The Moats Protocol
by FortiFi
The Moats by FortiFi is a Staking and Governance Manager Protocol, enabling seamless Staking, Locking, and Burning for users to engage with a protocol, depending on their level of comfort. Built with scalability and accommodation for new token communities in mind, The Moat offers every token a way to offer a new utility to holders.
The Moats is tool that can be deployed for any token (ERC20, ERC314, ERC404) or LP token that has a fee structure, emissions model, revenue sharing program, or simply wants to offer a place for users to stake their assets. The Moats Protocol deploys a unique "Moat" for each new asset that joins the platform and leverages the technology.
The overview of The Moats Protocol:
Stake Module
Stake tokens, earn platform fees.
Staking tokens has no lock-up time. This means tokens can be unstaked at anytime with no penalties. Staking earns depositors a 1x multiplier in the points system.
Unstaking has a fee associated with it and it is set at 0.5%
Lock Module
Lock tokens, earn more platform fees.
Locking tokens requires users to lock their tokens up to 48 weeks, or to the teams preference. The longer a user locks, the larger a percentage of fees they will earn. Locking earns a flat boosted multiplier than staking.
Locking earns depositors between a 2x and 5x multiplier in the points system.
The maximum lockup periods are chosen by each project team deploying the Moats
EEL Module
Locked tokens can be withdrawn immediately if required using the Emergency End Lockup (EEL) function. Using an EEL to exit a lockup incurs a fee on the locked tokens.
The higher percentage of a lockup served, the lower the penalty for using an EEL.
The lower percentage of a lockup served, the higher the penalty for using an EEL.
Math for EELs and Locking remain constant percentage wise regardless of max length
Burn Module
Burn tokens, earn the most platform fees
The Burn Module simply enables the Points Module to include Burned Tokens or LP tokens.
Burning tokens requires users to send their tokens to the Dead Address. This action is irreversible and users should only Burn tokens if they are fully aware of the consequences and understand they cannot unburn tokens or retrieve them from the Dead Address.
Burning tokens earns depositors a 10x multiplier in the points system.
Burning tokens is not reversible.
Multipliers
Multipliers are awarded based on what actions a user takes in the Moat. Locking, Burning, and Staking each have their own Multiplier rates. Multipliers enable users with smaller token holdings or bigger beliefs to lock and burn their tokens in exchange for bigger multipliers. Larger multipliers direct correlate with a larger percentage of overall reward emissions from a given Moat.
Multipliers for Staking and and Burning remain constant.
The Multiplier remains constant for Locked tokens as the lock period winds down.
Using an EEL removes all of a Locked Multiplier from a users address.
Multipliers are used to distribute rewards for Moats and to calculate the FortiFi Airdrop.
Multiplier Breakdown
Staking = 1x Multiplier, remains until unstaked.
Locking = 2-5x Multiplier, depending on Lockup Duration.
Burning = 10 Multiplier, permanent.
The Moats Protocol Fees
Each Moat has their own fee structure. Fees on The Moats can include deposit fees, withdraw fees, or both. Additionally, The Moat also collects fees when users use an EEL to emergency exit the Locking module.
Moat Protocol takes fee of 0.5% on the Unstake and Unlock from each Token Moats deployed.
Creators of the Token Moats get access to a unique Moat Admin Dashboard that enables them to take quick snapshots of participants, airdrop to Moat Participants, add additional admin addresses to manage the Moat, and more. Creators can customize which modules (staking, Locking, & Burning) are deployed for their token and what maximum lockup period they want to offer to users. Contact the FortiFi team today to start planning out your Moat today!
We have a set of tokens and protocols interested in deploying their own Moats. Bensi Box, Chance Markets, and more will all be launching Moats for their own tokens.
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