DigitsMainframe — Ecosystem Explainer [Staking, Points, Boosters]
Bullish on the Digits Ecosystem? In this article we will take you through all the latest updates in the ecosystem, including points, staking, NFT utility, and much more! Learn all about staking, generating points and getting boosters!
Note, information in this article is subject to change. The products are not live yet.
Our first major update is that Agents will not directly grant access to the whole Ecosystem. Agent NFTs will yield Points, which will be the key to the Ecosystem. DigitsPad Allocation NFTs will also yield Points that will be usable across the whole Ecosystem. However, the number of Points yielded by Allocation NFTs will be less than the Agents (~5 times less).
Each of the abovementioned NFT collections will be available for staking on the DigitsMainframe.
DigitsMainframe is where your account will be created and your wallet will be connected. It will be your central control center for the DigitsEcosystem. Here you will be able to check your Points and allocate them across the various products and services in the ecosystem. You will have to burn points in order to get access to certain tools.
The Mainframe transaction flow only works one way — you can send your points to products, but you cannot get them back to your Mainframe account.
How the Points are accumulated
The ‘Staking’ Tab of the DigitsMainframe will look as follows:
There are two core pools in the DigitsMainframe protocol.
DigitsAgents NFT and DigitsPad Allocation NFT pools, both of which yield reward points.
The higher the lock duration and amount of NFT’s staked, the higher the amount of reward points received.
After clicking ‘Stake’, you will see the following page:
There are two main staking options in the DigitsMainframe protocol.
You can choose between (1) the amount of NFT’s you would like to stake and (2) the duration of the locked staking.
A higher amount of NFT’s staked results in a higher stack booster (compounding multiplier).
A longer duration locked staking results in a higher duration booster.
The maximum number of NFTs to stake will not be limited to 10. However, the compounding goes from 1 to 10. Staking more than 10 NFTs only grants the base increment of points.
The more you increase staking duration, the bigger duration booster you get. For example, if you select 0 days, your points booster is -50% (point yield will reduce if you do not lock). If you lock your NFT for 365 days, you get a 100% duration booster.
You will be able to find a complete overview of your Points in the Dashboard.
As you may see, there is a tool called DigitsRedeemer, which will be used to transfer the points across the Ecosystem.
For example, access to TrackDigits will function on a point subscription base. You will activate the subscription in your Mainframe account and then it will automatically renew.
Note, in order to participate in the pools in DigitsPad, you will need to stake your points through the DigitsRedeemer.
To prevent manipulation of the pools, the Redeemer will be frozen 24 hours before the pool opens.
You may have spotted Point NFTs on the Ecosystem plan.
First of all, we would like to highlight that though it is in the pipeline, it will not go live for the next 4–6 months.
However, we can already share some ideas.
Obviously, as time passes, there will be more and more people willing to join the Ecosystem. Potentially those who joined early and accumulated a lot points, will be able to create an NFT using DigitsPoints. In future these NFTs might be sold at the DigitsMarketplace.
In the initial launch phase the Marketplace will be live, but it will not be used to sell Points. The DigitsMarketplace will go live as a whitelist marketplace. Note, whitelist pools are being moved from DigitsPad to the Marketplace.
Based on staking requirements, the top-100 users will be granted access to Governance where the voting will take place. This will replace the Chosen DAO. Those inactive will be automatically removed from Governance. On the contrary, people that are extremely active can be granted additional perks (e.g. veto rights).