TerpLayer- stake

1. Project Overview

TerpLayer - stake is an innovative and forward-looking blockchain project in cooperation with Berachain, aiming to provide users with rich, diverse, efficient, and convenient financial services and interactive experiences. Although Berachain has already attracted a strong decentralized finance presence from Ethereum, TerpLayer will introduce decentralized Bitcoin trading into the Berachain ecosystem, building a bridge between the two leading blockchains. This cooperation will help Berachain diversify and expand its decentralized finance landscape, while enabling TerpLayer to leverage Berachain's liquidity-focused ecosystem.

2. Core Functions and Operation Processes

2.1 Wallet Connection

  • Supported wallet types: Currently, the TerpLayer-Stake project mainly supports wallet aggregators. This application can integrate multiple different digital wallets or financial accounts, including the Metamask wallet.

  • Add the testnet (if not added yet): For users who haven't added the Berachain Testnet yet, they need to perform the adding operation on the official website's stake introduction page. The specific steps are as follows: Search for "Bartio" on the ChainList website (https://chainlist.org/?search=&testnets=false), find the network with the ChainID of 80084, click "Connect Wallet", and then confirm in the wallet and click "Add to wallet". After successful addition, subsequent operations can be carried out. This step is the crucial entry point to start the journey on Berachain, ensuring that users can smoothly access the project's test network and experience its rich functions.

2.2 Types of Staking Rewards

  • BGT Rewards: Users can obtain basic BGT incentives by participating in staking tTERP.

  • tTERP Rewards: Additional tTERP rewards, further increasing users' staking earnings.

  • BTCswap Rewards: Provide more tBTC + TPUSD incentives to enrich the composition of earnings.

2.3 Staking Methods

2.3.1 Flexible Term

  • The annual interest rate is 5%.

  • When operating, select the demand deposit option and enter the staking amount. There will be no additional incentives for Mint NFT.

2.3.2 Fixed Term

Users can select the lock-up period and enter the staking amount when staking tTERP. After a successful transaction, an exclusive animated NFT will be automatically minted as an additional incentive. The more the staking amount and the longer the lock-up period are, the higher the annualized rate of return will be, and the higher the level of the NFT will also be.

3. NFT Mechanism

3.1 Dynamic NFT Functionality

As an asset certificate, it records important information such as the lock-up period, the right to earnings, asset information, and levels. Users can check the earnings situation or conduct transactions through it at any time.

3.2 NFT transactions

  • Seller's Operations: Before withdrawal, the NFT representing the asset voucher can be directly sold on secondary markets such as OpenSea and LooksRare. Once the NFT transaction is successful, the production of BGT rewards and BTCswap rewards belonging to this transaction will stop. However, the previously generated earnings can be claimed, and the Deposit tTERP and tTERP rewards will be transferred to the buyer simultaneously.

  • Buyer's Operations: After purchasing the NFT, you can connect your wallet on TerpLayer stake to verify the assets and withdraw them after the unlocking of the staked position. If the staked position is not unlocked at the time of the transaction, the BGT rewards and BTCswap rewards will be recalculated and can be claimed by the buyer. If the staked position has been unlocked but not yet withdrawn at the time of the transaction, only the Deposit tTERP and the earnings will be transferred to the buyer. Attention should be paid to the risks due to the processing time of the transaction. If the staked position has been unlocked and the assets have been withdrawn at the time of the transaction, then selling the NFT at this time is meaningless.

4. Operation Guide.

4.1 Stake tTERP（Deposit tTERP）

4.1.1 Demand deposit operations

Users first need to approve tTERP, and then conduct the Deposit operation. All operations need to be confirmed in the wallet. This process is simple and convenient. The approval step ensures the legality and security of the transaction, while the deposit operation is the basic step for users to participate in the project ecosystem and obtain earnings.

4.1.2 Fixed-term operations

Also on the Deposit tTERP page, select the lock-up period and enter the staking amount. After submitting the transaction, the system will automatically mint the corresponding dynamic NFT according to the staking information and complete the staking process.

