Elite Tiers v2 Variant 1

DEB v2 - Vote Passed

Midas Chain will see Elite Tier revalued and implemented at the protocol Level, as a global variable, to be used for all reward computations mechanism that require it.

The goals of the new Elite Tiers v2 are:

  • Increase Tier Granularity, by introducing a system of 7 Tiers, each with 7 Sub-Tiers.

  • Better DEB™ values and granularity for smaller investors.

  • Increase Tier Thresholds for even longer cumulation periods.

The Elite Tiers v2 Thresholds were modelled using the following Tier Ranges and Steps:

In other words:

  • To complete T1 Tier, you need to cumulate 100 Elite-AURYN

  • To complete T2 Tier, you need to cumulate another 500 Elite-AURYN (5x increase from previous amount)

  • To complete T3 Tier, you need to cumulate another 1.000 Elite-AURYN (2x increase from previous amount)

  • To complete T4 Tier, you need to cumulate another 5.000 Elite-AURYN (5x increase from previous amount)

  • To complete T5 Tier, you need to cumulate another 10.000 Elite-AURYN (2x increase from previous amount)

  • To complete T6 Tier, you need to cumulate another 50.000 Elite-AURYN (5x increase from previous amount)

  • To complete T7 Tier, you need to cumulate another 100.000 Elite-AURYN (2x increase from previous amount)

Do note that:

  • Even Numbered Tiers require a 5x amount increase from previous Tiers.

  • Uneven Numbered Tiers require a 2x amount increase from previous Tiers.

Considering this observations, the actual Elite-AURYN Thresholds are as follows:

As for the DEB™, each Tier and SubTier, will increase it with the following Promille amount, following a Fibonacci Sequence:

  • Tier 1: 10‰ increase for each SubTier

  • Tier 2: 20‰ increase with each SubTier

  • Tier 3: 30‰ increase with each SubTier

  • Tier 4: 50‰ increase with each SubTier

  • Tier 5: 80‰ increase with each SubTier

  • Tier 6: 130‰ increase with each SubTier

  • Tier 7: 210‰ increase with each SubTier

This will generate the following DEB Multipliers:

Considering the DEB Multipliers one can conclude that these new DEB Multipliers are more favourable to small investors, and less favourable to larger investors, which was one of the goals of the Elite Tiers v2 Design, and is depicted below:

  • 500 Elite-Auryn: v1 Tier 1 = v2 Tier 2.2 | v1 DEB = 1.10x; v2 DEB = 1.19x

  • 1.000 Elite-Auryn: v1 Tier 2 = v2 Tier 3.5 | v1 DEB = 1.30x; v2 DEB = 1.36x

  • 2.000 Elite-Auryn: v1 Tier 3 = v2 Tier 4.3 | v1 DEB = 1.60x; v2 DEB = 1.57x

  • 5.000 Elite-Auryn: v1 Tier 4 = v2 Tier 4.6 | v1 DEB = 2.00x; v2 DEB = 1.72x

  • 10.000 Elite-Auryn: v1 Tier 5 = v2 Tier 5.5 | v1 DEB = 2.50x; v2 DEB = 2.17x

  • 20.000 Elite-Auryn: v1 Tier 6 = v2 Tier 6.3 | v1 DEB = 3.10x; v2 DEB = 2.72x

  • 50.000 Elite-Auryn: v1 Tier 7 = v2 Tier 6.6 | v1 DEB = 3.80x; v2 DEB = 3.11x

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