Staking

Token Overview

stCOLEND is created when COLEND token is staked on the platform. It is an ERC-20 token used for voting on emission directions and earning rewards.

Key Features:

  • Voting Power: stCOLEND holders can vote on liquidity mining allocations.

  • Earnings: Holders earn interest from the market they vote for and receive bribes.

  • Interest Distribution: Interest is distributed proportionally to voters in each epoch.

Conversion Process:

  • Staking: COLEND can be staked to create stCOLEND at a 1:1 ratio instantly.

  • Redemption: When converting stCOLEND back to COLEND, a redemption period is selected. The conversion ratio improves over time, from 50% (after 15 days) to 100% (after 9 months).

  • Flexible Unstaking: During the unstaking period, stCOLEND can still be used for voting and earning, but only at 50% value. The process can be canceled at any time, returning the stCOLEND without converting it to COLEND.

Conversion Ratios:

Unstaking PeriodConversion Ratio

1 Month

52.9%

2 Months

58.8%

3 Months

64.7%

6 Months

82.4%

9 Months

100%

Equation for Conversion Ratio :

ConversionRatio=0.5+(270−15t−15​)×(1−0.5)Conversion Ratio=0.5+( 270−15 t−15 ​ )×(1−0.5)

Example : Alex decides to stake their 500 COLEND tokens on the platform. After participating in voting and earning rewards, Alex wishes to retrieve their tokens after a 6-month unlocking period.

According to the unlocking period table, the conversion ratio for a 6-month period (180 days) is 82.4%. Alex will retrieve 412 COLEND tokens in exchange for their 500 stCOLEND tokens.

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