Each creator will have a staking pool created for them when they onboard Only1. Users and supporters can stake LIKE tokens to earn Annual Percentage Yield (APY) Rewards. The APY of each creator will adjust according to their social activities across various platforms.
Creator Staking Pool APY serves to exercise content control. APY of a creator is ‘slashed’ when bad content is flagged from DAO Community (we call this “Proof-of-Content”) and vice versa when the creator is actively creating content that abides by the DAO’s community guidelines.
Annual Percentage Yield (APY) Algorithm
Factors and Metrices
APY of a creator’s staking pool should correlate to his/her social activities across different platforms. The APY calculation algorithm takes into account the following factors, and will be continually reviewed and updated to optimize for maximum social engagement and fair rewards for all users;
A. Following (F)
Number of followers/friends/subscribers
Audience Growth
B. Content (C)
Content Produced
Twitter - Number of Tweets
Facebook - Posts, Albums, Live Streams, Groups or Forums joined
Youtube - Number of of Videos, Live Streams
Instagram - Number of Posts, Stories, Reels
TikTok - Number of Videos
Update Frequency
Impression
Reach
C. Engagement (E)
Clicks
Retweets
Likes
Shares
Comments
Mention
D. Tokenomics (T)
Tokens release should be in accordance with our vesting scheduled for Community Pool outlined in here [Insert Link]
The overall social factors, F, C, E, and T, can be calculated as the weighted average of all the sub-social factors within the corresponding overall social factor categories.
The weightings assigned to each social platform of the creator is depending on the “active status” of the platforms, i.e. whether the creator is actively managing his or her social platforms.
Platform Variables
Each platform variable is following a pre-defined distribution so that:
0≤∀PlatformVariableValues≤1
Data Engineering
The above data will be extracted from socials using open APIs, transformed, and analyzed for real-time APY calculation. More about the technology behind here.
Rewards
Creators will get 0.4% of the total value locked in their creator staking pool by seconds as a reward for being active and producing quality content that abides with the community guidelines.
These rewards will be given out in LIKE from the Community Pool according to the pre-set vesting schedule.