APY Tier Management

Within the KryptoPips platform, users can earn staking yield rewards. The APY Tier Management system empowers integrated brokerages to customize staking tiers based on specific criteria.

By defining minimum staked amounts and corresponding APY rates, brokerages can provide tailored incentives for their users. The flexibility of APY Tier Management allows brokerages to align their reward structure with changing business goals and requirements, enhancing the attractiveness and competitiveness of their offerings.

APY, or Annual Percentage Yield, represents the rate at which users receive KTP rewards over time. This APY is contingent upon the user's staked KTP quantity and is automatically accrued on the platform, accessible for users to claim via the Token Staking Dashboard.

While all admins possess the ability to view the current APY list, only the master administrator with the Owner wallet is able to create, modify, and remove APY tiers. The smart contract securely stores the APY list, ensuring transparency in the rules for all participants engaged in staking.

Create APY Tier: To create a new APY tier, navigate to the "APY" tab within the platform. Ensure that you are connected with the "Owner" MetaMask wallet, which corresponds to the contract owner's address. Locate and click on the "Add new" button to initiate the process.

A popup window will appear, prompting you to enter the necessary information. Once all the required details have been provided, proceed by clicking the "Save" button to queue the changes for updating.

Create

Once created, it is important to click on the "Update smart-contract" button. This action is necessary as the APY tiers are operated by the smart contract, and any modifications to the data must be recorded on the blockchain. The process of updating the smart contract requires transaction approval from the Owner wallet and incurs gas fees.

To optimize efficiency and minimize gas costs, the entire APY list is updated rather than individual items. This means that you can freely edit your APY list as desired, and only need to pay the blockchain fee once when approving the transaction. Once the transaction is approved, the APY list is updated.

Update smart-contract

Edit/Delete APY Tier: You can delete an APY tier or edit its details. To delete an APY tier, simply locate the Delete icon associated with the desired tier and click on it. Likewise, to edit an APY tier, click on the Edit icon for the specific tier you wish to modify.

A popup window will appear, allowing you to enter the updated details. Once you have provided all the necessary information, click the "Save" button to queue the changes for updating.

Once the list is edited, it is important to click on the "Update smart-contract" button. This action is necessary as the APY tiers are operated by the smart contract, and any modifications to the data must be recorded on the blockchain. The process of updating the smart contract requires transaction approval from the Owner wallet.