FAQ

How does the staking process work?

Users can lock their SDAO tokens in a pool for a period between 30 and 360 days. For example, locking 1000 SDAO for 360 days will yield 360,000 SREP. Users retain their SREP unless they withdraw their SDAO before the lock period ends, which incurs a capital slash.

What is a capital slash, and how is it calculated?

A capital slash is a penalty for withdrawing SDAO tokens before the lock period ends. It is calculated as: Capital Slash = 0.05% × Days Left For example, if a user withdraws with 300 days remaining, they pay a 15% fee.

What rewards do users receive for staking SDAO?

Users receive two types of rewards: 1. SREP score, which would highlight their participation in the DAO – granting them various rewards and benefits. Initially the SREP would be used to decide their tier level for the launchpad. 2. SDAO tokens, proportional to their SREP score relative to the total pool's SREP.

How is the amount of SDAO rewards determined?

The amount of SDAO rewards a user receives is proportional to their SREP score compared to the total SREP in the pool. For example, if a user has 1 million SREP in a pool with 100 million total SREP, they receive 1% of all rewards.

Can users extend their staking period or add more tokens?

Yes, users can extend their staking period or add more tokens. Extending the period increases their SREP, and the new lock date must be later than the current one. Adding more tokens resets the lock period and increases both SREP and APR.

What happens if a user withdraws their tokens early?

Withdrawing early reduces the SREP score and can lead to a downgrade in tier level. The SDAO tokens withdrawn are subject to a capital slash based on the remaining lock period.

What actions can users perform in the staking interface?

Extend: Increase the lock period of their SDAO tokens. Deposit: Add more SDAO tokens and/or extend the lock period. Withdraw: Withdraw some or all staked SDAO tokens, incurring a capital slash if done early. Harvest: Claim pending SDAO rewards.

Are there different pools for different networks?

Yes, there will be staking contracts on both the Ethereum (ETH) and Binance Smart Chain (BSC) networks. Each pool may have different maximum APR%.