Using Safeboxes

Utilizing Safebox within the Floor Protocol necessitates the staking of $FLC tokens.

Setting the Locking Period When creating a Safebox, you set the locking periods incrementally based on your needs. For instance, short periods work for auctions while longer ones is more suited for improving personal liquidity.

Understanding the Reserve Ratio The staking requirement fluctuates based on the reserve ratio - the number of Vault NFTs divided by total NFTs overseen. High ratios imply robust redemption reserves. Below a threshold, the staking requirement rises to maintain token stability.

Benefits of Staking Ample $FLC Staking ample $FLC allows reserving lengthier periods. Large holders gain flexibility in renewing keys, avoiding low ratio periods.

VIP Levels and Safebox Durations Your VIP tier determines the max Safebox duration. The top tier accesses the coveted infinite variant - no expiry, catering to the most loyal collectors.

Lastly, the correlation between the reserve ratio and the required staking amount is depicted below:

Reserve Ratio	$FLC Staking for Extra Day
≥ 60%	400
< 60%	440
< 58%	480
< 56%	520
< 54%	560
< 52%	600
< 50%	640
< 48%	680
< 46%	720
< 44%	760
< 42%	800
< 40%	880
< 38%	960
< 36%	1040
< 34%	1120
< 32%	1200
< 30%	1360
< 28%	1520
< 26%	1680
< 24%	1840
< 22%	2000
< 20%	2320
< 18%	2640
< 16%	2960
< 14%	3280
< 12%	3600
< 10%	7200
< 8%	14400
< 6%	28800
< 4%	57600
< 2%	115200

This table highlights that the staking requirement stays constant at 2000 $FLC until the reserve ratio reaches 60%. From this point onwards, the requirement escalates progressively as the reserve ratio increases.