Delegators deposit SOL to the stake pool. This SOL is then delegated to a set of selected validators, according to the Eversol Delegation Strategy. Delegators who contribute to the stake pool receive liquid stake pool tokens, which represent their proportional ownership of the stake pool share.
As new SOL is minted each epoch, the total amount of staked SOL in the pool increases, while the number of eSOL tokens remain consistent with the amount of SOL deposited. This increases the value of the stake pool tokens. Note: the rewards from the stake pool come in the form of newly minted SOL which is automatically staked to the pool.
When a delegator comes to withdraw their staked SOL, they exchange their eSOL back for SOL (receiving more tokens than they staked initially). The withdrawn SOL is placed in a new stake account that belongs to the delegator. They can then withdraw tokens from the stake account back to their primary wallet.
Eversol stake pool supports the network decentralization and carries out the process of stake distribution among the set of selected validators.
Based on the assumption that the developed Delegation Strategy allows the stake to be distributed more equally, it helps to protect the network from the concentration of the stake in specific validators. Also, the stake pool is "an insurance against the individual validator downtime".
Eversol dedicates a percentage of the pool rewards to fund the co-marketing activities with the most inspiring solutions built on Solana. Unlike other stake pools, we will directly facilitate and boost the DeFi ecosystem by helping new apps and projects come to life. For that, the EVS DAO is launched.
Eversol stake pool uses the standard Solana program for calculating the APY. The APY value correlates with the stake deposited in the current epoch and heavily depends on it. The incoming stake is being distributed to the validators after a standard cool-down period (one epoch) and so doesn’t earn rewards immediately, while already affecting the APY calculation and causing it to decrease according to the formula used. Once the stake is distributed, the APY changes. Thus, the APY value is not stable and is being updated each epoch.
The minimum amount to stake is 0.1 SOL for security purposes.
There is currently no defined maximum amount of SOL to be staked, though rewards grow for the delegators and validators as the size of the stake pool grows.
Eversol Stake Pool sets up following fees:
- 0% deposit fee;
- 0% unstake fee;
- 7% of the pool rewards, to support the pool operation, as well as compensate falling revenue resulted from delegation strategy developed;
- 1% of the pool rewards is allocated to Eversol Treasury.
Eversol stake pool allocates staking rewards as follows:
- 1% is allocated to Eversol Treasury. The Eversol DAO operates the Treasury and decides on the funds' distribution. The DAO fund will be used to finance the promising products being built on Solana, to support the ecosystem growth.
- 92% adds to the SOL balance and increases the rate of exchange.
- 7.0% is allocated to Eversol (pool management fee) to support the pool operation.