# What is Pool Party? Pool Party is a community-owned, trustless platform empowering people and communities to launch their own trustless HEX stake pools. Pool Party is powered by $PARTY, an ERC20 and PRC20 token introducing exciting tokenomics and offering exclusive yield generating opportunities. PARTY holders own Pool Party and will earn real revenue in HEX from the use of the Pool Party platform. PARTY also has a staking system to reward delayed gratification, support the price of PARTY, and increase the yield to PARTY holders. The Pool Party platform offers end-to-end support for stake pool organizers and participants with an easy-to-use interface that we believe has the opportunity to change millions of peoples lives by making HEX staking more accessible, more approachable, and more fun. *Note: Pool Party will be deployed on both Ethereum and PulseChain.* ### **Why did we build Pool Party?** After the launch of our 5 previous HEX stake pools, our community was filled with excitement and began sharing their visions of what was possible with this technology. A lot of people were asking for us to launch more HEX stake pools of different lengths, many shared their creativity of how to brand the next pools, and some shared inspiring visions of how they would utilize pools to change the world. We built Pool Party to open the gates for people's imagination to become reality and we're excited to see what people do with this opportunity. Anything is possible. # Starting a stake pool Party Starters, will have the creative freedom to design their own trustless HEX stake pool with the following parameters: * Ticker name * Mint Phase duration * Organizer fee * Organizer address * Stake length * Reload Phase length The organizer fee, set by the Party Starter, is a unique revenue opportunity that rewards Party Starters for growing their pool and increasing the Bigger Pays Better bonus for their community. The organizer address is where the organizer fee is sent. You could set this address as your own address, another smart contract address, a multi-sig address for a community, or maybe even an address set up for a charitable organization. Pool Party will offer an easy-to-use minting interface to Party Starters that will be ready to go when a pool is created. Active pools, both during Mint Phase and while staked, will be listed on Pool Party, offering free exposure to grow your pool. # Joining a stake pool Stake pools offer [unique benefits](/background/what-are-hex-stake-pools) over staking HEX solo. There are 3 ways to join a HEX stake pool on Pool Party: 1. **Mint at Launch** When a stake pool launches, anyone can join the pool during the Mint Phase by minting 1 pool token per 1 HEX pledged to the pool smart contract. 2. **Buy Pool Tokens** Once pool tokens are minted, anyone can sell their pool tokens on decentralized exchanges. Pool tokens represent ownership in the stake and are backed by staked HEX. By buying pool tokens, you now hold ownership in the stake and can redeem its value of the HEX principle + earned yield when the stake ends. 3. **Mint at Reload** When a Stake Period ends, the Reload Phase begins and anyone can mint more pool tokens at the new mint rate. The Mint Rate during the Reload Phase is equal to the redemption rate during that Reload Phase. # $PARTY $PARTY is the official Pool Party member token that incentivizes positive network participation. PARTY token holders trustlessly earn yield in PARTY, HEX, COM, and liquidity pool tokens from the Pool Party contract based on their staking strategy. * By holding PARTY liquid, PARTY holders can earn real yield in the form of HEX. The Pool Party platform collects a flat rate of .5% of the HEX staked through Pool Party which is equally distributed every 2 weeks to liquid PARTY holders. In addition to the real yield earnings of HEX, PARTY holders will also earn liquidity pool tokens distributed from the Pool Party Liquidity Fund. * Other unannounced income streams can easily plug into the Pool Party income distribution system. * PARTY stakers timelock their PARTY and instead of earning HEX yield, they compound their PARTY holdings. The initial supply of PARTY is set at launch and then the ongoing supply inflation will be emitted based on the rules of the PARTY staking system. PARTY will also be the currency for the Nametag Auction House. When people bid on Nametags, they will use PARTY, and the PARTY for the winning bid will be burnt. This introduces a deflationary element to PARTY's tokenomics. # PARTY Launch The launch of PARTY will consist of a PARTY airdrop and a Liquidity Pool launch strategically managed by the Liquidity Fund. The initial supply will be 50% Liquidity Fund, 50% airdrop. You can read the details of the airdrop distribution below. Over time, V3 liquidity will be converted into V2 liquidity positions and sent through the LP Token Drip system rewarded back to PARTY holders. The Liquidity Fund may also perform other functions such as PARTY market buying and supply burning.
