🔮Spiritual Power & Staking System
Last updated
Last updated
In 2022, shortly after the launch of the first season of Weirdo Ghost Gang NFTs, we released the Spiritual Power V1, which was purely calculated based on on-chain data and dynamically changed with the holding time of each Lil Ghost in the wallet. We called it “Proof of Experience” and later used the Spiritual Power as a threshold for various virtual space rewards and collaborations. As the ManesLAB ecosystem expanded, the Spiritual Power V1’s complex calculation rules and weak combinability became evident.To accompany the upcoming expansion of the Weirdo Ghost Gang world, we present to you: Spiritual Power V2 and the WGG Staking System. The new Spiritual Power will be displayed in a more intuitive points format, aggregating and displaying all WGG assets held in connected wallets under the MID identity, and strengthening the linkage with other products within the ManesLAB ecosystem. After staking Ethereum mainnet assets, holders will receive stWGG redemption vouchers on L2, which can be unstaked at any time to retrieve mainnet assets. Subsequent protocols such as lending agreements and lottery weight calculations will be based on stWGG.
Spiritual Power V2 = (Initial Spiritual Power + Spiritual Power Bonus) * Magnification Factor + Staked Spiritual Power + External Spiritual Power
The initial Spiritual Power is derived from all your accumulated points from Spiritual Power V1, calculated by merging the individual Spiritual Powers as of the snapshot date 2024-05-25 12:00 UTC.
Spiritual Power Bonus is awarded to participants in the ManesLAB ecosystem. Holding the following NFTs on the snapshot date 2024-05-XX UTC XX:XX can earn bonus:
To eliminate the visual and accuracy impact of decimal numbers, the spiritual power points in the new system will be displayed 100 times larger. In the first month of the new system, users can earn up to a 150x boosted multiplier by staking at least one Weirdo Ghost Gang Lil Ghost, which will linearly decrease to 100x after 30 days.
Spiritual Power has been deprecated after the snapshot, and subsequent growth will be determined by the number of stWGG solely. Unstaked WGG tokens will not be included in the calculation as liquid assets. Calculation Rules: 1. Each stWGG produces 100 points of spiritual power daily.
2. Loyalty Coefficient (LC)
3. If the staked amount today >= the previous day, LC = previous day LC + 0.02, with a maximum of 2.
4. If the staked amount today < the previous day, LC returns to 1.
5. Daily growth spiritual power = (100 points of spiritual power) * LC * number of staked units
6. Total staked spiritual power = ∑daily growth spiritual power
Example: Sleepy holds 3 WGGs.
Day 1: 1 WGG is staked, with an LC of 1.02 after the first day. The daily growth spiritual power is 100 * (1 + 0.02) * 1 = 102.
Day 2: as the staked amount remains unchanged, the spiritual power is 100 * (1 + 0.04) * 1 = 104.
Day 3: 3 WGGs are staked, maintaining the daily LC growth of 0.02, resulting in a spiritual power growth of 100 * (1 + 0.06) * 3 = 318.
Day 4: Sleepy cancels the staking of 1 WGG, returning the LC to 1, with a daily growth of 100 * (1 + 0) * 2 = 200.
Staking at least one WGG also provides opportunities to gain external Spiritual Power, which refers to Spiritual Power obtained from sources other than Staked Spiritual Power, including but not limited to other products within the ManesLAB ecosystem and rewards from our ecosystem partners.
After staking Ethereum mainnet assets on the official spiritual power page, holders will receive stWGG redemption vouchers on L2, which can be unstaked at any time to retrieve mainnet WGG assets.
As of March 20, 2024, Weirdo Ghost Gang has collaborated with over 1,000 projects, distributing over 23,000 partner whitelists to community members. During these lottery processes, we observed complicated prerequisites, verification steps, and numerous bot accounts deteriorating the participation experience. To address this, the “Raffle System” will be launched later this year, forming a trinity with the “Spiritual Power” and “Staking System,” combining spiritual power, holdings, and activity to provide community members with a more relaxed, intuitive, and fair raffle and incentive system.
We have always believed that from the perspective of community incentives and project operations, a fair and transparent points system is still the most suitable solution, and within the current compliance framework, it is the most direct positive feedback method for users’ participation and contribution within the ecosystem. Therefore, in 2022, we launched the spiritual power system alongside the Weirdo Ghost Gang Lil Ghosts. As the ManesLAB ecosystem continues to expand, we decided to upgrade the spiritual power system, connecting various application scenarios online & offline, Web2 & Web3. In our vision, the new spiritual power system can comprehensively record users’ experiences within the ManesLAB ecosystem and serve as a benchmark for us and our partners in allocating incentives/rewards to ManesLAB ecosystem users.
| Auditor | Date | Scope | Report |
|---|---|---|---|
Project
Snapshot Time
Chain
Contract Address
Supply
Holders
Bonus (pre-magnification)
2024-05-23 12:00 UTC
Ethereum ERC-1155
0xA986d05380d35E6D54Aab2F61a30c3c4aC5a666a
34
22
200
2024-05-23 12:00 UTC
Ethereum ERC-721
0xd2EF89A4c20ee821370c658F0C27F57f1B8640b2
1705
549
80
2024-05-23 12:00 UTC
Ethereum ERC-721
0x03C85bB65d8a5c6F71B6c932899b0885E83525Ff
233
134
80
2024-05-25 12:00 UTC
Polygon
0x8C314BDC9ba71cdCe83295c2d17AeA7b4c827a53
548
164
10
2024-05-25 12:00 UTC
Polygon
0x6Afe8763Ec88ef6a01a546A11532eDAa1F446592
1766
122
10
Project
Contract Address
Chain
WGG Token
0x9401518f4EBBA857BAA879D9f76E1Cc8b31ed197
Ethereum
Ethereum Mainnet Bridge
0x477caBb8Ece6559F3dDC0C61Ca03DABfef05D1Aa
Ethereum
stWGG Token
0x70B1eEb0c20d0Abc6F86f4b94A52Cc1FA41c4E35
Base
Base L2 Bridge
0xf91874A0cdA02C6B77E46c2120675F160114C621
Base
KEKKAI
2025-05-17
Bridge $stWGG
See below file