Flight of the Navigator Update v12
So cool we’re hot!
Hey there Crushers! An update is more than due, so wanted to just let everyone know where we’re at.
After a full week of testing and a slight overhaul of our amazing single asset, dual reward Staking Pool 2.0, everything is working beautifully and we’ve officially submitted all changes to auditors. We now just await their green light.
This could come today, or it could come Monday, we’re still not sure, but we’re feeling super solid about where we are with things.
As soon as we get signed off, we’ll announce with 24 hours to launch. This means we could launch Saturday, or if they need more time it could be as late as Tuesday. Either way it’s soon.
What we’ll do is this, if it looks like we won’t be able to launch this weekend, we’ll invite our testers back in to play with the full functioning platform and let them go wild for a few days before we go live. Either way its going to be a super fun weekend!
Staking Pool 2.0 — Frozen Bonus
There is an update to the Staking Pool 2.0 functionality I wanted to update everyone on. This isn’t due to testing over this week, but rather I wanted to see if our updates would change any of the functionality before I announced it since it’s pretty awesome! Please note this section will be added as an update to the original Staking Pool 2.0 article.
If you haven’t read that article, I suggest going through it here before continuing:
https://bitcrusharcade.medium.com/flight-of-the-navigator-update-v11-7b151272b8c1
One thing that we noticed is that to keep gas costs low (the transparency we add to centralized games requires a ton of syncing with the blockchain which isn’t cheap), it wasn’t feasible to lock frozen funds up for every staker individually and permanently when we are in extended periods of drawdown. This is because as players win and lose, that frozen amount will be constantly changing, meaning every few blocks would require updates, syncing, etc.
What this means is that if a staker withdraws during a frozen period, their % of the staking pool will be frozen and unavailable for withdraw. However, as they withdraw, their % of the total pool decreases, and therefore their frozen share decreases as well, and they can withdraw again effectively exiting the pool completely and pushing the frozen shares on to others. Additionally, as users enter and leave the staking pool during frozen times, their % of the pool changes and therefore so does their frozen amount.
So we needed a way to deter stakers from leaving the staking pool during these frozen periods, and reward stakers for sticking it out since we’re all in this together.
Here’s what we landed on:
- During Frozen periods withdraws are limited to once every three hours.
This allows us time to recoup funds before any FUD based exodus occurs. You still have access to your full amount (minus frozen), and don’t forget you will still be paid APY on your full staked amount (including frozen). However over time you still may exit completely.
- During Frozen periods, withdraws will incur a 15% withdraw fee.
What’s great about this is that the fee gets added directly to the stakers bankroll to recoup funds faster. Meaning that when someone does withdraw during frozen times, they are contributing to recouping funds and getting us back in profit sharing territory much quicker.
Finally and most exciting;
- During Frozen periods, APY will be boosted by 25% for stakers!
This means just for hanging in there together with everyone else, you’ll participate in the APY rewards boost, meaning your profits increase during good times and bad, just for helping out fellow Crushers!
Never forget, as long as there is a house edge, losses are temporary, and it’s a statistical certainty that they will be recouped over time.
Ok my lovely lovely Crushers! Keep an eye out for our exciting announcement, plus many new and exciting contests, promotions, and even new products coming very soon. We have some very big things in progress, so lets just get across this finish line so we can all start to:
