🏇LHRC Staking Barn

A fully functional swap and staking platform that supports the LHRC ecosystem.

What can I do at the Staking Barn?

• Swap for LHRC or CRO (0.5% fee)

• Enter the Lazy LP (Contract Address: 0xad23235f4052d795108726552752832884b68beb)

• Single Staking LHRC for rewards

• LP Staking for higher rewards

• NFT Amplifiers to maximize rewards

How does it work?

Single Staking: 20% APR

LP Staking: 100% APR

Max 4 amplifier slots

Barn Cat 2x Amplifier*

PONY 3x Amplifier *

HORSE 4x Amplifier *

Skybox 10x Amplifier*

Time lock: no time lock

Unstaking Fee: 0.5% All fees returned to pool

Harvest Fee: 0.5% All fees returned to pool

Initial Pool: 40,000,000 LHRC

*Barn Cat, PONY and HORSE cannot be staked AND used in-game simultaneously. Skybox can be both staked and used simultaneously.

Single Staking Examples (based on 1 year staking period):

100 LHRC stake + 4 PONYs (240%: 20 * 12 total amplifier) = 240 LHRC rewards

100 LHRC stake + 1 HORSE + 1 PONY + 1 BARNCAT + 1 SKYBOX (380%: 20 * 19 total amplifier) = 380 LHRC reward

100 LHRC stake + 4 SKYBOX (800%: 20 * 40 total amplifier) = 800 LHRC rewards

LP Staking Examples (based on 1 year staking period)**:

100 LHRC paired with CRO equivalent (LP) stake + 4 PONY (1200%: 100 * 12 total amplifier) = 1200 LHRC rewards

100 LHRC paired with CRO equivalent (LP) stake + 1 HORSE + 1 PONY + 1 BARNCAT + 1 SKYBOX (1900%: 100 * 19 total amplifier) = 1900 LHRC rewards

100 LHRC paired with CRO equivalent (LP) stake + 4 SKYBOX (4000%: 100 * 40 total amplifier) = 4000 LHRC rewards

**Explanation Update 3/17/22: The APR for LP is based on the LHRC only. Which is why we made the initial APR 5x from single staking. LHRC is not a deflationary coin with mint and burn features. Because the supply is limited we as a group will determine future rewards. The 40 mill LHRC rewards pool along with LP paired liquidity gives us the runway we need to keep these rewards static for 18 months. This will allow us to open up or throttle back based on game use — decided by the community governance yearly on the token unlock. We know this is a little bit different from normal models but so are we. Our sustainability is based on game usage and upgrades in. Most other models are based on introducing other tokens as rewards or users that need to continue the cycle. Our objective is to get as many tokens as we can into the market that we can realistically support. If it was the normal way, we would predetermine the amount of rewards per block and those would be split based on size of nodes more than anything else.

How does the pool maintain support?

It is important to look at support mechanisms for sustainability in any staking environment. Where does the reward come from? Is there support to sell that reward? Is there specific utility for that reward? Let's clarify how LHRC functions in each of these capacities.

Where does the reward come from?

The initial pool is supplied with 40,000,000 LHRC. This LHRC is currently held in Token Locker #4. Upon execution of the MasterChef contract, these tokens will be transferred from this locker to the same wallet as the MasterChef.

That wallet address is: 0xC9A61F9Df35C6b8b5CD9DD3E17Bd5d547Ee7569F

It is important to have functions within the ecosystem that continue to put LHRC back into the pool. Without these functions, staking is unsustainable.

This is accomplished in the following ways:

• 0.5% Unstaking Fee and 0.5% Harvest Fee is distributed back into the pool

• 40% of all LHRC in-game fees distributed back into the pool

• Yearly token locker distribution to the pool. Yearly policy determined by LHRC Advisory Board.

Is there support to sell that reward?

A strong liquidity pool provides support for rewarding token holders and having liquidity for them to sell into when desired. The LHRC team will be providing the following liquidity support to the pool at the conclusion of the LHRC Skybox mint.

Total Liquidity: $2,000,000 USD

• $1,000,000 CRO

• $1,000,000 LHRC

Additionally, 50% of all secondary market Skybox sales royalties are returned to the LP to provide continued support.

Is there a specific utility for that reward?

LHRC is the in-game token of the Lazy Horse Race Club and LHRC World. In addition to being a game reward, it is used for entry fees, breeding, upgrades, purchase of polygon horses, leasing, event tickets and more.