This dividends distribution can be done in the form of one or more tokens, and happens continuously (reward/second), through weekly epochs.
The distribution is based on a weekly epoch logic: every week, a fixed part of the owner-defined accumulated tokens is marked as to be distributed.
The same process is repeated every 7 days.
The distribution of those tokens is equally spread over the duration of the epoch, and allocated on a second-basis to every user with a xGRAIL allocation on this Dividends plugin, proportionally to their share of the total allocation.
In more simpler terms, if we go with the following values:
- a total of 10,000 xGRAIL allocated to the dividends plugin
- a daily distribution of 10,000 USDC
If a user has allocated 200 xGRAIL to the plugin, he owns 2% of the allocations and will consequently receive 2% of the daily rewards, ie 200 USDC.
Dividends are being distributed continuously, users don't need to wait for the end of the epoch to collect them.
Deallocating xGRAIL from this plugin is not subject to any condition, and can be done at any time.