Staking

All you have to do is hold.

Staking is the primary value accrual strategy of Sky Dao Finance.

Stakers vest their SKYDF on the Sky DAO Finance website to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of SKYDF staked in the protocol and the reward rate set by monetary policy.

Staking is a passive, long-term strategy.

The increase in your stake of SKYDF translates into a constantly falling cost basis converging on zero. If the market price of SKYDF drops below your initial purchase price, the increase in your staked SKYDF balance should eventually outpace the fall in price, given a long enough staking period.

When you stake, you lock SKYDF and receive an equal amount of sSKYDF .

Your sSKYDF balance rebases up automatically at the end of every epoch. sSKYDF is transferable--and therefore composable--with other DeFi protocols.

When you unstake, you burn sSKYDF and receive an equal amount of SKYDF.

Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked SKYDF(if any) will continue to receive rebase rewards.