An evolution in earning in DEFI
You collect BNB by accessing the dashboard page at ​https://app.moonshield.finance/ Moonshield is a fork of Moonrat therefore we used their explanation of the rewards mechanisms here: 4% of every transaction is taken and re-distributed to all MOONSHIELD holders in $BNB.
You will have to wait for a specific duration called cycle (about 1 week) to collect your BNB reward.
In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $MSHLD balance, the waiting duration will proportionally add up with the cycle.
(If you sell $MSHLD it does not affect your cycle)
For example, on the first day of your cycle, you add up more 5% $MSHLD, you have to wait: 5%*7days = 8,4 hours more. That means you can collect BNB after 7 days and 8,4 hours.
But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 7 days.
For example, on the first day of your cycle, you add up more 100% $MSHLD, you have to wait: 7 days more. That means you can collect BNB after 14 days.
This will prevent cheaters who try to add more $MSHLD at the end of each cycle. *Many thanks to Moonrat for inspiring this great project!
Collect BNB Tax
We recognized that top holders might have had more advantages when collecting BNB than others. Following the philosophy of building a pure community-driven project. We introduce a new tax feature.
If you collect more than 2 BNB, 20% of it will be used to buy back $MSHLD at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $MSHLD for long-term $MSHLD holders

FAQ

  1. 1.
    How many BNB can I collect? You can collect the amount of the BNB based on the ratio of $MSHLD you hold/the total BNB pool.
    For example, you hold 1% of $MSHLD, you can withdraw 1% of the BNB reward pool.
  2. 2.
    What is the BNB pool? 4% of every transaction is taken and re-distributed to all MOONSHIELD holders in $BNB. This amount of BNB called the BNB pool.
  3. 3.
    What if I don’t collect BNB reward in my cycle? If you don’t collect at your cycle and other holders claim, the BNB pool will reduce.
    So then the ratio of your $MSHLD/BNB pool reduces as well. That’s why you should collect as soon as your cycle is ready
  4. 4.
    Why my collectable BNB always changes?
You can collect the amount of the BNB based on the ratio of $MSHLD you hold/the total BNB pool. So when the total BNB in reward pool changes, you collectable BNB as well.
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Last modified 7mo ago
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