ODDS BOOST

Last updated 1 year ago

ODDS BOOST in Asymetrix v2

Introduction

During the development phase of Asymetrix version 1, our team continuously gathered feedback from users to understand which new features should be incorporated into version 2. A significant portion of the user base expressed the desire for better odds of receiving rewards in the weekly DRAW events.

What is ODDS BOOST?

ODDS BOOST is the first type of BOOST that a user can acquire when they provide and lock liquidity within the Asymetrix platform. This BOOST significantly increases a user's chance of receiving rewards in the weekly DRAW events, with the potential of getting x4 picks.

How Does it Work?

When a user provides and locks liquidity in a supported pool, their odds of receiving rewards in the weekly DRAW will be boosted. The extent of this BOOST can go up to a factor of x4, depending on various parameters such as the Lock Period and Liquidity-to-Deposit Ratio, as described in the general boosting mechanisms section.

As you may know, users' odds in the weekly Draw are calculated based on the number of their Picks, which in turn are determined by the size of their deposit and the duration the deposit remains in the system between two Draws. Boosting odds means increasing the user's Picks by a specified boost coefficient. For clarity, here's a greatly simplified example:

Total picks in the Draw - 100 The user has 20 picks His odds are 1 : 5 (20%) Now user provides liquidity and gets Odds boost 2.0x So the Total picks would be 120 The User has 40 picks (20 x 2.0) Now his odds are 1 : 3 (33,33%)

Please note that when you add liquidity and activate boosts, the Boost odds coefficient initially won't be equal to the value you selected when adding liquidity. This is because, in addition to the size of the deposit, the odds are also subject of the duration for which a user holds their deposit in the system during the time between two DRAWS (). Therefore, the maximum boost to your odds will be achieved after the nearest draw. Until the next draw, the boost will gradually increase over time - you will be able to see this under the corresponding boost icon on the dashboard.