Defi Mining (explained)
On the Qnode blockchain, there are two layers of Use-case functions;
Masternodes and Miners. And base on governance, the Qnode block rewards is split between masternodes (55%), miners (35%) and treasury (10%).
The Qnode.Defi mining pool shall be deployed via the Inter-chain bridge, as it is backed with the Qnode blockchain and on determined governance. At launch of inter-chain bridge, Only a minimum amount of 5,000 QNC or 1562.5 QND can be iterated (swapped) on the bridge for a to and fro transaction.
Any swap below the minimum is disabled or lost if executed.
Yield Farming (LM)
Liquidity Mining (LM), also known as Yield Farming, is a network participation strategy in which a user provides capital to a protocol in return for native token.
Liquidity Providers on our protocol, stands the chance of earning Qnode.Defi (QND) tokens as they provide liquidity on Decentralized Exchanges (DEXs) such as PANCAKESWAP, etc
Governance (explained)
Master-node feature, which is a PoSe (Proof of Service) functionality performs network security on the native blockchain and by extension incentivise Qnode.Defi Protocol via the bridge. These services includes privacy of transactions (PrivateSend), Instant transactions (InstantSend), the distribution governance, projectile voting and treasury system. This makes the Qnode network to grow stronger with masternodes.
Difficulty changes with each block and Governance heightens after each block halving on the blockchain at every 210,240 block count. Thus halving the block rewards sequentially.
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SEQUENTIAL BLOCK & SMART CONTRACT EMISSION GOVERNANCE
At height 210241, The first block halving shall happen and block reward shall split by a divisor of two. Also, its Defi inter-chain equivalence shall reduce as follows:
- INTER-CHAIN: 5,000 QNC <=> 1562.5 QND (minimum per swap)
- 1ST HALVING: 2,500 QNC <=> 781.25 QND (minimum per swap) from height 210241 blocks
- 2ND HALVING: 1,250 QNC <=> 468.75 QND (minimum per swap) from height 420481 blocks
- 3RD HALVING: 625 QNC <=> 195.3125 QND (minimum per swap) from height 630721 blocks
- 4TH HALVING: 312.5 QNC <=> 97.65625 QND (minimum per swap) from height 840,961 blocks
- Hence it will require an approximate 65 years to exhaust the Qnode Blockchain.
Algorithmic Bridge Formulae
#1. Inter-chain Defi Ratio (IDr):
1 QND = 0.000013% of QNC Supply - ACN.
Where 0.000013% is Pam (Percent of Algorithmic Multiple)
Where ACN (Allowable Constant of Negligible Decimal) = 0.00112
Where QNC Supply is 24,624,000 QNC
Therefore, 1 QND = 3.2 QNC
#2. Total Defi Supply (TDs) mintable in Smart Contract:
TDs = QNC Supply/IDr
Where IDr (Interchain Defi Ratio) in QNC = 3.2 QNC
Therefore, TDs = 7,695,000 QND