EDEN & EDEN Boost

EDEN

EDEN is a vesting ‘inflationary reward’ token that is earned by both stakers & liquidity providers. After earning EDEN, a user can choose to do the following with it:

• 'Claim it' Once claimed, the EDEN is accounted for in a user's wallet and further actions listed below can be performed.

• ‘Commit it’ to the network. Committed EDEN earns the same rewards as 'staked' ELYS. This is a means to compound the EDEN rewards. A user can un-commit their EDEN at any time. The un-committing process is immediate ( no un-bonding period). Once a user uncommits their EDEN, they can then choose to do any of the options with it (ie: vest it or re-committ it).

• ‘Vest it’ for ELYS. If a user chooses to vest EDEN for ELYS, EDEN will vest linearly over a 90 day time period. During the vesting process, the vesting EDEN is burned. After the vesting process is initiated, the corresponding EDEN is locked and vests linearly into ELYS at a 1:1 ratio, over a 90 day time period. When EDEN is in the vesting process, by definition it is not committed, which means that vesting EDEN will not earn any additional rewards. Every pre-defined number of blocks, an amount of EDEN is ‘vested’ into liquid ELYS that will automatically deposit in user wallets and do what they want with. A user may choose to cancel the vesting at any point during this time.

EDEN-Boost

EDEN-Boost is a multiplier token that is earned while ELYS is ‘staked’ or EDEN is ‘committed’. Its purpose is to reward long-term users.

The APR for at which EDEN-Boost is earned is 100%. EDEN-Boost can also be ‘committed’ further to earn additional EDEN. EDEN-Boost is a way to multiply the rewards for staking ELYS or ‘committing’ EDEN for a longer period of time. Boost % = (EDEN-Boost Earned)/( ELYS staked+ EDEN ‘committed’)

If ELYS is unstaked or EDEN is ‘un-committed’ then EDEN-Boost is burned ( both ‘committed’ and ‘uncommitted’) in proportion to the amount of ELYS unstaked or EDEN ‘un-committed’.