Staking Mechanism
Last updated
Last updated
Moving away from the rigidity of traditional staking modules, where a predetermined number of an ecosystem’s tokens are distributed within a fixed timeframe, our DAO staking mechanism adopts a more fluid approach enabling holders to stake their SUPER tokens to earn rewards generated by the decentralised network. The DAO staking mechanism is designed to operate asymptotically, meaning emissions steadily gravitate towards a state of equilibrium. In this state, ETH rewards are distributed on a block-by-block basis, maintaining a steady emission rate that encourages both long-term sustainability and fairness.
This design not only facilitates a balanced participation and distribution but also incorporates a flexible structure, allowing for periodic infusions of ETH into the contract. As the ecosystem evolves, this adaptable framework enables an extension of its lifespan.
Please note: To ensure the utmost integrity and smooth operation of the DAO Staking Mechanism from the outset, we wanted to note the following:
Initial Infusion: Adhering to best practices, we'll be introducing an initial infusion of 100 ETH into the staking contract. This strategy is devised to closely monitor and assure the smooth operation of the mechanism, providing an opportunity for fine-tuning should it be necessary to enhance performance and accuracy.
Subsequent Infusion: After an undisclosed period, the remaining ETH will be integrated into the contract.
OFAC Compliance: In order to adhere to international regulations, residents of the following regions or countries are not able to participate in or utilize the SuperVerse platform: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Central African Republic, China, Republic of the Congo, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Lebanon, Libya, Myanmar, Nicaragua, Russia, Serbia, Somalia, South Sudan, Syria, Uganda, United States, Venezuela, Yemen, Zimbabwe.
As the SuperVerse ecosystem matures the module will transition to an automated fund splitter mechanism in alignment with SVIP 3.
Below, you can find a comprehensive how-to guide for staking and unstaking SUPER tokens:
