Team-building Reward Eligibility and the Swamp
Last updated
Last updated
In order to be eligible for receiving tax rewards from deposits and compounds from your disciples and their disciples, you must have purchased the requisite number of SLIME LP tokens from the Swamp contract. The number of SLIME liquidity tokens you must hold to receive team rewards scales both on the levels down you want to receive rewards from as well as the number of OOZE tokens in your deposit. This ensures that the amount required to team-build is proportional to the amount you stand to gain by growing your deposits, and also ensures that team-building is affordable to all wallet sizes.
Eligibility is based on the number of levels down you wish to receive rewards from. If you purchase the requisite number of SLIME tokens for 3 levels, then whenever your immediate disciple deposits or compounds you are eligible to receive rewards, and whenever the 2 additional levels below them compound, you are eligible to take a turn for their rewards.
Team-building eligibility and your Swamp deposits are tied to a specific NFT. If you wish to team-build on multiple NFTs you must purchase the requisite amount of SLIME tokens from the Swamp for each NFT separately.
The required amounts for each level are as follows:
Levels Down | Multiplier for number of deposited OOZE |
---|---|
0.100 | |
0.123 | |
0.169 | |
0.238 | |
0.330 | |
0.445 | |
0.583 | |
0.744 | |
0.928 | |
1.135 | |
1.365 | |
1.618 | |
1.894 | |
2.193 | |
2.515 |
Note that if you deposit more OOZE into an NFT, thereby increasing your DEPOSIT amount, and the amount you are able to compound to, your teambuilding requirements will increase, and you may lose eligibility for levels you were previously eligible for. Keep an eye on the table in the Swamp contract to ensure you are still eligible.
Rewards from compounds and from teambuilding go to your REWARDS section, and do not affect your DEPOSIT amount or your MAX BALANCE.
Josie has recruited a team organization 5 levels deep. She initially deposited 20 OOZE tokens, but then added an extra 40 OOZE tokens at a later date (for a total deposit of 60 OOZE tokens).
Josie wants to know how much SLIME is required to take full advantage of all five levels of her organization. First to find her multiplier, she uses the table above to find that her multiplier is 1.3:
For her to benefit from all the possible rewards down to 5 levels, she must then multiply that by the number of OOZE in her DEPOSIT:
Therefore, Josie must purchase and hold 19.8 SLIME tokens to benefit from all five levels of her downline.
Note that compounding your rewards in the Swamp contract increases your tracked SLIME tokens and is a way to long-term raise your team-building reward eligibility.
In addition to SLIME liquidity, in order to be eligible for receiving team-building rewards you must have a positive NDV. NDV stands for ‘Net Deposit Value.'
In other words, if you have claimed more than the value you've added into the system, you are no longer eligible to receive further team-building rewards.