BetterBank
  • Overview
    • What is BetterBank?
    • Why Better Bank
    • Disclaimer
  • Tokens of Better Bank
    • 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
  • Other Info
    • Connect with BetterBank
  • Contracts (Coming Soon)
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  1. Tokens of Better Bank
  2. 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 peg ratio:

      • If Favor trades at 0.2x its peg, 0.2% of its total supply is minted daily.

        • If Favor trades at 3x its peg, 3% of its total supply is minted daily.

        • The minting rate scales linearly between these values.

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

  • Users may also burn Esteem to receive Favor

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

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Last updated 6 days ago