Staking
Staking allows users to participate and earn from the Mystic ecosystem.
How Staking Works
- Stake $Mystic at any time.
- Your DPY rate is locked at the moment you stake — it will not change until you unstake or compound.
- Yield is calculated per-second but credited on unstake or compound.
- Users can manually unstake or use the compound button to:
- Harvest current yield
- Add it to their principal
- Lock in a new DPY (at the current global rate)
- Preserve active cards and slots
- Apply a cooldown (default: 7 days)
DPY Curve
Mystic employs a dynamic rate mechanism: a new DPY is calculated every minute. High-rate windows create strategic yield spikes, rewarding users who participate in events and spaces, using playing cards or well-timed stakes.
- Base DPY = 0.05-0.3%
- The global DPY changes every minute based on a controlled algorithm.
- This curve is not random — it’s strategically biased to spike during moments of community activity or engagement campaigns.
Sustainability
MysticDAO is a part of the larger Mystic ecosystem, which ensures sustainability through a diverse range of revenue streams.
The Mystic Dapp
- The Mystic Dapp empowers the Mystic ecosystem. Every on-chain interaction collects a small gas fee which is revenue for the project.
- Revenue will be used for buybacks on the $Mystic token.
Card Packs
- Card packs allow users to increase their staking yield.
- Revenue from card packs is used for buybacks of the $Mystic token.
MagicSwap
- MagicSwap is our own swap that uses a proprietary router.
- The swap market is large generating over $1B in fees per year, we aim to achieve 5-10% market share which will greatly support the Mystic ecosystem.
- Holders are able to earn up to 50% on referral codes
- MagicSwap also has weekly and monthly leaderboards where users can earn thousands for using the cheapest and faster swap.
- Revenue from MagicSwap will be split 50/50 - half in buybacks. and the other half to fund giveaways and referrals
Updated 3 months ago
