Frequently Asked Questions
Last updated
Last updated
Please use the guide How do I mint a Crucible? to learn more about this process.
You might need to add the contract address to your wallet to make them visible.
Contract address: 0x88acdd2a6425c3faae4bc9650fd7e27e0bebb7ab
Token Symbol: ⚗️
Token Decimal: 18
You might need to add the contract address to your wallet to make them visible.
Contract address: 0xcd6bcca48069f8588780dfa274960f15685aee0e
Token Symbol: UNI-V2
Token Decimal: 18
You might need to add the contract address to your wallet to make them visible.
Contract Address: 0x54e0395CFB4f39beF66DBCd5bD93Cca4E9273D56
Token Symbol: CRUCIBLE-V1
Token Decimal: 0
Please use this guide
Rewards are received when you Claim Rewards and Unsubscribe. You can claim partial rewards by unsubscribing only a partial balance. Your multiplier will be reset for the portion of tokens that you unsubscribe.
The more tokens that are 'subscribed' to a reward program the larger percentage of the rewards pool you will receive. There is no minimum amount required, but we do suggest you be mindful of the ethereum gas cost when considering this.
Adding ERC20 tokens into your Crucible that are not subscribed to a program will not gain you any additional rewards.
The supply of Crucibles has not been restricted.
Every time you put tokens into a reward program, it keeps track of how long those tokens are Subscribed. The program then applies a reward multiplier (if applicable). When you claim a partial amount, the reward program first claims from the Subscription with the lowest multiplier (Last In, First Out).
The multiplier is a release mechanism that will scale your rewards until you reach the full portion of the pool that you're entitled to.
Using Aludel v1.5 as an example; the program has a max multiplier of 10x a minimum multiplier of 1x and a scaling period of 60 days.
Let's say you have 10 LP tokens currently staked and there is a total of 1000LP tokens staked to the pool, this means you have staked 1% of the total staked amount in the program. That means that you should be eligible to 1% of the tokens that are available in the program.
However when you start, you are at 1x of your multiplier, what this means is that you would be entitled to % of total stake * min multiplier / max multiplier = your current eligibility or 1% * 1/10 = 0.1% of the pool.
Let's assume the pool has 100 MIST tokens, at 1x you would be entitled to 0.1 MIST tokens and at 10x you would be entitled to 1 MIST token.
Every second you are in the pool during the scaling period of 60 days, the portion of the pool that you are eligible for grows towards your full eligibility. The calculation has a direct impact to the amount of rewards that are displayed to you and is always represented in the amount of rewards displayed.
To work out what percentage is available to you at any time, you can work out your multiplier with the following formula:
((your max percentage of pool * duration staked days * (max multiplier - 1))/max multiplier)/scaling period days) + (your max percentage of pool * (1/max multiplier))
With the example above, at 10 days you would be eligible to 0.25% of the pool, at 40 days you are eligible to 0.7% of the pool
1%*10*(9)/10/60+(1%*(1/10)) = 0.25%
Once you reach 10x you would be entitled to 1 MIST from that balance. If another 100 MIST gets dropped into the program and is fully released (deposits have their own release mechanism) - then you will be eligible for 2 MIST in total (1 MIST from before and 1 MIST from the newest deposit)
These examples are on the assumption that the participation of the pool doesn't change, but simple enough to demonstrate how the multiplier works.
You can see the accumulated reward for your crucible by using the UI at crucible.wtf and the accumulated Uniswap LP fees earned using apy.vision or croco.finance (Uniswap LP fees earned will show as ⚗️, and WETH or ETH).
Yes, your Crucible is able to hold an infinite amount of tokens. If you are adding tokens to an existing subscription, each Subscription event is independent, so any token you add will start their own multiplier independently. Subscribing more tokens will not reset any other reward multipliers that are already in play.
No. This only claims the rewards earned, your tokens will remain in the Crucible until you use the Assets Management tab to withdraw your tokens.
No, it only empties it. You retain the empty Crucible. Please note that after a Crucible is created, it cannot be destroyed.
Yes, the ownership of the NFT (and the Subscribed LP tokens) can be transferred to any ERC721 compatible wallet. This can be done via the "Transfer" option on crucible.wtf
No, transferring your Crucible does not affect anything. All underlying token balances and subscriptions will remain in tact and in the control of the new owner.
