Borrowing | Renting | Lending
○ This feature will be available via Monsta Infinite Marketplace (on a limited basis)
Play to Earn and Economic Model
○ A play to earn and economic model where the game are accessible to everyone while low-entry cost are maintained for players with limited amount of budget and rewarded with STT;○ In the Monsta Ecosystem, MONI is a governance token while STT is a utility token.
[1] STT Earned Based Borrowing Model (limited time)
[2] MONI Based Borrowing Model
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Borrowing | Renting
○ Selecting Monsta- Monsta Infinite may formulate an OPTIONs for lending whether the Lender will choose OPTION 1 or 2 (applicable for STT earned based borrowing model)
- Borrowers can select up to three (3) monsta thru MIMP (applicable for both model)
[ OPTION 1 - Flexible ]
- Borrowers must be able to select three (3) monsta from a different Lender.- What this means? In order to form a better team composition; borrower has the option to select one or two monsta from the same lender and different lender for the other monsta; with this setup, borrower would be able to choose the best meta or lineup of monsta.
○ This option is subject for a fixed amount of STT requirement to be earned set by the developer.
[ OPTION 2 - Fixed ]
- Borrowers may opt to choose all three (3) monsta from one Lender.○ This option is subject for a fixed amount of STT requirement to be earned set by the lender.
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Lending
[1] STT earned based borrowing model - deflationary
○ Using the [ OPTION 1 ]
- Borrowers has to meet the required amount of STT set by the Developers.
- Borrowers must agree to share their STT earnings with the Lenders.
- Lender will define the percentage share of STT per monsta.
(typically depends on the monsta MMR, might be; 25%, 35%, 40%, 45% or 55% while developers has the option to set a maximum limit)
- Lending duration will be two (2) weeks.○ Using the [ OPTION 2 ]
- Borrowers has to meet the required amount of STT set by the Lender.
- Borrowers must agree to share their STT earnings with the Lender.
- Lender will define the percentage share of STT per monsta.
(typically depends on the monsta MMR, might be; 25%, 35%, 40%, 45% or 55% while developers has the option to set a maximum limit)
- Lending duration will be two (2) weeks.
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[A] STT Earnings
○ Distributing and Burning STT- STT is inflationary in terms of minting regulary, or in daily basis and deflationary at the same time as it has wide form of utility in game whuch consider as burning mechanism such as; augmenting, cloning, reviving of monsta, cosmetics and assets crafting, etc.
- Exactly at the end of lending duration, liquidation engine shall distribute the rewards to all Lenders and Borrowers while burning mechanism shall trigger. (why not distribute to Lender / Borrower instead of burning, imagine you’re in a store which is consider to be the marketplace renting for space, I personally consider it as market fee or tax, where Monsta Infinite Team offers an option to let everyone play to earn thru this feature. This way, STT may continue to deflate as one counter measure where in most case once scholarship system is implemented, Managers and Scholars may continue to cash out that would lead to oversupply in CEX or DEX.)
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[B] STT Terms
[1] Borrowers who have earned or met an amount of STT requirements, rewards will be distributed and chosen monsta will remain in the borrowers account unless the Lender requests to get the monsta back in the Marketplace or to Lender’s wallet address or the borrower may opt to return the monsta in the Marketplace. (STT percentage share apply)
[2] Borrowers who have neither earned nor meet an amount of STT requirements, borrowed monsta will automatically be returned to the Marketplace. (STT percentage share apply)
[3] Borrowers who continue to have their borrowed monsta returned to the Marketplace for failing to meet the STT requirements may be banned from using the feature. This ensures proper incentives at play for both Borrowers and Lenders.
○ Lender should set a reasonable amount of STT requirements while Developer has to set a reasonable maximum limit, decision will prevail once P2E is implemented already and verify how many STT can be earned in average by the Player.
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STT Figures (Sample)
[B.1] Borrowers who have earned or met an amount of STT requirements.
○ Borrower has a Team of three (3) monsta with the following STT percentage share and required amount;
○ percentage share
monsta 1 =45%
monsta 2 = 35%
monsta 3 = 40%
○ required amount of STT = 1,200.00 STT- burned = 60.00 STT (fixed to 5% which will go directly to burn pool)
- lender = 180.00 STT (1,200.00 STT * (1/3) * 0.45) for monsta 1
- lender = 140.00 STT (1,200.00 STT * (1/3) * 0.35) for monsta 2
- lender = 160.00 STT (1,200.00 STT * (1/3) * 0.40) for monsta 3
- borrower = 660.00 STT- burned = 60.00 STT
- minted = 1,140.00 STT
- burned/minted ratio = 5%[B.2] Borrowers who have neither earned nor meet an amount of STT requirements.
- burned = 660.00 STT (the rest will go to burn pool or put to liquidity)
- lender = 180.00 STT (1,200.00 STT * (1/3) * 0.45) for monsta 1
- lender = 140.00 STT (1,200.00 STT * (1/3) * 0.35) for monsta 2
- lender = 160.00 STT (1,200.00 STT * (1/3) * 0.40) for monsta 3
- borrower = 60.00 STT (get 5% minimum threshold or get liquidated?)- burned = 660.00 STT
- minted = 540.00 STT
- burned/minted ratio = 55%○ In order not to abuse [B.3] applies
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Lending
[2] MONI Based Borrowing Model
[Demand-Pull Inflation?]- Borrower is entitled to all STT earnings
- Lender can choose to accept MONI as payment for rent
- Lender can place a bid for borrowing
(applicable for High MMR | Augmented | Inception monsta)
- Lender can set a borrowed period or duration (minimum of 14 days?)
- Monsta Infinite will received a three percent (3%) fixed amount of MONI from the payment to sustain the releasing of new batch of limited monsta or use to build LP or staking rewards system.
- Concept credits to AxieTree
- Implement a multi-layered captcha in marketplace against bot.
- Transaction or gas fees applies where applicable.
- Players may get banned, ensures that borrowed monsta to get back onto the marketplace or lender’s wallet address.
- Borrowed monsta can be used for Farming / PVE / PVP / Tournament / Leaderboard.
- Borrowed monsta will not be able to augment or clone or any part of the upgrade.
