🌎Ecosystem

The Petoshi ecosystem is designed to provide users with a variety of ways to interact with their virtual pets and the broader game economy. Here are some key features:

1. Staking

Overview

Staking is a core feature of the Petoshi ecosystem that allows users to earn rewards by locking up their $PETOSHI tokens. By staking $PETOSHI, users can earn $GIFT tokens, which can be used to purchase in-game items and pets.

How to Stake

  1. Connect Wallet: Connect your compatible wallet to the Petoshi platform.

  2. Select Amount: Choose the amount of $PETOSHI tokens you want to stake.

  3. Confirm Transaction: Confirm the staking transaction in your wallet.

Rewards

  • Reward Rate: Staking $PETOSHI tokens yields $GIFT tokens at a rate of 10:1 based on the staked value.

  • Estimated Yield: The estimated annual yield for staking is 4%.

  • Claiming Rewards: Rewards can be claimed through the platform interface. A 1% claim fee applies on the Blast network.

2. Borrow

Overview

The borrowing feature allows users to take out loans in $PETOSHI tokens using ETH as collateral. This provides flexibility for users who want to leverage their assets without selling them.

How to Borrow

  1. Collateral: Deposit ETH as collateral for the loan.

  2. Loan Amount: Determine the amount of $PETOSHI tokens you want to borrow based on the collateralization ratio.

  3. Repayment: Repay the loan using $PETOSHI tokens to reclaim your ETH collateral.

Terms

  • Collateralization Ratio: The maximum loan-to-value ratio is 85%.

  • Repay Rules: Loans can be repaid at any time. Repayment requires the same amount of $PETOSHI tokens plus a 0.1% fee.

3. Convert

Overview

Conversion allows users to exchange their $GIFT tokens for $PETOSHI tokens, providing a way to access the project token using in-game rewards.

How to Convert

  1. Select Amount: Choose the amount of $GIFT tokens you want to convert.

  2. Conversion Rate: The conversion rate is 10 $GIFT tokens for 1 $PETOSHI token.

  3. Confirm Transaction: Confirm the conversion transaction in your wallet.

Queue Mechanism

  • To ensure fairness and manage liquidity, a daily limit of 10,000 $PETOSHI tokens is available for conversion.

  • If demand exceeds supply, a queue system is implemented, with the waiting time based on total demand in the pool.

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