⏳Three GMY periods

Staking - Distributing - Claiming

We have defined three distinct periods during which the usage related to the staking smart contract differs.

The 3 periods are included in the mainnet V1 version of GMY due to constraints related to the inner workings of the GMY smart contract.

We are working on a V2 update of the smart contract with technical improvements that will remove the need for different periods. ETA: Q3 2023.

Staking period

During this period, token holders can invest their MNTE tokens in the staking contract.

They will not be able to withdraw their funds or claim their rewards during this period, as it is entirely dedicated to staking MNTE tokens.

Distributing period

During this period, Mintera deposits the amount in USDT corresponding to the global staking rewards for all stakers into the GMY smart contract.

Then, the rewards are distributed to all users staking MNTE, based on their total share in the pool. One complete period must be completed since the investment to receive the rewards.

We have implemented this system so that users who have been staking for a complete cycle (including at least: 1 staking + 1 distributing + 1 claiming) are not disadvantaged compared to users staking late in the cycle. This is to avoid front-run attacks from malicious participants.

Claiming period

During the claiming period, stakers are able to claim the rewards in USDT which were allocated to them in the distributing period.

During this period, stakers can also completely withdraw their MNTE investments in order to exit the staking contract (and simultaneously recover the rewards if this had not been done previously).

Summary table

To summarize, here are the different possible actions or restrictions based on each period:

Action	Staking	Distributing	Claiming
User can stake	Yes	No	No
Mintera distributes rewards	No	Yes	No
Staker can claim USDT	No	No	Yes
Staker can withdraw MNTE	No	No	Yes
Expected duration	15 days	5 days	10 days