MMY Rewards provide benefits for long-term users of the protocol, these rewards come in the form of Escrowed MMY and Multiplier Points.

Compounding vs Claiming

There are two options for rewards on Earn: "Compound" and "Claim".

Compounding will stake your pending Multiplier Points and Escrowed MMY rewards, this will increase the number of rewards you receive.

Claiming will transfer any pending Escrowed MMY rewards and FTM / WETH rewards to your wallet.

If you compound or stake your Escrowed MMY tokens, you can unstake them for vesting at any time later on.

Escrowed MMY

Escrowed MMY (esMMY) can be used in two ways:

  1. Staked for rewards similar to regular MMY tokens

  2. Vested to become actual MMY tokens over a period of one year

Each staked Escrowed MMY token will earn the same amount of Escrowed MMY and FTM / WETH rewards as a regular MMY token.

Note that Escrowed MMY (esMMY) is not meant to be transferrable unless you are doing a complete account transfer. The amount of MMY or MLP required to vest esMMY is unique per account and capped to the rewards received by that account. Please do not buy esMMY off the market or OTC as you will not be able to vest them.


Escrowed MMY (esMMY) tokens can be converted into MMY tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of MMY or MLP tokens that were used to earn the esMMY rewards will be reserved.

For example, if you staked 1000 MMY and earned 100 esMMY tokens, then to vest 100 esMMY tokens, 1000 MMY tokens will be reserved. To vest 50 esMMY, 500 MMY tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

esMMY tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.

After initiating vesting, the esMMY tokens will be converted into MMY every second and will fully vest over 365 days. esMMY tokens that have been converted into MMY are claimable at any time.

If a user sells MMY or MLP tokens and would like to vest their esMMY rewards, later on, they would need to re-buy the MMY or MLP tokens. MMY, esMMY, and Multiplier Points can be used interchangeably for the required reserve amount.

Depositing into the vesting vault while existing vesting is ongoing is supported.

Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported so withdrawing will withdraw and unreserve all tokens as well as pause vesting. All esMMY tokens that had been vested into MMY will remain as MMY tokens.

Multiplier Points

Multiplier Points reward long-term holders without inflation.

When you stake MMY, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 MMY staked for one year would earn 1000 Multiplier Points.

Multiplier points can be staked for fee rewards by pressing the "Compound" button on the Earn page, each multiplier point will boost FTM APRs at the same rate as a regular MMY token.

When MMY or Escrowed MMY tokens are unstaked, the proportional amount of Multiplier Points is burnt. For example, if 1000 MMY is staked and 500 Multiplier Points have been earned so far, then unstaking 300 MMY would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points, including both the staked and unstaked.

To transfer staked tokens without burning Multiplier Points, use the Transfer button on the Earn page.

The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points. For example, if the FTM APR is 10% and you have $10,000 worth of MMY and esMMY, then your rewards would be $1000 annualized if you additionally have several Multiplier Points equivalent to 20% of your total amount of MMY and Escrowed MMY, your "Boost Percentage" would display as 20%, and you would get an extra $200 of FTM rewards annualized.

The “Boost Percentage” is calculated from the ratio of Multiplier Points to your total amount of staked MMY. This data will show you how much more percentage of FTM reward you will earn when you stake MPs compared to when you don't.

Boost Percentage = 100 * (Staked Multiplier Points) / (Staked MMY + Staked esMMY)

An example:

100 * (4.5656) / (7.54 + 2.00) = 47.85%

The Boosted APR shows how many FTM you will earn in a year from staking MPs.

FTM Boosted APR = FTM Base APR * User's staked MPs / User's staked MMY & esMMY


A summary of rewards and mechanics:

  • MMY: earns FTM / WETH, esMMY, and Multiplier Points when staked

  • esMMY: earns FTM / WETH, esMMY, and Multiplier Points when staked

  • Multiplier Points: boost FTM / WETH APRs when staked

  • MLP: earns FTM / WETH, esMMY, automatically staked on mint

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