CLAY & EigenLayer Points
Last updated
Last updated
Clay Points function as reward points within the ClayStack ecosystem and can be seamlessly converted into CLAY tokens following the Token Generation Event (TGE). This conversion occurs at a 1:1 ratio, establishing a direct correlation between Clay Points and CLAY tokens. The maximum total supply of CLAY token in capped at 100 million.
The distribution of Clay Points is calculated on a weekly basis, aggregating several rewards to determine the total Clay Points earned by users per week. The calculation is as follows:
Total CLAY reward = Base Rewards (R1) + Referral Reward (R2) + Leaderboard RewardCLAY/Week (R3)
Where,
R1 = D× baseRate, where
D = Amount of ETH deposited by User
Note: Currently, baseRate is 20CLAY/ETH/Week.
R2 = (Z × baseRate) × 10%, where
Z = Amount of ETH referred in a week
R3 = (PR (PI) × PC)× D
PR = Reward based on position
PC = Cycles for which position on leaderboard is maintained (Position cycle is 48 hours)
PI = Position on leaderboard
NOTE : PR = { 1: 25, 2: 18, 3: 15, 4: 12, 5: 10, 6: 8, 7: 6, 8: 4, 9: 2, 10: 1 }
Therefore,
Total Rewards= (D × baseRate) + ((X × 0.1) × D) + ((Y × 0.01) × D)+((Z × baseRate) × 10%) +((PR(PI) × PC) × D)
Restaked points quantify your role in enhancing EigenLayer's security, reflecting staking involvement based on the accumulated stake duration.
For instance, a user staking 1 ETH for 1 hour earns 1 restaked point. ClayStack fully distributes all restaking points obtained through its users' deposits.
Note: EigenLayer Restaked points have an approximate 24-hour delay to accommodate the setup and provisioning of Ethereum nodes.
They show on the the ClayStack Dapp once you connect your wallet. These points will accrue in real time per block.