# PARTY Yield There are 2 ways to earn yield with $PARTY. ### 1. Hold Party Liquid By holding PARTY liquid, PARTY holders can earn real yield in the form of HEX. The Pool Party platform collects a flat rate of .5% of the HEX staked through Pool Party which is equally distributed every 2 weeks to liquid PARTY holders. In addition to the real yield earnings of HEX, PARTY holders will also earn liquidity pool tokens distributed from the Pool Party Liquidity Fund (discussed in further detail in the Pool Party Liquidity Fund section). ### 2. Stake PARTY PARTY stakers are incentivized to delay gratification, support the price of PARTY, and boost HEX rewards. Staked PARTY is removed from the liquid PARTY reward snapshots until the stake ends, increasing the HEX earnings per PARTY token held liquid. ### Party Staking Rules * Stake PARTY to earn PARTY. * Longer pays MUCH better. * PARTY is burnt when staked and then the principal and yield are minted into the stakers wallet when the stake ends. * There is no early-end staking. Staking PARTY is a serious commitment. * There is no penalty for ending your stake late. * Stake from a set number of durations: * 15 days, 30 days, 90 days, 120 days, 270 days, 365 days, and any 365 day increment up to 100 years. ### PARTY Staking Calculator {% embed url="" %} ### Stake Yield Equation Stake yield is deterministic - you can calculate your stake end-value as a function of days staked, d, and stake principal, P. $$value(d, P) = P\*r^{\frac{d}{365}}$$ Where, r is the compound interest rate for the stake. The minimum rate is roughly 2.356% and the maximum rate is roughly 4.713%. Longer stakes get a higher rate which gets compounded over a larger number of years. $$r(d) = r\_{min} + \frac{(r\_{max}-r\_{min}) \*d }{36500}$$ The maximum possible rate, r\_max was calculated such that a 100 year stake compounding at the rate r\_max would be worth 100X the principal at stake maturity. The r\_min is set such that it is halway between r\_max and 1. $$\begin{bmatrix}r\_{max} = e^{\frac{ln(100)}{100}} = 1.047128548\r\_{min} = \frac{r\_{max} + 1}{2} = 1.023564274\end{bmatrix}$$ All together, the stake end value can be calculated using the following formula: $$value(d, P) = P\*(r\_{min} + \frac{(r\_{max}-r\_{min}) \*d }{36500})^{\frac{d}{365}}$$ Even further simplified: $$value(d, P) = P\*(1.023564+ \frac{d }{1548955})^{\frac{d}{365}}$$ The PARTY stake yield is the sole source of PARTY inflation. The maximum possible inflation is 4.71% per year, which would occur if 100% of the PARTY supply was staked for 100 years. The inflation is only realized when the stakes end, so the inflation that the PARTY economy experiences year on year is much lower. ``` def calculateYield(amount, length): years = float(length / 365) rate = (1.023564 + (length/1548955)) return amount * (rate**years) ``` The above equation was used to generate the yield scalar values for the allowed staking durations which was turned into a merkle tree. The Merkle Root is stored in the contract and when a user stakes their PARTY they pass a merkle proof, the number of days, and a yield scalar into the stakeParty function. This information is checked against the Merkle Root and if valid, the users may begin their stake. # What are Ticker Nametags? Pool Party Ticker Nametags are valuable 1-of-1 NFT assets that you can use to launch your own branded pool or sell to the highest bidder. You can also simply collect these NFTs or build your own application for them. Within Pool Party, the Nametag NFTs are used as a verification system for official Pool Party HEX stake pools. When you deploy a stake pool, the NFT is permanently locked in the stake pool contract. The art for the Ticker Nametag NFTs will be revealed at launch. Obtaining a Ticker Name is required to launch a HEX stake pool on Pool Party.
# How do I get a Ticker Name? There are 2 ways to obtain a ticker name: 1. **Ticker Name Auction House** Anyone can start a ticker name auction by placing a starting bid greater than the minimum bid on any available ticker name. This starts a 24-hour auction process where anyone can place a new bid, as long as the new bid is 5% larger than the current bid. When a bid is placed, the PARTY is burnt. When a new bid is placed, the PARTY that the prior bidder had burnt with their bid is reminted back into their account. If a new bid comes in during the last 6 minutes of the auction, the auction is extended by an additional 6 minutes. Once the auction ends, no more bids may be placed and then someone must run the endAuction function which records the auction results and mints the ticker name NFT to the winner. The PARTY for the winning bid remains burnt forever. 2. **NFT Marketplace** Ticker Names are NFTs, allowing them to be traded on any NFT marketplace. # Ticker Name Claim Ticker Name Claim was a pre-launch phase for Pool Party giving Party Starters and speculators a chance to secure ticker names. If you participated in the Ticker Name Claim phase, once Pool Party is live you can go Ticker Nametag page on the Pool Party app and claim your Nametag NFT. If you converted Ticker Name Claim points, you will be able to claim your PARTY after Mint Phase ends. You can see you claimed ticker names and converted Ticker Name Claim points here: {% embed url="" %} # Maximus DAO ### Mission Maximus DAO is on a mission to bring prosperity, fulfillment, and inspiration through innovative DeFi products, high impact education, and global community development. ### Vision Our vision is to become a cornerstone of the world's financial markets and provide community members with the tools to grow their wealth, power, and skills. ### Background Maximus DAO was founded by Dip Catcher