Case Scenario for Lenders Competitions
This page intends to give you a case scenario of how SOLARR would calculate the parameters for a lender competition with SLCR.
Case Scenario
The calculation as shown below would be rounded to 2 decimal places. In actual Lenders Competitions Scores, the calculation would take as much as decimal places as possible.
The case scenario only take USDT as unit for Total Interest Received Generated. In actual calculation, it would involve other cryptocurrency as unit, such as ETH. Other cryptocurrency as unit would be unified to USDT by real-time price oracle and show on Lenders Leadership Board of SOLARR platform, and cut off to the final ranking by the end of each competition.
Sample Data Set (By the end of a 14-Days Lenders Competitions)
Alpha
USDT 10,000
323,232 SLCR
665,383 SLCR
Beta
USDT 8,888
907,423 SLCR
945,345 SLCR
Delta
USDT 12,888
867,453 SLCR
299,234 SLCR
Zeta
USDT 6,888
124,387 SLCR
867,345 SLCR
Eta
USDT 5,999
465,908 SLCR
323,234 SLCR
Theta
USDT 56,899
0 SLCR
2,089,345 SLCR
Kappa
USDT 10
9,345,234 SLCR
10,234,345 SLCR
The ultimate result based on the Lenders Ranking Mechanism (Total Interest Received Generated Contribution Multiplier for each lender has been rounded to 3 decimal places as shown below)
Alpha
0.098
23,782.01
4
Beta
0.088
37,591.96
3
Delta
0.127
40,944.83
2
Zeta
0.068
15,064.31
5
Eta
0.059
13,342.32
6
Theta
0.560
209,702.02
1
Kappa
0.000
387.15
7
Assume
The Total Reward for this Lenders Competition = 0.8% of the Total Interest Received Generated by all loan transactions on SOLARR = USDT 812.576
Jackpot pool from last round Lenders Competition = USDT 0
Overall Total Reward = USDT 812.576
Hence, for the awarded Lenders (rounded to 2 decimal places)
1
Theta
USDT 243.77
2
Delta
USDT 203.14
3
Beta
USDT 162.52
4
Alpha
USDT 121.89
5
Zeta
USDT 81.26
For a supporter who has locked SLCR in this Lenders Competition with the following behaviors:
Locked in Competition locking pool before start
100,000 SLCR
Zeta
Locked in Competition locking pool before start
50,000 SLCR
Alpha
Locked and Unlocked in 5th Day with 60,000 seconds
1,000,000 SLCR
Theta
Locked and Unlocked in 10th Day with 80,000 seconds
90,000 SLCR
Delta
Locked and Unlocked in 13th Day with 24,686 seconds
500,000 SLCR
Theta
Locked and Unlocked in 14th Day with 70,000 seconds
100,000 SLCR
Theta
The Reward (rounded to 2 decimal places) for this supporter from each Lender Ranking Reward Pool would be as follow:
USDT 19.60
USDT 5.66
USDT 3.32
USDT 0.96
Sample reward calculation from Lender Theta Ranking Reward Pool for this supporter locking SLCR and unlocking SLCR on 5th Day Regular Support: = ((1,000,000 x 9.52% x 60,000/84600) / 2,089,345) x (243.77 x 40%) = USDT 3.15
Sample reward calculation from Lender Zeta Ranking Reward Pool for this supporter locking SLCR in Competition Locking Pool of Lender Zeta before competition start: = (100,000/124,387) x (81.26 x 30%) = USDT 19.60
The overall reward received by this supporter for this Lenders Competition: USDT 29.54
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