SOL Invictus Program
Last updated
Last updated
The ElagabalX "SOL Invictus" program is designed to incentivize long-term staking and increase delegation to our validator.
Currently, our validator manages 180,000 SOL, distributed among various stakeholders including the Solana Foundation, Jito pool, SolBlaze CLS, and our xSOL holders.
Increase stake participation from retail SOL holders: By offering a variety of staking options, we encourage more individuals to contribute to the network and benefit from staking rewards.
Reward loyal stakers: We recognize the value of long-term commitment and provide incentives for those who actively participate in staking.
Cultivate a strong and engaged community around ElagabalX: By fostering a supportive environment for all users, we aim to build a thriving community where individuals can connect, share knowledge, and contribute to the project's success.
Facilitate onboarding for newcomers to the Solana ecosystem: We provide educational resources and accessible staking options to welcome new participants and help them navigate the world of Solana blockchain technology.
This program aims to achieve these objectives by capturing stakes from multiple sources, including native staking, xSOL liquid staking, and Custom Liquid Staking (CLS) via SolBlaze. By offering various staking options and rewards, we not only attract more stake but also create opportunities for education and community engagement.
This approach allows us to welcome new participants to the Solana ecosystem, providing them with a supportive environment to learn and grow within the blockchain space.
Participants earn points based on their staking method and duration. These points determine the share of the weekly reward pool each staker receives.
Points are calculated as:
Let's break this down:
Stake Amount: This refers to the value of the participant's investment in the activity.
Duration: This represents the length of time a participant actively participates, measured in seconds.
Multiplier: This factor varies based on the chosen method and represents the relative value assigned to each method.
This formula ensures that participants are rewarded proportionally based on their commitment and chosen approach.
Reward Allocation:
A portion of the ElagabalX validator rewards is allocated to the reward pool. This means that as our validator's stake grows, so does the potential reward for all participants.
Rewards are distributed proportionally based on your total accumulated points. Your share of the reward pool may fluctuate depending on your staking method, duration, and the total points of all participants.
The SOL Invictus program is designed to be fully autonomous, from point calculation and reward pool formation to distribution.
Distribution & Claim Reward:
The distribution of rewards occurs weekly and is carried out entirely automatically.
The process takes into account various sources of rewards, including block rewards, tips from the Jito system, validator commission, Solana compensation payments, and any third-party contributions.
One key advantage of the program is that participants are not required to take any action to receive their rewards. Once the weekly distribution process is completed, all earned rewards are automatically deposited into the participants' wallets.
To participate in the "SOL Invictus" program, you simply need to stake your SOL using one of the following methods, each with its unique multiplier affecting the number of points earned:
1x multiplier
High security: executed at the Solana Staking Program level
Direct network support: immediate participation in transaction validation
Ease of use: accessible through most Solana wallets
Liquidity limitation: unbonding period required for withdrawing funds
Step-by-step guide👇
1.2x multiplier
Liquidity preservation: ability to use xSOL tokens in DeFi protocols
Automatic reward reinvestment: potentially higher APY
Flexibility: easy to exchange back to SOL at any time
Integration with ElagabalX ecosystem: additional benefits and opportunities
Step-by-step guide👇
1.3x multiplier
Wide integration: access to an extensive DeFi ecosystem on Solana
Validator choice: ability to support a specific validator
Potentially high APY: through optimization and additional rewards
Diversification: possibility to distribute stake among several validators
Step-by-step guide👇
SOL Invictus program distributes a selection of popular meme coins to xSOL holders on a weekly basis. Every week, a curated list of meme coins is chosen and distributed proportionally to xSOL holders. This creates a consistent and engaging way to expose our community to the exciting world of meme coins.
ElagabalX believes in empowering our community and giving you a voice. In the future, we plan to implement a DAO governance system that allows xSOL holders to directly participate in choosing the meme coins featured in our weekly airdrops. This ensures transparency and gives you a chance to influence the direction of our program.
