1. Getting Apollo Token
There are two ways for investors to get Apollo tokens.
The first option is to buy tokens from the internal Swap. However, choosing this option means they have to pay a Swap Buy Tax.
The tax percentage starts at 20% for the first Lobby, gradually decreases and reduces to 10% from the fifth Lobby onwards. This means that starting from day 15, the Swap Tax will be a fixed 10% for all Lobbies thereafter.
The second option is to participate in Lobby by depositing Solana in Lobbies.There are a total of 122 Lobbies, and each Lobby has a specific number of tokens allocated to it.
It takes 3 days for a Lobby to end. Once a Lobby ends, the tokens within the Lobby are distributed among the participants based on the amount each participant has deposited.
There is also another factor to consider, which is the taxes associated with entering the Lobby. To prevent all investors from entering the Lobby at the last second and to ensure a balanced daily entry, an entry tax of 1% is applied on the second day and 2% on the third day of each Lobby.
However, there is no entry tax on the first day of the Lobby.
- Learn more about Taxes.
- Learn more about Lobby and why they are essential to the ecosystem.
2. Staking in Vault
By staking Apollo tokens in the vault, users have the opportunity to earn rewards in the form of Apollo tokens on their staked Apollo tokens.
The reward tokens are calculated on a per-second basis and can be collected at any time. The amount of earning rewards is determined by the Daily Return Percent (DRP) of a stake, which is highly dependent on the duration of the stake.
When creating a stake, the duration must be a minimum of 30 days, and it can be extended up to 300 days. Increasing the duration allows for a higher Daily Return Percent (DRP) on the stake.
The base DRP for a stake is 0.28% and it increase 0.0032% for every day of it's duration.
Additionally, there is another optional factor that affects the DRP of a stake, which introduces the second token of Olympus, Ares token.
By depositing Ares tokens during the stake creation, which they will get burned, investors have the opportunity to further increase the DRP of their stake.
The maximum amount of Ares tokens that can be deposited is up to 6% of the Apollo tokens being deposited. This deposit can increase the Daily Return Percent (DRP) of the stake by 0.6%. However, it is completely optional and can be skipped if desired.
There are two options available for claiming Vault stake rewards. Investors can either choose to collect their stake rewards directly to their wallet or compound them as a new Vault stake.
Compounding offers two benefits. The first is a Tax advantage, as compounding results in no Tax payment. The second benefit is the reward of Ares tokens that they will receive for compounding.
And finally, investors can collect their stake, which includes the initial staked Apollo tokens as well as all the unclaimed rewards, once the stake reaches its duration end.
- Stake rewards can be compounded once every 7 days.
- The Ares reward for compounding is equal to 1.5% of the compounding Apollo amount.
Examples:
A Stake for duration of 30 days with no Ares deposit will have a DRP of:
0.4% + [0.004% * 30] + 0% = 0.52%
A Stake for duration of 300 days with no Ares deposit will have a DRP of:
0.4% + [0.004% * 300] + 0% = 1.6%
A Stake for duration of 300 days with maxed 6% Ares deposit will have a DRP of:
0.4% + [0.004% * 300] + 0.6% = 2.2%
3. Apollo and Ares Swap
There is an Internal Swap feature available for users to buy and sell Apollo tokens. The Internal Swap function like any other decentralized exchange (DEX), with a main key difference which is a Tax that is applied to all Apollo token sells and buys. The Tax amount is always shown on the Swap page.
The implementation of an Internal Swap by Olympus is driven by the need to implement multiple functionalities such as Reserved Liquidity and Buyback Strategies. These features are crucial for the success of the project and achieving its goals, and they cannot be achieved using the default code of a decentralized exchanges.
It is important to note that while the Internal Swap offers unique functionalities, the fundamental workings and calculations of the swap are not different from those of any other external DEX. The basic principles and mechanics of the swap are same to what you would find in any other DEX.
While it is technically possible for any investor to add the Apollo token to an external DEX, it may not be advisable due to an additional 1% Tax applied to Apollo transfers made to any address, except Olympus contracts. This Tax is in addition to the swap Tax that applies at any time.
However, it's important to note that the Apollo token Taxes are designed to be removed in Day 366 which is when the token distribution process (the 122 Lobbies) is completed. At that point, there will no longer be a need for a Tax system or internal swap. This means that users will have the freedom to trade Apollo tokens freely on any external exchange without the additional taxes.
Furthermore, there is an additional section specifically for trading Ares tokens. Unlike Apollo, this section does not rely on an Internal Swap and the reason behind this is that Olympus mainly focuses on the Apollo token, aiming for its price increase and stability. On the other hand, the Ares token serves as a complementary token, designed to provide additional incentives and enhance the overall Olympus ecosystem while helping Olympus to achieve its goals with Apollo token.
And so since there would be no point in using an Instead of using an Internal Swap, Olympus has opted for a simple Pancakeswap widget to facilitate Ares token trades.
4. Earning From Yield Farming:
Participating in Yield Farming may not be suitable for every investor, but it can serve as an additional investment opportunity for some. Within the Olympus ecosystem, investors have the chance to earn from Yield Farming Reward Pool, the unique aspect of this pool is that it consists of three tokens: Solana, Ares, and LP tokens.
These tokens are accumulated from
- A portion of Lobby entries which will be transferred to the Reward Pool at the end of each Lobby.
- Ares mints which happen every time a new Yield Farming stake is created.
- Taxes [Solana] from Swap sells.
- Taxes [Ares] from transferring Ares tokens.
- Taxes [LP Token] for staking and unstaking in Yield Farming.
In order for users to earn from the Reward Pool, they need to stake LP tokens in Yield Farming. These LP tokens can be earned by providing liquidity for the Internal Swap as Apollo-Solana pair. When staking LP tokens, investors need to choose a self-selected duration for the stake, which can range from a minimum of 30 days up to a year and a half and it highly effect the Share amount of the stake.
Each stake is assigned a specific Share amount based on its duration. This Share amount determines the earning power of the stake from the reward pool. For instance, a stake with 6000 shares will earn three times more from the reward pool compared to a stake with 2000 shares.
The staking feature is intentionally designed to introduce volatility into the rewards for stakes. This means that rewards for a stake at any given time depend on the active shares that are currently staked. When additional shares are staked, the rewards for existing stakes immediately decrease. Conversely, if shares are removed, the rewards for existing stakes increase.
If this level of volatility does not suit certain users, they are advised to focus on collecting their stake rewards more frequently.
Overall, Yield Farming serves as a mechanism for investors to earn rewards, while also supporting the stability and growth of the Olympus ecosystem through their provided liquidity.
5. Buying and Selling Stakes in Auction
Investors have the option to sell their created Vault stakes at a price of their choosing. Some investors may have an immediate need to exit their stakes for various reasons and may be willing to sell their deposits at a lower total value in order to retrieve their tokens without waiting for the full stake duration which in this scenario, other users can actively participate in the market as a buyer or seller of these deposits, aiming to make a profit. By engaging in these transactions, they have the opportunity to generate profits and also earn Ares tokens as a reward for their involvement in the market.
It's important to note that there is a 1.5% tax associated with Auction stakes. This tax is only applied if an auctioned stake is sold, and the entire tax amount is transferred to the Price Stability & Pair Creation Pool.
As an Auction buyer, users are rewarded with Ares tokens through a minting mechanism. The amount of Ares tokens received is equal to 1.2% of the purchased deposit's Apollo tokens.
Overall, by participating as a buyer or seller in the market for stakes, you have the potential to generate profits and earn additional Ares tokens as rewards for your involvement.
