sSEN
Overview
Staked SEN (sSEN) is used to access fee-sharing and governance.
Protocol revenues (real yield) drive the increase in sSEN value.
How does sSEN work?
sSEN is obtained by staking SEN. Deposits have a lock period of 24 hours and no tax.
Staked SEN (sSEN) can be redeemed for an increasing amount of SEN tokens.
Protocol revenues, which are automatically converted into SEN and sent to the staking contract, that allows redemptions, dictate the growth rate. The conversion also generates an additional form of SEN buying pressure.
The redemption ratio is the amount of SEN redeemed from 1 sSEN. The redemption ratio starts at "1.00". The current growth rate is displayed as Staking APR.
sSEN is intended to continuously compound and can be redeemed for the corresponding SEN amount at any moment with no penalties.
What is the utility of sSEN?
sSEN holders access the protocol's fee-sharing (real yield). The sSEN redemption ratio directly increases as a result of the revenue redistribution, with further claims being available to the user.
Join the Senate and vote on new collateral whitelisting, Apricus Chambers replenishment, and protocol parameter changes.
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