👐Stage2 - Merge Staking Protocol

The stage2 enables the staking of ADA tokens to generate $LMN that merge with staking pool rewards to earn $LMN tokens on top of the $LMN.

Merge staking is essentially a protocol that calculates delegated ADA and staked $LMN. While the Lumino project-specific pool AA1 provides a convenient place for the delegation of ADA (to accumulate native $LMN rewards) and for said $LMN rewards to auto-merge stake within the Lumino DeFi ecosystem.

With stage 2 merge staking the reward algorithm combines delegated ADA and staked $LMN to calculate rewards. The actual rewards are impacted by several factors including percentage of ecosystem allocation and percentage of staked circulating supply. There is also per epoch and 6 epoch reward balancing and multipliers to take into account when forecasting potential rewards.

Lumino ISPO Stage2 Basics:

• ISPO Token Allocation: 5,000,000 $LMN Hardcap (5% of total), 4,000,000 $LMN Softcap (4% of total)

• Approximate Reward Exchange Rate: TBD

• Duration: ≥ Epoch 397 - ≤ Epoch TBD (Launch Date: will be announced on Lumino social media)

• Stage 2 start by: 02, Mar, 2023, Epoch 397

• Stage 2 end by: TBD

• ISPO Stakepools: List of Merge Staking Pools