Case Scenario for Borrowing and Lending Vote-To-Earn
This page intends to give you a case scenario of how Borrowing and Lending Vote-To-Earn work.
Case Scenario
Voting Parameter: Average Successful Borrowing Amount for ALPHA on SOLARR from 1 March 202X to 31 March 202X
SOLARR would submit a proposal to the voting venue with ALPHA details. The voting period would end before 1 March 202X.
Proposal Example:
NFT Collection - ALPHA has been whitelisted on SOLARR for borrowing and lending since 1 January 202X.
Let's join us and guess how much would be the average successful borrowing amount for ALPHA on SOLARR from 1 March 202X to 31 March 202X.
Average Successful Borrowing Amount for ALPHA = Total completed borrowing amount accepted by ALPHA borrowers / No. of completed accepted offers transactions of ALPHA
Average Successful Borrowing Amount will be unified as USDT fro the result. The borrowing transacted by other cryptos / tokens, such as ETH, will be converted to USDT for calculation according to Uniswap market price as of 31 March 202X.
1% (Certain %) of total yield amount generated by ALPHA from 1 March 202X to 31 March 202X on SOLARR (total reward) will be rewarded to the voters with the right option (the winners). Each winner will split the total reward proportionally according to your voted power (the amount of SLCR you have voted for).
ALPHA Project & Community Details:
ALPHA is a NFT Collection sample name for demonstrating the example under SOLARR Vote-To-Earn for Genesis NFT Collection.
Max. Supply: 5,000 NFTs | Floor Price: 10,000 USDT (Updated on Opensea - 20 February 202X)
Total No. of ALPHA Community Members: 70,000 (Updated on 20 February 202X)
More Project Details: (Link)
Voting Options:
Less than USDT 2,000
USDT 2,001 to USDT 4,000
USDT 4,001 to USDT 6,000
USDT 6,001 to USDT 8,000
More than USDT 8,001
By holding SLCR as voting power according to the vote-to-earn mechanism, you could select one of the above options to vote before 1 March 202X.
End of Voting Period:
When the voting period ends, SLCR voted on each voting option would be revealed on the voting venue.
Example:
Less than USDT 2,000
50,000
USDT 2,001 to USDT 4,000
100,000
USDT 4,001 to USDT 6,000
20,000
USDT 6,001 to USDT 8,000
50,000
More than USDT 8,001
80,000
If you are one of the voters in this proposal, you can just sit, wait for the result reveal and see if you are one of the winners and earn.
Results Reveal:
After the certain period of time as stated in the proposal (1 March 202X to 31 March 202X in this example), average successful borrowing amount for ALPHA on SOLARR form 1 March 202X to 31 March 202X could be counted as the result.
*Please note that all data produced on SOLARR is recorded on-chain. SOLARR cannot adjust any data, ensuring the results for vote-to-earn are fair and could be verified.
Example:
From 1 March 202X to 31 March 202X, the average successful borrowing amount for ALPHA is USDT 3,186.68. Hence, the voters who voted for [USDT 2,001 to USDT 4,000] are the winners for this proposal.
If you are one of the winners in this proposal, and you voted for 40,000 SLCR on the option, here is the calculation on how much you would earn:
Total Yield Amount Generated by ALPHA from 1 March 202X to 31 March 202X on SOLARR
30,000 USDT
Total Reward Pool for this Proposal
300 USDT (1% of the above)
Your Voted Power on the Right Option
40,000 SLCR
Total Voted Power on the Right Option
100,000 SLCR
Your Proportion of Voted Power on the Right Option
0.4
Your Reward from this Proposal
120 USDT
*Your Reward from this Proposal = Your Proportion of Voted Power on the Right Option x Total Reward Pool
You will then receive the reward of this proposal from SOLARR to your wallet address that you voted on this proposal.
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