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 exchange their tokens for PSM in a novel way
FLASH is deposited and sent to the Flashstake Treasury – after 90 days, users can withdraw PSM in return (like a delayed FLASH-for-PSM swap except the PSM total increases during the locking period)
While staking, depositors accrue “Energy Bolts,” which can be used to send PSM to various Possum-related addresses such as the Treasury and HLP Portal
Distributing Energy Bolts, or “Bolting,” increases the speed at which the depositor earns Energy Bolts, which can then be redeemed for additional PSM
Bolting also allows members of other communities (like Flashstake) to participate in Possum resource allocation by depositing their tokens
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 events typically end up draining a protocol of its liquidity and causing relentless sell pressure on its token.
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 projects, enabling a collaborative environment
Maintain maximum freedom for the user
Our first Time Rift accepts Flashstake’s FLASH token as deposits, and converts them into PSM tokens. The depositor will be able to withdraw PSM 90 days after their most recent FLASH deposit.
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 will also be 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 will be sent to the Flashstake Treasury as well.
There is no maximum staking duration, so depositors can keep earning PSM as long as rewards last.
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