how staking would work
Staking isn't live yet: it comes to a vote in an upcoming dao proposal. If holders vote it through, the MOIN you keep in the vault would bring you a share of what the dao takes in, paid in USDC every week.
MOIN in the vault is what would be staked.
how it would work
commit your moin
You'd pick 30, 60 or 90 days for the MOIN you keep in the vault, and sign a free message on this page. It wouldn't be a transaction: your MOIN stays in your vault account.
the dao earns
Stakers would share 30% of what the dao actually receives: the drops redirected to it, plus the fees of its MOIN/USDC pool.
watch your share grow
This page would show your share growing day by day.
claim usdc every week
Your share would be paid in USDC every week, through a claim page on this site.
longer terms would count more
Your committed MOIN would count by its term: 30 days as ×1, 60 days as ×1.5, 90 days as ×2.
30 days count ×1, all of it paid every week.
60 days count ×1.5: ×1 paid every week, and +0.5 more when the term ends.
90 days count ×2: ×1 paid every week, and +1 more when the term ends.
The ×1 part would be paid every week. The extra that 60 or 90 days add would be paid when the term ends, and lost if you leave early. Your MOIN stays yours either way: you can take it back any time.
nothing is promised
There would be no fixed return and no APR. Payouts would follow what the dao actually earns, so they could be small, and they could stop.
when it would start
It would start only if holders vote it through, in its own dao proposal. The first payout would come after a month of the pool's income.
until then
MOIN in the vault is what would be staked, and holders decide in the dao.