Staking
Understand the staking mechanism of the Shroomy Protocol
The Shroomy Project staking mechanism is a core component of the protocol’s economic model, designed to incentivize token holders who actively participate in securing and governing the ecosystem. By staking $SHROOMY tokens (the native token of Shroomy Project), participants receive protocol-derived incentives and gain governance rights proportional to their stake.
Key Benefits
- Protocol Incentives: Earn protocol-derived incentives proportional to your staked amount
- Native Asset Rewards: Receive rewards in the same assets distributed by the protocol
- Protocol Governance: Participate in governance decisions that shape the future of Shroomy Project
- Economic Alignment: Align your interests with the long-term success of the protocol
Staking Mechanism
How Staking Works
- Supply: Users supply $SHROOMY tokens into the staking contract
- Lock Period Selection: Users must choose one of the available lock durations: 7, 30, 60, or 90 days
- Incentive Accrual: Stakers earn their proportional share of the 50% of protocol fees allocated to the staking contract
- Epoch-Based Distribution: Incentives are calculated and distributed in 24-hour epochs
- Claiming: Accrued incentives can be claimed at any time, independent of the lock period
Native Asset Distribution
A unique feature of Shroomy Project staking is that rewards maintain their original form:
- Rewards are distributed in the same assets in which they were generated
- If the protocol earns
WETH
, stakers receiveWETH
- If the protocol earns
kBTC
, stakers receivekBTC
- This applies to all supported assets within the ecosystem
This approach provides stakers with a diverse basket of digital assets rather than a single token, creating natural portfolio diversification.
Staking Parameters
Lock Periods
Shroomy Project offers four fixed staking lock periods:
- 7 days: Short-term staking option
- 30 days: Medium-term staking option
- 60 days: Extended staking option
- 90 days: Long-term staking option
Each lock period represents a commitment to keep your tokens staked for the specified duration. During this period, tokens cannot be withdrawn, but continue to earn incentives.
Epoch Structure
- Epoch Duration: 24 hours
- Distribution Calculation: Protocol fee distribution calculations occur at the end of each epoch
- Incentive Accrual: Incentives earned during an epoch become claimable immediately after epoch completion
- Daily Claiming: Users can claim accrued incentives after each epoch
Claiming Incentives
Daily Claiming
- Daily Availability: New incentives become available for claiming after each 24-hour epoch
- Claim Frequency: Users can claim their accrued incentives daily as soon as an epoch completes
- No Lock-up: Claimed incentives are transferred immediately to the user’s wallet
- Flexibility: While daily claiming is available, users can choose to claim less frequently if desired
Staking Tiers
Tier | Lock Period | Multiplier |
---|---|---|
1 | 7 days | 1x |
2 | 30 days | 2x |
3 | 60 days | 3.5x |
4 | 90 days | 6x |
How It Works
- Lock your $SHROOMY tokens in one of the tiers.
- The longer the lock period, the higher the multiplier applied to your rewards.
- Choose a tier that matches your commitment level to maximize your rewards.