Belugas Protocol
  • Belugas Protocol Documentation
  • Getting Started
    • Networks
    • Protocol Math
      • bToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • Gas Costs
  • BTokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • BUL Distribution Speeds
    • Claim BUL
    • Market Metadata
  • Governance
    • Delegate
    • Delegate By Signature
    • Get Current Votes
    • Get Prior Votes
    • Key Events
    • Governor Bravo
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote With Reason
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • LP Staking
    • LP Utility
    • LP Staking Options
    • Zapping LP
    • Maintaining Eligibility Status
  • API
    • BTokenService
      • GET: /btoken
    • MarketHistoryService
      • GET: /market_history/graph
    • ProposalService
      • GET: /proposals
      • GET: /proposals/:id
      • GET: /proposals/statistics
    • VoterService
      • GET: /voters/accounts
      • GET: /voters/accounts/:address
      • GET: /voters/history/:address
      • GET: /voters/:proposalId
    • GovernanceService
      • GET: /governance/belugas
      • GET: /governance/proposals
      • GET: /governance/proposal_vote_receipts
      • GET: /governance/accounts
    • Shared Data Types
  • Belugas.js
    • Belugas Constructor
    • API Methods
      • Account
      • bToken
      • Market History
      • Governance
    • bToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • BUL Methods
      • To Checksum Address
      • Get BUL Balance
      • Get BUL Accrued
      • Claim BUL
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • Security
    • Formal Verification
    • Bug Bounty Program
  • Terms of Service
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  1. LP Staking

Maintaining Eligibility Status

PreviousZapping LPNextAPI

Last updated 1 year ago

Remember : a minimum 5% ratio between your total deposit value and LP value must be maintained at all times to remain eligible!

As a risk asset, pricing volatility may swing users in and out of eligibility.

Example :

  1. John has $5 of LP and $100 of USDC deposits, which means John has met the 5% requirement (eligible for emissions)

  2. The price of SEI declines 5%, thus taking the value of LP down below $5, and John is now below the 5% threshold required to earn emissions

The protocol needs to check the eligibility state constantly to determine "who is in, who is out."

When you are eligible, banners at the top of each page will indicate "Emissions active."

If you fall out of eligibility, a "Emission inactive" notification is visible at the top of LP staking page and indicates the amount of LP required to regain eligibility. Click "Zap into LP" and follow the prompts to resume receiving $BUL emissions.

If a money market participant wishes to increase the likelihood of remaining eligible for BUL emissions, consider maintaining a buffer zone above the 5% threshold to account for volatility.

Example:

Carl deposits $1,000 USDC in the money market and needs to lock at least $50 of LP to quality for BUL emissions.

Carl decides to lock $60 LP (10% above the threshold) to maintain eligibility status in the event of volatility.

Additionally, users can enable auto-compound & auto-relock from the manage Belugas Protocol page to increase the likelihood of retaining eligibility status.