🟢Staking

How does staking in the SOF Dapp works?​

A SOF token holder connects their wallet to the SOF Dapp and deposit tokens within our smart contract SOFx. Immediately you receive the SOFx % representing your share of the staked assets. As rewards for staking are added each epoch, the staking rewards are divided according to the SOFx staking %.

How can I enter the amount of SOF to Stake?​

You can manually enter the amount of SOF you would like to stake in the field provided. Please note that you must have also enough HBAR in your wallet to pay for the transaction (typically ~1 HBAR). You can also use Max button to decide on the max. amount, these buttons subtract an expected staking fee in SOF from your current account balance and enter the remaining amount.

How is the SOFx output calculated?​

The SOFx output is calculated as the SOF amount entered in the input field divided by the total amount (TVL) of the staking pool.

What is the APY seen on the SOF Dapp?​

The APY shown on the SOF Dapp is the annualized rate of rewards added to the LR Pool per Epoch. In total, we have 12 Epochs each year.

The APY formula is

$${APY}={{(SOFLRemission\ rate)*(epochs\ in\ a\ year)}\over {Staked TVL}}$$

• Please note that the APY is dynamic and does not guarantee a rate of return for the full year. It is only a representation of the rewards added for an Epoch as an annualized rate.

• APY is based on annual earnings if a reinvestment is made daily. Provided APY calculations depend on current APR. Note that gas fees are not accounted for.

• Transactions are accurate to 7 decimals.

How much SOF will I get after staking?​

You will receive SOF rewards equal to the amount of your SOFx share divided by the total amount of added reward's of that Epoch.

Screenshot of staking