Mint Rush Details

Libre Mint Rush formulas.

The Libre Mint Rush was a distribution of LIBRE in exchange for contributions to the AMM liquidity pool of LIBRE / BTC. For graphs and logic please see Mint Rush.

Mint Rush Math

The Mint APY was calculated using the following formula:

$f(StakedDays) =((Alpha0 + √ (Staked Days/365)*(Beta0-Alpha0)))*(1 + Mint Bonus)$

Alpha0 and Beta0 are defined in the Libre Core Constants.

All of the values are stored on-chain as defined in the Mint Rush Table below in the open-source Libre staking contract.

Mint Rush LP Token Repayment

Mint Rush contributors received staked LIBRE and also slowly get back their share of the initial liquidity pool which includes the BTC, matching LIBRE, and any fees that have accumulated.

The rate of repayment (daily) is calculated based on the total LP tokens that of any account (that contributed to the mint rush liquidity pool) using the following formula:

$$r = (Total LP Tokens) / (LP Repayment Length)$$

Mint Rush Table

Variable	Type	Value
Index	INT	Table row index
Day of Mint Rush	DATE	=Todays Date - Mint Start Date
Staked Days	INT	User Defined **Required**
Your BTC Contribution	FLOAT	=User Defined **Required**
Mint Bonus	%	=(1 - ( Day of Mint Rush / Length of Mint Rush ))
Libre Minted	FLOAT	=( Total BTC Contributed / Your BTC Contribution ) * Total Libre Minted
Mint APY	%	=((Alpha0 + sqrt(Staked Days/365)*(Beta0-Alpha0)))*(1 + Mint Bonus)
Total BTC Contributed	FLOAT	=SUM of all Bitcoin Contributed During Mint Rush
Total Libre Minted	FLOAT	=200,000,000
Mint Bonus	INT	=2x
Length of Mint Rush (Days)	INT	=30
Mint Start Date	DATE	11/15/2022
Minimum Staking Period (Days)	INT	=30
LP Repayment Length (Days)	INT	=365