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Samurai Protocol
  • DISCLAIMER
  • Samurai Financial
  • 1. What is Samurai and how does it work ?
    • 1.1 - What is Samurai?
    • 1.2 - What is the total supply of HNR tokens ?
    • 1.3 - Now, how does it actually work ?
    • 1.4 - How does Samurai differ from RING?
    • 1.5 - Why is SAMURAI on the Fantom (FTM) ?
    • 1.6 - Is Metamask the only wallet compatible for now ? What about TrustWallet ?
    • 1.7 - Do I need to install a VPS?
    • 1.8 - Do I need to keep my computer running ?
    • 1.9 - Where can I see the size of the liquidity pool ?
    • 1.10 - Smart Contract Functionality
  • 2. Understanding the NODES
    • 2.1 How does the Lottery system work?
    • 2.2 How does sliding tax work?
    • 2.3 - How much does a node cost ?
    • 2.4 - Can nodes be transferred from one wallet to another ?
    • 2.5 - Are these real nodes ?
    • 2.6 - Why do you call these "nodes" ?
    • 2.7 - I don’t see my rewards every 4 or 8 hours. Is there a problem ?
    • 2.8 - What happens if I don't claim my rewards every time ?
  • Tokenomics
  • Governance
  • Samurai AI
  • Vaults
  • MultiChain ZenGarden
  • Levels
  • Sambot
  • ZenEstate
  • Governance Proposals
    • Samurai Governance
    • Initiate and adopt protocol level governance
    • SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • [EXTENSION] SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • SIP-2: Implement a Samurai native OTC NFT solution
  • [EXTENSION] SIP-2: Implement a Samurai native OTC NFT solution
  • SIP-3: Implement, adopt and enforce Samurai Vaults
  • SIP-4: Implement, adopt and enforce Samurai Multichain ZenGarden
  • SIP-5: Implement, adopt and enforce Samurai Levels
  • SIP-6: Replenish Samurai Levels rewards
  • SIP-7: Conduct an OTC NFT acquisition event
  • SIP-8: Retroactive funding
  • SIP-9: Expand MultiChain ZenGarden
  • SIP-10: Conduct an OTC NFT distribution event
  • SIP-11: Temporarily pause Samurai Levels
  • SIP-12: Replenish Samurai Node NFT's rewards
  • SIP-13: Levels v2 Product feature set Ideation
  • SIP-14: Deploy and fund Samurai Governance Vault
  • SIP-15: Implement, adopt and enforce Samurai Levels v2
  • SIP-16: Conduct ā€˜Settlement & Release’ initiative
  • SIP-17: Expand ā€˜Settlement & Release’ initiative
  • SIP-18: Implement, adopt and enforce an update to Samurai Node NFT RPC Endpoints
  • SIP-19: Implement, adopt and enforce Samurai Chat
  • SIP-20: Refine Samurai Levels Parameters and Conditions
  • SIP-21: Retroactive funding 2.0
  • SIP-22: Conduct an OTC NFT acquisition event
  • SIP-23: Conduct an OTC NFT distribution event
  • SIP-24: Enact a Samurai Governance Vault Conversion
  • SIP-25: Refine Samurai Chat Parameters
  • SIP-26: Replenish Samurai Levels v2 rewards
  • Articles / Announcements
    • Samurai is here!
    • Honour
    • News, updates, migration and plans for Honour
    • Clearing the air and moving onwards
    • The path towards sustainability
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Vaults

PreviousSamurai AINextMultiChain ZenGarden

Last updated 2 years ago

The ā€œSamurai Vaultā€ feature effectively enables Samurai NFT Node holders and xHNR governance token holders to lock up the ERC20 token along with the NFT (ERC 721).

The ā€œSamurai Vaultā€ smart contracts store and retain the provided tokens and NFTs for a pre-determined period of time (also referred to as lockup period) and release an incentive upon the Vault’s maturity period (unlock time).

The incentive comprises of a boosted xHNR governance token reward rate being dispersed at the Vault’s maturity period. The provided incentive upon maturity of the Vault represents a higher APY reward rate than the Samurai Node NFT would produce during the same time period with no lockup in the Vault feature. The total xHNR token allocation issued for the purposes of incentivising Samurai Vaults is to be minted at the maturation of Vaults (22 100 000 xHNR tokens in total).

Furthermore, upon depositing to Samurai’s Vault, a vexHNR token, representative of the depositor’s share in the Samurai Vault smart contract, becomes instantly claimable. Similarly to the mechanics and implementations of veCRV (of Curve Finance), the vexHNR (voting escrow xHNR) comprises of a non-transferrable, non-tradeable token, representing an extended weighting in governance voting of 1.5. The vexHNR token is only usable until the maturity of the Samurai Vault and is blacklisted (non-usable) right after the maturity of the specific Vault. The claimable vexHNR token allocation is determined by: xHNR token deposit * 0.5 * number of NFT nodes.

The vexHNR token has no other utility besides enhanced participation in the protocol’s governance and the only manner in which the vexHNR token can be attained is by contributing to the Samurai Vault smart contract, by locking up Samurai NFT Nodes and the xHNR governance token.

The introduction of Samurai Vault ultimately caters to the protocol’s power users with long-term prospects that currently have limited ability to immerse themselves to the protocol and its governance in such manner, while effectively aligning incentives.

To ensure alignment with the above statement, the participation in Samurai’s Vault contains the following parametric pre-requisites:

A quantity of 100 Samurai NFT Nodes must be deposited (of any tier) AND A quantity of 100 000 xHNR governance tokens must be deposited (These parameters are not mutually exclusive and must be deposited simultaneously to successfully attain a Samurai Vault)

In accordance with the block speed, the lockup period of the Vault is estimated to be approximately 72 months (locked for 170 000 000 blocks).

The total number of Samurai Vault’s is finite and capped at 1300 nodes + 1 300 000 xHNR

Samurai Vaults

https://app.samurai.financial
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SIP-3: Implement, adopt and enforce Samurai Vaults
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