Nursery

Stake your tokens to claim JLP that was created after bonding

After Launch

after a token successfully gets out of the bonding curve phase, all remaining tokens are added to the LP and sent to the Nursery.

Distributor

Users will be allowed to stake their tokens and receive LP proportional to their amount staked.

Every epoch (6 hours) users that have staked will be able to claim this reward on the Catapus website under the token page.

The rate at which LP is distributed to holders is 0.25% every epoch or ~1% every day.

Deposit

Users can deposit any amount of their tokens into the Nursery. Any unclaimed rewards will be claimed automatically before the deposit is made.

Withdrawal

Users can withdraw their staked tokens anytime. Any unclaimed rewards will be claimed automatically before the withdrawal is made.

Emergency Withdrawal

Emergency withdrawals can be done anytime, and it does not autoclaim rewards.

There is currently a bug that allows users to bypass the 6 epoch withdraw period by callingemergencyWithdrawal. This are plans to change this in the future.

Calculating Rewards

JLP is distributed to stakers every epoch at a rate of 0.25% every epoch. This is 0.25% of the total JLP balance of the contract at the time of claiming.

Lets say John owns 1% of the total supply of a token that was just launched ($TOKEN). If he stakes all his $TOKEN in the Nursery and claims after 4 epoch. He will be able to claim (4 * 0.25% * 1%) of the total JLP in the contract.

In this case, if there was 10000 LP tokens in the contract at the time of claiming, John would receive 1 LP token.

These rewards will remain until there are no more JLP in the Nursery

Burning LP feature

There is a burn LP feature on the nursery page that allows people to burn whatever LP tokens they want to bolster LP.

This will burn your LP tokens, and they will be gone forever.

The Catapus team is not responsible for any token lost through this feature. Please DYOR when interacting with this feature.