and Goldkey. Childhood best friends who have been working together as a Developer/Designer duo since 2016 on a number of cutting edge products - each being bigger and better than the last. In 2022, Maximus DAO was formed with the invention of trustless HEX stake pools, allowing people to earn more yield, save on gas fees and have instant liquidity. Maximus launched 5 pools and they were a massive success. More than 1B HEX was pooled from over 10,000 participants who will save an estimated +$50M in gas fees by pooling instead of staking solo. To expand the HEX ecosystem through stake pools, we're now opening the gates for anyone to utilize our proprietary, trustless smart contracts to launch their own HEX stake pool along with an innovative platform to support them. # What is HEX? HEX is a trustless smart contract that allows people to timelock their HEX tokens to earn yield. This yield comes by way of inflation. HEX inflates at a max inflation rate of 3.69% per year. This inflation is rewarded to HEX stakers who timelock their HEX for any period of time from 1 day up to 15 years. Stakers are rewarded HEX inflation because by timelocking, they're supporting the price of HEX by reducing circulating supply. In its first 3 years, HEX has had massive success in both price and community growth. HEX did a 10,000x in price and has grown to over 120,000 stakers. HEX has also had 3 years of flawless operation with 100% uptime which is very rare. ### HEX Staking Bonuses * Bigger Pays Better - 10% more yield potential for staking 150M HEX * Longer Pays Better - 200% more yield potential for staking up to 10 years ### Early End Stake Penalties * If you unstake your HEX before the stakes maturity, you will incur severe penalties on you HEX. (As you will read, HEX stake pools will never incur this penalty.) # What are HEX stake pools? HEX stake pools are trustless smart contracts built on top of the HEX smart contract that allow people to pool their HEX together into one giant stake, offering unique benefits over staking HEX solo. ### Benefits #### Gas Fee Savings By consolidating many HEX stakes to just one, HEX stake pools offer massive gas fee saving to all stakers in the pool. Most HEX stakers in a pool will never pay end stake gas fees. #### Increased Yield HEX offers bonuses to bigger stakes. This bonus is what's known as the Bigger Pays Better bonus which is an extra 10% yield up to 150M HEX staked. By pooling HEX, stake pools offer a bigger bonus to stakers than they would have ever been able to receive on their own. #### Instant Liquidity When you stake HEX solo, your capital is locked for the duration of your stake. If you end your stake early, you incur severe penalties. When you join a HEX stake pool, you receive a pool token which holds your ownership in the stake. These pool tokens are ERC-20 tokens that can be bought or sold on decentralized exchanges, meaning you can grow your position in a stake by buying more pool tokens, or exit your position by selling your pool tokens. Unlike staking solo, you don't incur early endstake penalties. Whoever holds the pool tokens when the stake ends is able to redeem its value of the HEX principle + earned yield. #### Yield on Yield On top of having instant liquidity, pool tokens offer exclusive yield-on-yield opportunities that solo stakers can't capture. While your pool tokens are earning daily HEX yield, you can utilize your pool tokens in other DeFi products. *Examples* * Liquidity providing on PulseX and earning trading fees * Yield farming for INC on PulseX * Lending into credit markets such as Phiat # How do stake pools work? First, a HEX stake pool smart contract is deployed to the blockchain. Once deployed, the Mint Phase begin. During the initial Mint Phase, anyone can join a pool by minting 1 pool token per 1 HEX pledged to the pool smart contract. After that pools Mint Phase ends, a public function in the pool smart contract can be called which starts the stake. From the time the stake starts to the time the stake ends, stakers in the pool accumulate daily HEX yield. When the stake period ends, a public function can be called which ends the stake, calculates the new minting/redemption rate, and activates the Reload Phase. During this phase, holders of the pool token have 3 options: 1. Auto Restake - By simply holding the pool tokens through the Reload Phase, your HEX will remain in the pool and be restaked in the next stake period. 2. Redeem - Holders of the pool token can burn them and redeem their value of the HEX principle + earned yield from the pool. 3. Mint - During the Reload Phase, anyone can pledge more HEX into the pool and mint more pool tokens. The mint rate is equal to the current redemption rate during that Reload Phase. Once the Reload Phase ends, the public function can be called again to start the stake and the cycle continues forever. # Website {% embed url="" %} # Twitter {% embed url="" %} # Telegram {% embed url="" %} # Disclaimer **Disclaimer: Important Information and Notice** The following disclaimer applies to the documents ("docs") associated with the blockchain project ("Pool Party") described herein. The purpose of this document is to provide general information about Pool Party. By accessing and reading the docs, you acknowledge and agree to the terms and conditions set forth in this disclaimer. It is essential that you carefully review this disclaimer before proceeding. **No Offer or Solicitation** The information presented does not constitute an offer, solicitation, or recommendation to purchase or participate in any investment opportunity or engage in any transaction related to Pool Party. 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