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Single Staking
Single Staking allows you to earn NMSP passively via auto-compounding. By staking your NMSP, you lock NMSP and obtain sNMSP (staked NMSP) in exchange at a 1:1 ratio. After then, your sNMSP balance will compound automatically with each epoch (4 hours) based on the current APY. sNMSP can be moved across wallets, and users can unstake at any given time. When unstaking, sNMSP is burned, and an equal number of NMSP tokens are received. The user forfeits the upcoming rebase payment upon unstaking. Note that the forfeited reward only applies to the amount that wasn't staked. Any NMSP that was staked will still get rebase incentives.
The APY rate may vary between 15% to 25% adaptively depending on how many users use the Single Stake Pool as a means to ensure stability and suppress inflation.
Staking rewards may vary depending on the reward rate set by the Supply Control Policy and the number of stakers in the protocol.
Last modified 9mo ago