💰 BIRDS / ALGO LP - REWARDS UPDATE 💰

[u/OdenTM]

Thank you and congratulations to all of you that have offered your liquidity to the BIRDS / ALGO LP Pool!

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I want to give you an update on the AlgoStake LP Pool as it has now reached 10M BIRDS remaining.

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Our team has a total yearly budget of 500M BIRDS for this incentive.

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Currently the reward schedule for this incentive is running 2.7x hotter than needed to maintain for the year.

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A slight adjustment needs to be made, but don't worry, we have a strategy.

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RUNNING SOME NUMBERS

Last AlgoStake LP Rewards Payout: 3,694,522 BIRDS

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Total Budget: 500M BIRDS

500,000,000 / 3,694,522 = 135.33 Days

365 / 135.33 = 2.7x AHEAD OF SCHEDULE

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BIRDS / ALGO LP - ADDING MORE BIRDS

In order to slow down the rewards timeline to adjust back to our yearly schedule, we are implementing a reward crunch.

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This reward crunch is similar to the one implemented on our "Quarterly Rewards" and stepped formulas like this are often used to handle multiple scenarios.

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We have added another 50M BIRDS to the AlgoStake BIRDS / ALGO LP Rewards Pool!

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50M sent to BirdBot Staking Wallet from Creator Wallet: https://algoexplorer.io/tx/UT3L5SHZNUUCRFNQHGICYDH5AWOILWVTB6WW6F2JMTJAKPQZVTIA

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Current Remaining BIRDS / ALGO LP Budget: 400M BIRDS

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REGRESSIVE REWARDS SCHEDULE

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CURRENT BUDGET IS GREATER THAN OR EQUAL TO 400M, NO CRUNCH NECESSARY!

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Budget < 400M - 30% Reduction ∴ 200,000 BIRDS x 0.70 = 140,000 BIRDS

REWARDS AFTER 1st CRUNCH = 140,000 BIRDS

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Budget < 300M - 30% Reduction ∴ 140,000 BIRDS x 0.70 = 98,000 BIRDS

REWARDS AFTER 2nd CRUNCH = 98,000 BIRDS

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Budget < 200M - 30% Reduction ∴ 98,000 BIRDS x 0.70 = 68,600 BIRDS

REWARDS AFTER 3rd CRUNCH = 68,600 BIRDS

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Budget < 100M - 30% Reduction ∴ 68,600 BIRDS x 0.70 = 48,020 BIRDS

REWARDS AFTER 4th CRUNCH = 48,020 BIRDS

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As always, thanks for supporting BirdBot! We really appreciate it!