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The dividend can be one or more tokens paid out continuously (reward per second) throughout weekly epochs.
The tokens are given out based on a weekly epoch model, in which the owner sets aside a certain number of weekly tokens to be given out.
This process is then repeated every 7 days.
Tokens scheduled for distribution are spread equally over the epoch duration and allocated to users with an xBLS allocation on the Dividends plugin. This allocation is done block-by-block, proportionate to each user's share of the total allocation.
In simpler terms, if we go with the following values:
- a total of 10,000 xBLS was allocated to the dividends plugin
- a daily distribution of 10,000 USDT
If a user has allocated 200 xBLS to the plugin, he owns 2% of the allocations and will consequently receive 2% of the daily rewards, i.e., 200 USDT.
The distribution of dividends is done continuously, thereby allowing users to collect them without the need to wait for the end of the epoch.
Users can deallocate their xBLS tokens from this plugin anytime, without any conditions. However, a deallocation fee of 0.5% will be charged.