4.2 Claim BGT rewards

In the BGT rewards module on the page, you can obtain the corresponding rewards by simply performing the Claim operation on the amount of Unclaimed BGT.

4.3 Withdraw assets（Withdraw）

4.3.1 Demand deposit withdrawal

In the demand deposit module, operations such as "withdraw tTERP" and "claim tTERP rewards" can be carried out to withdraw assets and claim earnings.

4.3.2 Fixed-term withdrawal

Withdraw the unlocked assets in the Unlocked module. At this time, the Deposit tTERP and tTERP rewards will be withdrawn together without the need for a separate claim. After the withdrawal, the NFT will no longer serve as an asset voucher.

5. Project Advantages and Value

5.1 Convenient operation experience

From connecting the wallet to various token operations, the whole process is designed to be simple and clear, with easy-to-understand steps. Both novice users and veteran blockchain enthusiasts can easily get started. Through the good compatibility with the Metamask wallet and detailed operation instructions, the usage threshold for users has been greatly reduced, and the enthusiasm and convenience of users' participation in the project have been enhanced.

5.2 Diversified income channels

The project offers multiple ways to obtain earnings. For example, through operations such as Deposit tTERP, Claim BGT and Delegate, etc., users can flexibly choose different earnings strategies according to their own asset status, risk preferences and investment goals. This diversified earnings model not only increases the sources of users' earnings but also diversifies investment risks, providing more possibilities and stability for users to increase the value of their assets in the blockchain financial field.

5.3 Good ecological interactivity

In the TerpLayer-stake project, each functional module is interconnected and mutually reinforcing, forming an organic ecosystem. Different operational behaviors of users, such as making deposits, claiming rewards, delegating, etc., are all contributing to the liquidity, stability, and development of the entire ecosystem. Meanwhile, users can also obtain more returns from the prosperity of the ecosystem. This good ecological interactivity not only strengthens users' sense of belonging and loyalty but also promotes the sustainable development of the project.

5.4 The Significance of Participating in the TerpLayer-stake Project

5.4.1 Seize the opportunities of blockchain financial innovation.

With the continuous development of blockchain technology, innovative applications in the financial field are emerging in an endless stream. The TerpLayer-stake project, as an outstanding one among them, provides users with a platform to plan ahead and participate in blockchain financial innovation through its unique functional design and economic model. Each operation by users in the project is an exploration and practice of emerging financial models, which is expected to gain a first-mover advantage in the upcoming wave of blockchain finance.

5.4.2 Achieve asset appreciation and preservation.

Against the backdrop of numerous uncertainties and risks faced by the traditional f inancial market, the blockchain financial field offers users a brand-new asset allocation option. The Berachain project provides opportunities for value appreciation and preservation of users' assets through diversified income channels and a stable ecosystem. Whether the market is on an upward trend or experiencing fluctuations, users can obtain relatively stable earnings in the project through reasonable operational strategies and achieve the steady growth of their assets.

5.4.3 Participate in constructing the blockchain financial ecosystem.

Every user who participates in the TerpLayer-stake project is an important force in the construction of the project's ecosystem. The active participation of users can not only promote the development and improvement of the project itself but also contribute to the prosperity of the entire blockchain financial ecosystem. Through interaction and cooperation with other users, validators, and the project team, a more fair, transparent, and efficient blockchain financial environment will be jointly created, laying a solid foundation for future financial innovation and development. In conclusion, the TerpLayer-stake project, with its rich functions, convenient operations, diversified earnings, and excellent ecological interactivity, provides an extremely attractive blockchain financial service platform for a vast number of users. Whether you are an investor seeking asset appreciation or an enthusiast eager to explore blockchain financial innovation, it is well worth actively participating in it to jointly embark on an exciting journey of blockchain finance. If you have any questions or need further details about the project, please feel free to contact us. We will be wholeheartedly at your service.

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