# Multiplier Points

IBET Multiplier Points are designed to incentivize and reward our long-term stakers. 

1. <mark style="color:purple;">**Earning Multiplier Points:**</mark> For every moment you stake your `$IBET`, you accumulate Multiplier Points up to 100% APR. So, if you've staked 1000 `$IBET` for a full year, you'd have earned an additional 1000 Multiplier Points.
2. <mark style="color:purple;">**Utilizing Multiplier Points:**</mark> Once you've earned Multiplier Points, you can stake them to enhance your rewards. On the `$IBET` Earn page, you can hit the "Compound" button, each Multiplier Point amplifies yield of your `$IBET` stake.
3. <mark style="color:purple;">**Burning Mechanism:**</mark> When you decide to unstake your `$IBET` or any of its derivatives, a corresponding amount of Multiplier Points gets burnt. For instance, if you've staked 1000 `$IBET` and accumulated 500 Multiplier Points, unstaking 300 `$IBET` would result in the burning of 150 Multiplier Points.

> <mark style="color:purple;">This burn mechanism applies to both staked and unstaked Multiplier Points.</mark>

4. <mark style="color:purple;">**Transfer without Burn:**</mark> If you wish to transfer staked tokens without triggering the burn of Multiplier Points, utilize the Transfer feature on our platform.
5. <mark style="color:purple;">**Understanding the "Boost Percentage":**</mark> Displayed on the Earn page, this metric indicates the boost you receive from your Multiplier Points. Let's say the `ETH` APR stands at 10%, and you've staked $10,000 worth of `$IBET`. Your base reward would be $1000 on an annualized basis.&#x20;
   1. If your Multiplier Points equate to a 20% boost of your total staked amount, your "Boost Percentage" would read 20%, translating to an additional $200 in `ETH` rewards annually. The formula for this is: Boost Percentage = 100 \* (Staked Multiplier Points) / (Staked `$IBET` + Staked derivatives)
   2. For instance: 100 \* (4.5656) / (7.54 + 2.00) = 47.85%


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