Staking (Earn $SOL)
You receive SOL rewards whenever a "payout cycle" is triggered, based on your percentage of the total share pool.
When you stake your SOLAX, you receive shares according to the current Share Rate.
The Share Rate increases daily. For more details, refer to "The Daily Update."
Minimum Stake Length: 28 days
Maximum Stake Length: 3500 days
Share Bonuses Cap: Day 2888 (see "Shares" section below)
The rolling payout cycles occur:
Every 8 Days: Day 8, 16, 24, etc.
Every 28 Days: Day 28, 56, 84, etc.
Every 90 Days: Day 90, 180, 270, etc.
Every 369 Days: Day 369, 738, 1107, etc.
Every 888 Days: Day 888, 1776, 2664, etc.
The SOL is distributed as follows:
28% is added to the 8-day rolling payout
28% is added to the 28-day rolling payout
18% is added to the 90-day rolling payout
18% is added to the 369-day rolling payout
8% is added to the 888-day rolling payout
These payout cycles will continue indefinitely as long as users participate in the protocol and 28% of the SOL flows into the payout cycles for SOLAX stakers.
This means that sometimes, two payout cycles may trigger on the same day.
Shares
When you stake SOLAX, you receive shares. The number of shares you get depends on the current Share Rate and the following bonuses:
LongerPaysMore Bonus: The longer you stake, the more shares you receive, up to a +350% bonus at day 2888. After day 2888, the bonus caps at +350%, but you can stake up to 3500 days to maximize yield, as shares become more expensive and harder to obtain over time.
BiggerPaysMore Bonus: The more SOLAX you stake in a single transaction, the more shares you receive, up to an additional 8% bonus on your shares, capped at 100B SOLAX.
The number of shares you hold relative to others determines your percentage of the SOL payouts. For instance, if you hold 1% of all shares, you receive 1% of the total payouts triggered during your staking period.
Penalties
When you start your stake, you choose an end date. Make sure to end your stake on that date.
If you cannot end your stake on the specified day, you have a 7-day grace period during which no penalties will apply.
Stakes must reach at least 50% maturity before they can be ended.
If the stake ends after 50% maturity:
Lose: 50% of the SOLAX staked, which is sent to a burn address (effectively destroyed).
Receive: 50% of the SOLAX staked back.
If you do not end your stake within 1 week (grace period) after the end date:
Lose: 1% of SOLAX per day until 99% is lost after 100 days (calculated at the end of the stake).
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