HIVE: Daily Participation & HONEY Generation

Hive is the core participation mechanism where users contribute PLS tokens daily to earn HONEY rewards.

Key Mechanics:

1. Daily Cycle

○ Hive operates on a 24-hour cycle.

○ Each cycle resets automatically every day.

2. User Participation

○ Users participate by depositing PLS and selecting the number of Flowers and

Bees, which determine their allocation share.

○ Participation is open to all, encouraging daily engagement and decentralised contribution.

3. Reward Claiming

○ At the end of each cycle, users can claim their HONEY tokens based on their

share of contributions.

4. Post-Claim Options

○ Claimed HONEY can be:

■ Sold or traded on Decentralised Exchanges (DEX), or

■ Staked in the BeeKeeper contract to earn longer-term protocol rewards.

5. PLS Distribution to Ecosystem Contracts

○ All PLS deposited in Hive is allocated to various contracts.

○ Distribution must be manually triggered via a public function on the Nectar

Burn page.

○ The caller is rewarded with a portion of the ecosystem's reward pool,

incentivising community participation.