Mechanics

Staking and yield

Stake ROTEO for sROTEO and receive new ROTEO every 8 hours, paid only from reserves above 1 USDG per token.

Staking

Stake ROTEO and receive sROTEO one for one. There is no lock-up: unstake sROTEO back into ROTEO one for one, at any time.

Rewards

Every 8 hours, three times a day, the protocol mints new ROTEO and shares it across all sROTEO, so every balance grows by the same percentage. Each epoch mints the smaller of two amounts: 0.14% of ROTEO supply, or 0.25% of the Hard Reserve cushion, the reserves above 1 USDG per token.

Your rate per sROTEO is that amount divided by the staked supply, so it is higher when fewer holders stake. When Hard NAV is at 1 USDG per token there is no cushion and no reward. The market price never enters the calculation.

Wrapping

Wrapping sROTEO gives wsROTEO. The wsROTEO balance stays fixed while each unit grows in value through the sROTEO-per-wsROTEO index, which suits anything that needs a fixed balance, such as the Discount Locker.

Not APY. The reward rate is paid in ROTEO every 8-hour epoch and changes as reserves, supply and staking participation change. It is not an APY and not a guaranteed return.