Staking
Staking is the primary value accrual strategy of BONK. Stakers stake their BONK on our platform to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of BONK 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 BONK translates into a constantly falling cost basis converging on zero.
When you stake, you lock BONK and receive an equal amount of sBONK. Your sBONK balance rebase up automatically at the end of every epoch. sBONK is transferable and therefore composable with other DeFi protocols.
When you un-stake, you burn sBONK and receive an equal amount of BONK. 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 BONK (if any) will continue to receive rebase rewards.
Last modified 10mo ago