📋How It Works

Objective

The DRINKS by Speakeasy protocol attempts to balance a reasonable and consistent rate of return with the most sustainability possible. It employs several mechanics in this effort, including: 1) Variable APR's that provide the ability to incentivize holding and new investment in DRINKS token when the protocol is on the rise, while dialing back returns durning downturns.

2) Revenue generation through the sales of APR-boosting NFTs.

3) Revenue generation through strategic investment in outside protocols, leveraging the power of combined resources.

4) Revenue generation through investment in conservative farms/liquidity pools.

All of these efforts are designed to generate funds for the Treasury to use to support the market price of the DRINKS token. However, it should be noted that projects of this type usually have an endpoint. Play responsibly.

Earning Rewards

Users who hold a Speakeasy Membership Key Card can enter the protocol by depositing DRINKS into the contract. All DRINKS deposited or reinvested are permanently locked in the contract (TVL). The DRINKS token itself can be purchased via our dApp on the website or via Pancakeswap.

The base daily APR is 0.25%. This rate can be increased, thereby increasing the amount DRINKS earned on the TVL, through the purchase of one of several NFT's offered.

DRINKS rewards can be accessed on a weekly basis by the Member. These rewards can be claimed or compounded as the Member sees fit. Once claimed, DRINKS can be swapped for other BEP-20 tokens, such as BNB, using either the DRINKS Exchange or Pancakeswap.

Claiming Rewards

Daily rewards are locked for a total of 168 hours (7 days). After this period rewards are unlocked and can be either claimed ("Cash In"), or reinvested ("Let it Ride") for another 7-day period.

Once unlocked, rewards will no longer increase until the user opts to Cash In or Let it Ride.

Maximum Rewards

The maximum reward accumulation is 3M DRINKS per 7-day cycle as described above. The total allowed to deposit or reinvest is 3M DRINKS per 7-day cycle. The total maximum deposits to any single wallet address is 30M DRINKS. The total max payout of a single wallet is 3X, up to 90M DRINKS. Note: These reward amount are the standard, but the Treasury can adjust, if required.

Initial Deposit/Reinvestment Deposits

Except for the initial deposit into the protocol, any additional new deposits must be made along with the reinvestment of an unlocked reward. For example, if you earned a $100 reward for a 7-day cycle and you wanted to add $200 more into the protocol, you would simply reinvest the $100 reward and add another $100 as a new deposit in a single transaction.

It should also be noted that reinvestments are considered deposits, but are taxed at a lower rate than new deposits as an incentive.

As a further incentive, each reinvestment made will add a TBD% bonus to your total APR. As an example, if you make 50 weekly reinvestments of your reward, you would add TBD% to your total APR within that timeframe. Note: Should you reach the maximum TBD% APR, these bonuses would no longer apply.

Referral Program

Speakeasy offers a simple referral program. Any Speakeasy Member who refers someone into the protocol will receive a TVL credit equalling 5% of the referral's first deposit. Note: You must be a member (holding an MKC in the wallet you provide to your referral) in order to receive this bonus.