Introducing Auto-restake feature

One of the key features that help to maximise your profit with Avely Finalce protocol is Auto-restake.

How does it work?

• You stake ZIL or transfer an existing ZIL stake from another SSN node. In return the protocol gives you a certain amount of aZIL at a current fair price. This way each aZIL is backed by ZIL staked with Avely Protocol according to intrinsic Price represented by the formula:

(staked ZIL amount+restaked ZIL amount)/ aZIL amount

• At the beginning aZIL:ZIL ratio will be 1:1.
• When staking contract issues the staking rewards our protocol automatically claims these rewards and restakes them.
• aZIL fair price grows naturally after restaking. The numerator in the formula above increases and no additional aZIL is minted.
• When you decide to withdraw your aZIL you will get more ZIL than you staked before because of the increasing aZIL price.

Benefits:

• You don’t have to claim and restake rewards, which means that you don’t need to pay any transaction fees for restaking.
• Usually contracts do not allow you to unstake your funds if you have unclaimed rewards. With Avely there’s no need to claim staking rewards before unstake and again pay the Gas fees.
• Our restaking mechanism activates an additional % to your staking rewards — checkout Simple Interest vs. Compound video to understand how compound % works.

​​Have questions? Join us in Telegram chat and ask the team.