$OPEN Staking

Staking and Unstaking

The concept behind $OPEN staking is fairly straightforward. Staking serves as the primary revenue source for users participating in OpenFi, rewarding both OpenFi consensus holders and $OPEN holders. Holding $OPEN for a prolonged period is the best approach for participants, as the protocol automatically distributes and compounds interest.

To stake $OPEN, participants can send their tokens to the staking contract and receive $sOPEN at a 1:1 ratio by selecting "$OPEN staking" on the official website.

$sOPEN serves as a credential for staking participation and has no additional purpose aside from holding. When a user releases their stake, they can send $sOPEN to the staking contract and receive $OPEN at a 1:1 ratio.

Staking return

The default rate of return is adjusted based on the inflation rate.

• Currently, the default rate of return is set at 0.1% per rebase epoch, which translates to an annualized rate of return of 299%.

• The intermediate rate of return is twice the default rate, at 0.15% per rebase epoch or an annualized rate of return of 561%.

• The high rate of return is three times the intermediate rate, set at 0.3% per rebase epoch, or an annualized rate of return of 2658%.

During a bear market cycle, if the discount on bonds fails to attract enough users and the amount of $OPEN minted in the treasury falls below a certain threshold, the interest rates for all three tiers will be adjusted downward.