dLP (Dynamic LP)

AZKA dLP holders earn the following:

1) pro-rata share of vAZKA rewards distributed unconditionally to dLP holders.

2) vAZKA rewards allocated for Murabaha activity provided they maintain the eligibility requirement.

AZKA dLP Multipliers

AZKA dLP is non trade-able/ non-transferable and is issued by time locking the AZKA/ETH Uniswap LP. Users can lock their LP tokens from 4 weeks up to 52 weeks. Similar to a 'Vote Escrow' model, a multiplier is applied on the Uniswap LP amount as follows:

Time Lock	Multiplier
4 weeks	1
13 weeks	4
26 weeks	9
52 weeks	20

Hence any amount of AZKA/ETH locked for 52 weeks will have 20x the weighting.

The purpose of the weighting system is to facilitate the following:

i) determine a users pro-rata share of 'Unconditional eAZKA rewards'.

ii) Supporting users to maintain the eligibility requirement for the 'Conditional eAZKA rewards' allocated for Murabaha activity. - ('Virtual USD Value')

AZKA dLP mechanics

$$\text{AZKA dLP Received} = \text{LP Tokens Locked} \times \text{Time Lock Multiplier}$$

A users dLP balance on any given week can be calculated as follows:

$$\text{User dLP} = \text{Starting dLP} \times (1 - \frac{w}{S})$$

Where the Starting dLP is the initial dLP balance of the user at week 0.

(S) is the user’s staking period in weeks.

(W) is the week (1 <= w <= S).

This means that a users dLP decreases until it is 0 at the end of the users staking period. This does not impact the value/amount of the underlying LP deposited.

Users can increase their dLP by either topping up or extending.

Weekly Reward Distribution

Unconditional eAZKA rewards for dLP holders are distributed in weekly epochs (approximately every sunday 00:00 UTC). These are the 'unconditional rewards' given to dLP holders by default and not subject to any extra eligibility criteria. Users can claim their 'Unconditional rewards' at anytime after the weekly epoch or allow their rewards to accumulate.

AZKA dLP vROI

A users weekly reward (Rw) is a function of the Pro-Rata ratio (Pr), the specific amount of Token Rewards(TR) and the ETH price of the Token being rewarded:

$Rw = \sum_{i=1}^{n} \left( TR(i) \times \text{ETHprice}(i) \times Pr \right)$

Where the pro-rata ratio is given by:

$\text{Pr} = \frac{\text{Users dLP}}{\text{Total dLP}}$

A users expected ROI is given by:

$\text{vROI}(w) = \frac{(\text{Rw}) \times 52}{\text{ETH Value of User's Underlying LP}}$