BetterBank
  • Overview
    • What is BetterBank?
    • Why Better Bank
    • Disclaimer
  • Tokens of Better Bank
    • Esteem
    • Favor Tokens
    • Chain Specific Token Info
      • Pulse
        • Esteem
          • How to Acquire Esteem?
          • Trading and Price Model
        • Favor Tokens
          • Types of Favor and Trading Favor
          • Earn Favor
      • Arbitrum
        • Esteem
          • How to Acquire Esteem?
          • Trading and Price Model
        • Favor Tokens
          • Types of Favor and Trading Favor
          • Earn Favor
  • Protocol Mechanics
    • Stronghold and Wildlands TLDR
    • The Stronghold
    • The Wildlands
    • Treasury
      • Revenue
      • Fund Usage
      • Treasury Security
    • Protocol Risks & Mitigations
  • Other Info
    • Connect with BetterBank
  • Contracts (Coming Soon)
    • Pulse (Coming Soon)
    • Arbitrum (Coming Soon)
  • Audit (Coming Soon)
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On this page
  1. Tokens of Better Bank
  2. Chain Specific Token Info
  3. Arbitrum
  4. Favor Tokens

Earn Favor

How to Earn Favor

  • Favor is minted through staking Esteem ($ESTEEM) in designated Groves within the Wildlands.

    • The rate of Favor minting is market-driven, meaning Favor supply growth expands when demand is high and contracts when demand is low.

    • Favor’s daily minting rate varies based on its ratio to its paired asset:

      • If a Favor type trades at 3x its paired asset or more, 3% of its total supply is minted to its Grove daily.

      • If it trades under 3x its pair, the percentual increase will adjust accordingly

    • Users earn Favor proportionally based on their Esteem stake in each grove.

  • Users may also smelt (burn-mint) Esteem to receive Favor

    • Since Esteem is illiquid (i.e. no LP and therefore not tradeable via swaps) users may choose to smelt (burn) their Esteem for 70% of its value in (newly minted) Favor tokens of choice.

    • Smelting Esteem is not considered a primary strategy and acts only as an opt-out to the BetterBank system.

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Last updated 19 days ago