Staking

Staking

RELEND (REL) holders can stake their assets in the Secure Vault to add more security to the protocol and earn rewards. In the case of a shortfall event, RENEC Foundation will borrow an amount from the vault to cover the loss, providing an additional layer of protection for the protocol.

Additionally, after staking REL, users can participate in the Governance module, where they can propose and vote for new protocol changes.

Unstaking

Before withdrawing their staked tokens, users must initiate a cooldown period. The duration will based on the amount of withdrawal RELEND:

• Less than 1,000,000 RELEND: 7 days (168 hours)

• Equal or More than 1,000,000 RELEND: 14 days (336 hours)

Please note that staking additional RELEND during the cooldown period will reset the withdrawal process. After the specified cooldown period has elapsed, users can claim their unstaked RELEND to their wallet.

Rewards

Participants earn rewards over time based on emission rates set by Governance. REL stakers will receive an amount of veREL tokens at 00:00 (UTC+0) daily, which represents their Secure Incentives. The amount of veREL will be determined based on Staking APY and Daily Reward pool.

The Daily Reward Pool is a dedicated REL pool designed to reward all REL stakers daily. The specific amount of REL distributed each day is determined by the RENEC Foundation.

The Staking APY for each user is calculated based on their proportional share of the total REL staked in the Secure Vault. To illustrate, if User A's staked REL constitutes 60% of the total staked REL, their Staking APY will be 60%. Consequently, they will be eligible to receive 60% of the daily reward.