual percentage rate (APR), lock-up period, and the risk associated with each Pool.
Pools
Pools 1 and 2 operate as a Cournot-style competition where players stake $PARTY in a single-sided Pool. The losing pool pays out 10% of their tokens to the winning Pool every day. On the other hand, Pool 3 offers a variable APY for players to stake $PARTY-ETH LP tokens. Rewards are earned every 24 hours, and this Pool carries no risk of losing tokens to other pools. However, Pool 3 will only be available for 14 days.
Design
Pool Party is designed to incentivize players to stake their tokens and burn them through various mechanisms, ultimately creating a deflationary token with high liquidity.
Epoch System
The game runs on an epoch system where each epoch lasts for one day. During the first 8 hours of each epoch, players must choose which Pool to stake their tokens in. After the 8-hour period ends, staked tokens become locked for 16 hours. After the lockup period ends, staked tokens can be unstaked and transferred. By default, tokens remain staked in the Pools after the epoch ends. Players also have the option to pay a 1% fee on their staked tokens to jump from one Pool to the other. Balances are dynamically adjusted each epoch, so there is no need to claim rewards.
Party Token
The $PARTY token is the native token of the Pool Party game, and it will have a total supply of 1 billion tokens. The token allocation is divided into different categories.
First, 40% of the $PARTY tokens are allocated to Pool 3 emissions. These tokens will be distributed over a period of 14 days as rewards for users who stake their $PARTY-ETH LP tokens in Pool 3. The emission schedule is designed to gradually increase the amount of $PARTY tokens added to the pool each day, starting from an initial seed amount on day 1 and linearly increasing over the 14-day period.
Second, 20% of the $PARTY tokens are allocated to contributors at the time of the game launch. These tokens may be distributed to individuals or entities that have contributed to the development, launch, or promotion of the Pool Party game.
Next, 20% of the $PARTY tokens are reserved for the team behind Pool Party. These tokens may be allocated to the developers, founders, or other team members.
Finally, 20% of the $PARTY tokens are allocated to an Ecosystem Fund. This fund can be used for various purposes related to the growth and development of the Pool Party ecosystem, such as liquidity mining incentives, partnerships, marketing, or community initiatives.
Overall, the token allocation of $PARTY in Pool Party is designed to incentivize participation, reward contributors, support the development team, and promote the growth of the Pool Party ecosystem.
Pool 1 and Pool 2
What are Pool 1 and Pool 2?
Pool 1 and Pool 2 are single-sided staking Pools within the Pool Party cryptocurrency game, which facilitate a Cournot-style competition among staked tokens. This is achieved by allowing participants to stake their $PARTY tokens in either Pool 1 or Pool 2, with the losing Pool paying out 10% of its tokens to the winning Pool each day. Winnings are distributed proportionally to the size of each participant's stake and remain staked until the user decides to withdraw.
Fees
There is a 1% fee to stake in Pool 1 or Pool 2. Additionally, another 1% is assessed when unstaking from Pool 1 or Pool 2. During the locked phase of each epoch, players cannot unstake from Pool 1 or Pool 2.
However, users can hop their entire staked balance from one pool to another with variable fees.
During the locked phase, players can hop their staked tokens from one Pool to another for a 1% fee. During the unlocked phase, pool hopping carries no fees.
Win Percentage
The win percentage for each Pool is determined by a risk-neutral pricing methodology grounded in the theory of martingale systems. Specifically, the win percentage is a function of the ratio of tokens staked between the two Pools. Key takeaways from this design feature include the fact that the larger Pool always has a higher win percentage than the smaller Pool, and the smaller Pool can potentially earn more tokens if it wins than the larger Pool.
APR
Finally, each Pool offers a variable APR, which is continuously recalculated based on the total number of tokens staked in the other Pool. Specifically, the APR for Pool A is determined by 0.1 times the total number of tokens staked in Pool B, multiplied by 365, while the APR for Pool B is determined in a similar fashion using the total number of tokens staked in Pool A.
Summary
In summary, Pool 1 and Pool 2 are designed to incentivize participants to stake their tokens and engage in a competitive staking environment, with the ultimate goal of creating a deflationary token with high liquidity. The use of a Cournot-style competition and dynamic APRs serve to promote efficient resource allocation and provide participants with a fair chance at earning rewards.
Favor
What is Favor?
In the Pool Party game, players can use "Favor" to influence the win rate of a particular Pool. Favor is a mechanism that provides a bonus to the win rate of a Pool based on the ratio of one Pool's Favor to the other. The maximum bonus that Favor provides is 25%, which is only achieved when the ratio of one Pool's Favor to the other is infinitely high. In practice, this means that the maximum bonus is achieved when one Pool has Favor and the other Pool has none.
Examples
If Pool 1 has 10 Favor and Pool 2 has 5 Favor, the Favor ratio is 100%, resulting in a bonus of 12.5%.
If Pool 1 has 13 Favor and Pool 2 has 10 Favor, the Favor ratio is 30%, resulting in a bonus of 3.75%.
How Favor is Calculated</strong
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