Multiplier Points and Compounding

Multiplier Points

A nod to loyal holders, Multiplier Points enhance rewards without inflation. By staking AXN, you accrue Multiplier Points consistently at a predetermined rate. Each Multiplier Point amplifies the WETH token APRs equivalently to a standard AXN token.

When you stake AXN, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 AXN staked for one year would earn 1000 Multiplier Points.

Multiplier points can be staked for fee rewards, each staked multiplier point will earn WETH / BASE at the same rate as a regular AXN token.

When AXN or Escrowed AXN tokens are unstaked, the proportional amount of Multiplier Points are burnt. For example, if 1000 AXN is staked and 500 Multiplier Points have been earned so far, then unstaking 300 AXN would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.

NOTE: To transfer staked tokens without burning Multiplier Points, use the "Transfer" button on the Earn page.

The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points. For example, if the ETH APR is 10% and you have $10,000 worth of AXN and esAXN, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of AXN and Escrowed AXN, your "Boost Percentage" would display as 20%, and you would get an extra \$200 of WETH rewards annualized.

The “Boost Percentage” is calculated based on the ratio of Multiplier Points to your total amount of staked AXN:

Boost Percentage = 100 * (Staked Multiplier Points) / (Staked AXN + Staked esAXN).

Last updated