Warp pill #8: Do I need to hold USTX to use WARP?
No. WARP works like a single staking APP for USDD. You just need USDD to be able to use it. Deposit USDD and enjoy weekly rewards.
If you are also a USTX holder and you have tokens staked, you will benefit from a higher yield on your USDD. The extra yield depends on the WARP factor, which goes from 0.0 to 5.0. Maximum WARP (5.0) gives a 50% boost in APR. The obtain WARP 5.0 you need at least 20 USTX in locked staking for every USDD you want to deposit.
Let's make some examples using real data from last WARP epoch:
- Case 1: Jim has 0 USTX in staking and deposited 1,000 USDD, he got an APR of 24.3% (WARP 0.0)
- Case 2: Jane has 10,000 USTX in staking and deposited 1,000 USDD, she got an APR of 30.4% (WARP 2.5)
- Case 3: Shannon has 20,000 USTX in staking and deposited 1,000 USDD, she got an APR of 36.5% (WARP 5.0)