Elite Tiers v2 Variant 1
DEB v2 - Vote Passed
Last updated
DEB v2 - Vote Passed
Last updated
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:
| T.Range | T1 | T2 | T3 | T4 | T5 | T6 | T7 |
|---|---|---|---|---|---|---|---|
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
| T1 | T2 | T3 | T4 | T5 | T6 | T7 | |
|---|---|---|---|---|---|---|---|
| T1 | T2 | T3 | T4 | T5 | T6 | T7 | |
|---|---|---|---|---|---|---|---|
100
1
5
10
50
100
500
1.000
500
2
10
20
100
200
1.000
2.000
1000
5
25
50
250
500
2.500
5.000
5000
10
50
100
500
1.000
5.000
10.000
10.000
20
100
200
1.000
2.000
10.000
20.000
50.000
50
250
500
2.500
5.000
25.000
50.000
100.000
100
500
1.000
5.000
10.000
50.000
100.000
SubTier 1
1
105
610
1.650
6.700
17.100
67.600
SubTier 2
2
110
620
1.700
6.800
17.600
68.600
SubTier 3
5
125
650
1.850
7.100
19.100
71.600
SubTier 4
10
150
700
2.100
7.600
21.600
76.600
SubTier 5
20
200
800
2.600
8.600
26.600
86.600
SubTier 6
50
350
1.100
4.100
11.600
41.600
116.600
SubTier 7
100
600
1.600
6.600
16.600
66.600
166.600
SubTier 1
1.01x
1.09x
1.24x
1.47x
1.85x
2.46x
3.45x
SubTier 2
1.02x
1.11x
1.27x
1.52x
1.93x
2.59x
3.66x
SubTier 3
1.03x
1.13x
1.30x
1.57x
2.01x
2.72x
3.87x
SubTier 4
1.04x
1.15x
1.33x
1.62x
2.09x
2.85x
4.08x
SubTier 5
1.05x
1.17x
1.36x
1.67x
2.17x
2.98x
4.29x
SubTier 6
1.06x
1.19x
1.39x
1.72x
2.25x
3.11x
4.50x
SubTier 7
1.07x
1.21x
1.42x
1.77x
2.33x
3.24x
4.71x