When do the staking rewards on woofi get paid? Been

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When do the staking rewards on woofi get paid? Been

staking 100 or so as a test for a couple of weeks but can't seem locate the yield

#cryptocurrency #english #woo

0

12.01.2022

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Ben Yorke @ WOO Yorke @ WOO Network

it shows on the WOOFi staking interface

0

12.01.2022

Ben Yorke @ WOO Yorke @ WOO Network

i think you are thinking about the architecture wrong. Everytime someone stakes WOO it mints xWOO. To redeem for WOO, you must destroy xWOO. The yield comes from three places: 1) the reward tokens WOO Network is incentivizing with, 2) 0.025% from every swap through the WOOFi pools, 3) people paying a 5% instant unstaking fee. The yield is constantly added to the WOO side of the xWOO contract, but no new xWOO is minted for it. That means everyone’s xWOO is increasing the number of WOO it can be redeemed for. That’s why its ‘interest-bearing’; not really staking like on the CeFi side.

0

12.01.2022

Ben Yorke @ WOO Yorke @ WOO Network

Ben Yorke @ WOO Yorke @ WOO Network
i think you are thinking about the architecture wr...

about APY

0

12.01.2022

Desmond 没事干的英雄 · Accepted Answer

Desmond 没事干的英雄

it's updated quite consistently. maybe 100 is too little to see any significant growth everyday. increase your stake and you should see it. It's not much but better than nothing. IMO

0

12.01.2022

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When do the staking rewards on woofi get paid? Been

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