piggy-bankPetrobank

Petrobank has been developed to support the sustainability of the Petronad ecosystem and to offer users an alternative passive income method where they can utilize their assets.

How It Works

Petrobank operates on a "Proof of Stake" basis. The higher your share in the pool, the higher your share of the distributed rewards.

  • Stake Token: $PETRO

  • Reward Tokens: $PETRO + $MON

Reward Mechanism

There are two different reward streams in the system:

  1. Fixed $PETRO Distribution: The system distributes a total of 15,000 $PETRO daily to users participating in the Petrobank pool. This amount is calculated and reflected instantly based on the user's total share in the pool (User Deposit / Total Pool).

  2. Dynamic $MON Rewards: $MON is injected into the reward pool by the developer team at specific intervals. The amount of $MON sent is distributed to users proportionally over a 48-hour period starting from the moment of injection.

Early Withdrawal & Service Fees

Petrobank implements a tiered exit fee to protect long-term investors (HODLers) and ensure the stability of system liquidity.

Fees are calculated based on the instant market value of the withdrawn $PETRO amount and are collected in $MON.

Duration (Since Staking Time)

Service Fee

First 0 - 24 Hours

10%

24 - 48 Hours

5%

After 48 Hours

0% (Free)

circle-info

Info: Users who have completed the 48-hour period can withdraw both their principal deposit and accumulated rewards without any deductions.

Fee Redistribution

Service fees collected from early withdrawals continue to fuel the ecosystem. 50% of the collected fees are redistributed to the loyal users (stakers) remaining in the system, proportional to the amount of $PETRO they hold. This mechanism increases the yield (APY) for long-term investors.

Last updated