SingularityDAO: Staking Updates

Greetings Singularitarians,

In line with our plans to generate a sustainable tokenomic for SDAO, we will be making some alterations to the current staking distribution.

While this will mean that unbonded staking base rewards will be going down across the board, we will also be providing a few short-term boosts to certain pools to celebrate the release of new DynaSets and our new UI.

Here are some updates regarding SDAO staking on ETH and BNB Chains.

1 — On ETH Chain

We will run a 3 week boost on unbonded staking, starting from the time of DynaSets contribution window.

2 — On BNB Chain

This week will see the opening of a new 90-day epoch bonded staking pool on BNB Chain.

There will be a minimum APR of 22.5%, with a maximum total pool size of 2,750,000 SDAO.

The contribution window will open July 14th and will close on July 31st.

3 — Auto-compounding

On BNB Chain we will also be launching a new auto-compounding Vault with our partner Autofarm Network farming SDAO-BUSD earning CAKE, from the Pancakeswap farm.

How does the vault work?
Liquidity providers of SDAO-BUSD in the CAKE farm of Pancakeswap will be able to put their LP tokens in an Autofarm vault, which will then swap the CAKE rewards for SDAO-BUSD and put that back into the pool, compounding reward generation.

This will increase the liquidity of those pools at the same time creating automatic buys of SDAO from the CAKE rewards sold.

Join our social channels to stay up to date on everything SingularityDAO.

Telegram Community
Discord
Twitter
YouTube
Announcements Channel
Facebook
Instagram
Medium
Reddit

And of course, Subscribe to our newsletter.