Time Rift

DeFi’s first positive sum community onboarding tool.

• Time Rift uses an incentive structure that avoids the common problems associated with airdrops and liquidity mining

• It onboards users from other DeFi communities (such as Flashstake) by allowing them to transform their tokens into PSM in a novel, engaging way

• Depositors can actively shape distribution decisions about a given incentive budget

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Unlike incentive structures such as airdrops and liquidity mining, Time Rift benefits its users while attempting to avoid being dominated by the infamous “mercenary capital” and “sybil attacks.” Both of these practices typically end up draining a protocol of resources with little to no long term benefit.

In other words, they’re negative-sum!

Instead, Time Rifts are designed around three core pillars:

• Reward constructive activity & involvement with the project (more than bag holding)

• Create a positive value feedback loop for both communities, enabling a collaborative environment

• Maintain freedom of choice for the user

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Our first Time Rift accepts Flashstake’s FLASH token as deposits, and converts them into PSM tokens. The depositor can withdraw PSM 90 days after their most recent FLASH deposit.

When staking FLASH, users receive a claim balance equal to the amount of FLASH staked. This claim balance can be withdrawn as PSM later.

Users also accrue Energy Bolts over time. These units can be distributed to whitelisted addresses and leave the contract in the form of PSM. This means, allocating 1 Energy Bolt to an address commands the Time Rift to send 1 PSM to that address. The purpose is to give users control over how PSM incentives should be allocated. As a reward for directing these incentives, the claim balance of a user increases by 1 for every 1 Energy Bolt distributed. This effectively motivates stakers to be involved in ecosystem decisions and directly shape incentives.

After the FLASH-to-PSM conversion, the deposited FLASH tokens will be sent to the Flashstake Treasury address. So, not only does Possum benefit from the increase in token-holders and community members, but Flashstake also benefits from assets being sent to their Treasury.

There is an option for depositors to withdraw their assets before the 90-day minimum staking time. In this case, the user receives their FLASH tokens back, minus a 2% penalty fee. The penalty is sent to the Flashstake Treasury as well.

There is no maximum staking duration, so depositors can keep earning PSM as long as rewards last.