ICOSA (ICSA) Crypto Currency
Icosa is a cryptocurrency that allows users to stake their HDRN (Hedron) in order to earn ICSA yield from the daily Pool Payout. The Pool Payout is determined by the total amount of HDRN burned the previous day, divided by the HEX Share Rate. Users can burn their own HDRN using the Proof of Benevolence function, or it can come from HDRN Liquidation Auctions or HDRN Advance Repayments.
HDRN Staking (ICSA Yield)
Icosa is a cryptocurrency that allows users to stake their HDRN (Hedron) in order to earn ICSA yield from the daily Pool Payout. The Pool Payout is determined by the total amount of HDRN burned the previous day, divided by the HEX Share Rate. Users can burn their own HDRN using the Proof of Benevolence function, or it can come from HDRN Liquidation Auctions or HDRN Advance Repayments.
To calculate a particular staker’s daily ICSA yield, their share of the total staking pool is taken into account. For example, if a user has a 1% share of the total staking pool and the daily Pool Payout is 100 ICSA, the user will earn 1 ICSA yield. This yield accumulates daily until the user decides to end their stake, at which point the yield is Minted and the stake principal and yield are sent to the user’s wallet.
There are minimum stake lengths that are determined using a bonding curve based on the stake size. There are also stake bonuses on ICSA yield that are based on a stake’s position in the bonding curve when the stake is ended. For example, a stake with a minimum length of 90 days and a stake size of 0.001% or more of the HDRN supply is eligible for a 5% bonus on yield.
Users can add more HDRN to their stake at any time, with no limit to the number of times this can be done. If more HDRN is added, the minimum stake length is recalculated based on the stake’s new position in the bonding curve and reset to Day 0.
There are no set or maximum stake lengths and users can end their stake at any time, but if they do so during the minimum stake length period, they will incur a penalty on both principal and yield based on the percentage of time remaining.
The early end stake penalty for HDRN is 50% burned and 50% added to the ICSA staking pool, while the penalty for ICSA is distributed to all pools.
ICSA Staking (ICSA & HDRN Yield)
Icosa is a cryptocurrency that allows users to stake their ICSA in order to earn yield in both ICSA and HDRN through the daily Pool Payout. The ICSA staking pool calculates the daily Pool Payout for ICSA yield based on the previous day’s total amount of HDRN burned, while the HDRN yield is based on the previous day’s total amount of HDRN borrowed from HSI’s sold to the ICOSA contract using the HSI Buy-Back function.
Users can earn yield by holding a certain percentage of the total staking pool. For example, if a user has a 1% share of the staking pool and the daily Pool Payout for that day is 100 ICSA, the user will earn 1 ICSA yield. The yield will accrue daily until the user decides to end their stake, at which point the yield will be Minted and the stake principal + yield will be sent to the user’s wallet.
There are minimum stake lengths that are determined by a bonding curve based on the stake size. Additionally, there are stake bonuses on ICSA yield that are calculated based on a stake’s position in the bonding curve when the stake is ended. Users can add more ICSA to their stake at any time, with no limit to the number of times it can be added to, and the minimum stake lengths are recalculated based on the stake’s new position in the bonding curve.
If a user decides to end their stake before the minimum stake length period, the stake will incur a penalty on both principal and yield on a percentage basis of how many days are left in the minimum stake length. For example, a stake with a minimum stake length of 90 days that is ended after 81 days would be 90% complete and would therefore incur a 10% penalty on both principal and yield. The HDRN penalty is burned and distributed to the ICSA staking pool, while the ICSA penalty is distributed to all pools.
HSI Buy-Back
Icosa is a protocol that allows users to sell their HSI NFTs (a type of digital asset created by the Hedron protocol) to the ICOSA protocol in exchange for ICSA (a digital currency). The price of the HSI NFT is determined by the amount of HDRN (another digital currency) that can be borrowed against it and the HEX Share Rate (a value that reflects the total amount of HDRN and HEX in circulation) at the time of the sale.
The formula for calculating the price of an HSI NFT is: (HSI’s Borrowable HDRN / Hex Share Rate) = ICSA. In addition to the base price of an HSI NFT, there are two types of bonuses that can be applied when selling an HSI NFT to the ICOSA protocol: the Hedron Launch Bonus and the QuattroCinco Bonus.
The Hedron Launch Bonus is a percentage increase in the price of an HSI NFT that is based on the HSI’s Hedron Launch Bonus value (a value that ranges from 1x to 10x). The QuattroCinco Bonus is a 10% increase in the price of an HSI NFT that is applied to HSI NFTs with a total stake length of 5,555 days (the maximum HEX stake length).
Icosa Stake Points
Icosa has a staking system that allows users to earn yield in different pools using ICSA, HDRN, and WAATSA NFTs. Yield is earned based on a user’s share of the pool, which is calculated using stake points. Stake points for HDRN and ICSA staking are determined by dividing the amount staked by the HEX share rate, while WAATSA NFT stake points are based on the purchase amount in dollars.
Users can add more capital to their stakes at any time, which will reset the minimum stake length and increase their stake points. When a stake is ended, any accrued yield is minted and added to the stake principal, which is then sent to the user’s wallet. Stake points are removed from the pool when a stake is ended.
There are also bonuses on ICSA yield based on the position of a stake in the bonding curve when the stake is ended.
The course was well-structured and covered the most necessary details about the currency. I feel more knowledgeable about this new technology and am excited to see where it goes.