# 2.6 DeFi

**I. Overview of DeFi**

DeFi on the DPWK platform is an important mechanism for play-to-earn. A considerable proportion of the total DPWK token share of 50 million comes from DeFi and P2E.

This time, DeFi of the DPWK platform will continue to be constructed and iterated, and will have 1.0 version and 2.0 version, which are supported to each other. DeFi v1.0 has four liquidity mining pools and single-token staking mining. DeFi v2.0 is a lock-up incentive mechanism for all users of DeFi v1.0 if they increase the staking time.

DeFi output in the first year is the highest, the volume for DeFi v1.0 liquidity mining is 8 million DPWK tokens, the volume for DeFi v2.0 lock-up incentive is 5 million DPWK tokens, the total release volume is 13 million, accounting for 13% of all DPWK tokens.

DeFi v3.0 mechanism supporting DeFi v2.0 will involve the long-term equity partner privileges of the DPWK platform and the distribution of BNB in the treasure fund pool, which you can see the details in the Treasure Fund and Equity Partner Mechanism.

**II. Description of Liquidity Mining**

1\. The total DeFi output provided for liquidity mining in the first year is 8 million DPWK tokens.

2\. The contract of DPWK and USDT trading pair in PancakeSwap is: 0xbcb9bd0a699322497e3deb0657531b01cb741a3e

3\. The contract of KIT and USDT trading pair in PancakeSwap is: 0x28E2eE5eA7AE58785E913421e0cE3fdd9Af642C3

4\. The DPWK contract is: 0xff73adcc8cc0556467d8fe78fb4fd0c3da51f151

5\. A total of 5 staking pools will be opened this time, namely: DPWK-USDT LP staking, KIT-USDT LP staking, DPWK single-token staking, BNB-BUSD LP staking and BUSD-USDT LP staking. Users can obtain LP by adding liquidity and purchase DPWK in PancakeSwap.\
\*$DPWK-$USDT LP worth 1 million is sent into the contract with one year lock-up with the release time of 2022/12/21. \
\*$KIT-$USDT LP worth 400K is sent into the contract with one year lock-up with the release time of 2022/12/21.

6\. v1 pool with a total mining volume of 1 million DPWK rewards will open about 6 months (5,256,000 blocks, based on the number of BSC blocks), for BNB-BUSD LP staking and BUSD-USDT LP staking.

7\. v2 pool with a total mining volume of 7 million DPWK rewards will open about 12 months (10,512,000 blocks), for DPWK-USDT LP staking, KIT-USDT LP staking, and DPWK single-token staking.&#x20;

8\. Investors only need to select the mining pool they want to participate in, stake the corresponding LP in the LP mining pool, or stake DPWK in the DPWK mining pool to obtain DPWK rewards.

9\. According to the BSC network, a new block is generated every 3 seconds, and each block will carry DPWK rewards, and users who participate in mining will receive the DPWK rewards corresponding to the blocks.

10\. The output speed formula of each block of the v1 pool carrying the DPWK reward: the total amount in v1 pool for the year/5256000 blocks.

11\. The output speed formula of each block of the v2 pool carrying the DPWK reward: the total amount in v2 pool for the year/10512000 blocks.

12\. The amount of DPWK obtained by each user will be allocated according to the proportion of the staked amount in the mining pool.

13\. The number of DPWK rewarded for each block is allocated according to the proportion of the mining pool.

14\. The details of v1 pool are shown in the following table:

![](https://3016971144-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MkFWWQSr2gMnZp9rzFN%2Fuploads%2F7ME7EwCb6yvrPESxCNcM%2Fdefi1.png?alt=media\&token=d84d9146-2865-4ee6-bb87-f5130c58163b)

15\. The details of v2 pool are shown in the following table:

![](https://3016971144-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MkFWWQSr2gMnZp9rzFN%2Fuploads%2FqnettDRBeqAoxgVAohOH%2Fdefi2.png?alt=media\&token=4f4a71d1-4bc0-4737-9c35-4046e12aad93)

**III. DeFi v2.0 Incentive Pool Instructions (DeFi v2.0)**

1\. DeFi v2.0 is a new model to reward those users who have participated in liquidity mining and staking mining for a long time. There will be 5 million DPWK tokens as the v3 pool, which will be continuously rewarded to users who have staking for a long time in v2 pool.

2\. The longer the user staking in v2 pool (liquidity mining pools), the greater the income obtained in v3 pool.

3\. The v3 pool is a period of about 12 months (10,512,000 blocks) with a total mining volume of 5 million DPWK rewards.&#x20;

For users who participate in liquidity mining and DPWK single-token staking, every staking of LP or DPWK will be recorded with the staking time. As long as the staking reaches the specified time, players can not only obtain DeFi v1.0 (v2 pool) rewards, but also additional DPWK rewards, that is, the DeFi v2.0 (v3 pool) rewards. All DeFi v1.0 users will receive a daily reward of about 13697 DPWK in v2 pool according to certain proportion.

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4\. All users who participate in v2 pool mining will receive v3 pool rewards of about 13,697 DPWK per day according to certain proportion. The longer the staking time, the more rewards you get. The reward is relatively little in the early stage, but more staking in the v2 pool, more reward to get, and the reward reaches the maximum in 180 days.

The specific details are as follows:

Actual daily reward amount = the proportion of user staking amount in v2 pool when the block is generated \* output of per block \* daily block numbers

3-day extra reward = 3 \* daily actual reward amount \* 10%

7-day extra reward = 7 \* daily actual reward amount \* 40%

15-day extra reward = 15 \* daily actual reward amount \* 80%

30-day extra reward = 30 \* daily actual reward amount \* 100%

60-day extra reward = 60 \* daily actual reward amount \* 140%

90-day extra reward = 90 \* daily actual reward amount \* 150%

120-day extra reward = 120 \* daily actual reward amount \* 160%

150-day extra reward = 150 \* daily actual reward amount \* 180%

180-day extra reward = 180 \* daily actual reward amount \* 200%.

5\. Before the time to claim additional rewards, once users withdraw the staked LP or DPWK in v2 pool, they will not be able to obtain additional rewards in v3 pool. The v3 pool rewards can only be claimed at fixed time points such as 3 days, 7 days, 15 days, and 30 days.

6\. After the time is reached, the button for claiming rewards will be activated, and users can claim the reward, and the rewarded DPWK will directly sync to the users' current addresses.

**IV. DeFi v3.0 Long-term Lock-up Incentive Mechanism**\
DeFi v3.0 will be launched on at the end of February and the beginning of March.

See the details in the whitepaper: Treasure Fund and Equity Partner Mechanism
