USDC $Mark Miner

Exclusive for Algorithm Vault Depositors

The daily yield from the Algorithm Vault will be adjusted to 0.01%. In addition, users will be able to leverage their entire TVL to establish USDC $Mark Miners.

Miner Creation

To create a miner, users will input their desired USDC amount and select “Create Miner.” This action will decrease the USDC Vault TVL accordingly.

Should users deposit or compound USDC in the Algorithm Vault, their Algorithm Vault TVL will increase, enhancing their capacity to establish more USDC $Mark Miners.

The creation cap for a USDC Miner is equivalent to the USDC vault's TVL.

USDC Mark Miner Details:

The daily reward is 500k per day.

Each Miner's capacity ranges from 200 to 10,000 USDC.
Once a miner stops, rewards enter a vesting phase.
Vesting duration is 1.4 times the total operational days of the miner (can be greater than the lock period).

Lock Period	10 Days	20 Days	30 Days	60 Days	100 Days
Mining Power Booster	1	1.04	1.2	2.4	5

$psMark Booster:

****Post-creation, the user can earn a “$psMark Booster” by staking $psMark to the miner.
$psMark stake boosters are applied when staking 10,000 to 400,000 $psMark tokens (Linearly increases from 0.05 to 3).
$psMark stake can be withdrawn at any time.
Total Booster is equal to the Lock Period Booster plus the $psMark Booster. For example, a 100-day lock with 400,000 psMark deposits achieves a total Booster of 8.

Allocation of USDC in Mark Miners:

20% converts to $ETH for 4M4 miner incentives.
20% goes towards $Mark buyback, benefitting USDC Mark miners.