Genesis Pools

Genesis pools are the permission-less staking product at CompX. Genesis pools empower users and communities to create their own staking pools using CompX infrastructure, without gatekeeping. As we don't have control over these pools, their existence shouldn't constitute CompX's endorsement of a project. These are independently created and managed by users and should be viewed as such.

Genesis pools are meant to provide cheap (low or no fee) staking to communities in the Algorand defi ecosystem. Staking through CompX gives communities exclusive access to xUSD rewards that are allocated for this purpose.

Fees

xUSD: The fee to create a staking pool is 100xUSD, which is paid during the pool creation process.

Liquidity: In lieu of having to pay the 100 xUSD fee, communities can save the cash and instead opt to provide at least $1,000 worth of CompX/"Staked Token" liquidity on either Tinyman or Pact. The liquidity tokens will need to be in place before completing configuration of the pool, as the user will be asked for either the fee, or to check for existing liquidity during setup.

Algo: During the creation process, the network fees will be paid by the user setting up the staking pool. Most of the fees are normal small multiples of the .001 Algo transaction fee, however when initializing box storage a deposit of nearly 12 Algo will be required. This can be thought of as a deposit. These Algo will be returned to the users wallet when the staking contract is deleted.

Rewards

Beyond the normal rewards that users expect to receive when staking, a configurable percentage of xUSD interest coming into the CompX treasury will be diverted to support Genesis pools. While $1,000 worth of liquidity is required to dodge the initial staking fee, projects who are willing to provide at least $10,000 in "CompX/Staked token" gain access to a proportional portion of these xUSD tokens.

After a project has achieved $10,000 in CompX liquidity, their rewards are proportional to their liquidity, compared to all of liquidity being provided by other eligible projects. If a project drops below the limit, they'll lose rewards until more liquidity is added.