What Is WXBooster, How Does It Work?

Please keep these things in mind when you're making your very own decisions about WXBooster:

• WXBooster smart contracts are audited by Fairyproof, the same company audited Swop.Fi smart contracts as well.
• Audit report: https://fairyproof.com/doc/Wxbooster-Audit-Report-030122.pdf
• The WXBooster team has the right of changing the conditions of WXBooster at any time if necessary.

What is WXBooster?

WXBooster is supposed to work as a booster to increase the staking reward of Waves.Exchange LP Tokens for who chooses to stake them through WXBooster.

WXBooster is planned to run 403200 blocks(~280 days, ~40 rounds) and after that, it is planned that WXBooster will cease its existence. This may change because of various reasons.
This, ideally 403200 blocks running period is called "Phase 1".

After Phase 1, WXBooster may have a Phase 2 if decided so. In that case, Phase 2 may have its own structure, token, strategy, fee, and conditions.

WXBooster Phase 1

• Starts at block number 2994180(Phase 1 first block).
• The target block number is 3397380(Phase 1 target block).
  • WXBooster is planned to be ended when all of the lp smart contracts' last rounds(rounds started before the Phase 1 target block) are ended.
• WXBooster runs with a round model where each round ideally lasts 10080 blocks(~7 days).
  • After 10080 blocks of running, the current round can be ended at any time by anyone.
  • Each lp smart contract has an independent schedule, and must be ended separately.
• WXBooster has a different smart contract for each lp on Waves.Exchange. Each smart contract may have a different first block number, but all have the same target block number which is 3397380.
• Having a different smart contract for each lp may result in a different ending block number for each lp smart contract.
• Each WXBooster lp smart contract will be ended/concluded with the ending of the last round that is started before the target block.
• When one of the WXBooster lp smart contracts is concluded, all the LP Tokens for that lp will be unstaked. Because of this, users are suggested to withdraw their LP Tokens as they won't earn any reward through that contract anymore.
• You can stake(before the Phase 1 target block is reached) and unstake your LP Tokens at any time as there is no locking mechanism.