BondToEarn BTE

What is Staking

Staking is the primary value accrual strategy of BondToEarn. Stakers stake their BTE tokens on BondToEarn to earn rebase rewards. The rebase rewards come from the proceed from bonding, and can vary based on the number of BTE staked in the protocol and the reward rate set by monetary policy.
Staking is a passive, long-term strategy. The increase in your stake of BTE translates into a constantly falling cost basis converging on zero. This means even if the market price of BTE drops below your initial purchase price, given a long enough staking period, the increase in your staked BTE balance should eventually outpace the fall in price.
When you stake, you lock BTE and receive an equal amount of sBTE. Your sBTE balance rebases up automatically at the end of every epoch. sBTE is transferable and therefore composable with other DeFi protocols.
When you un-stake, you burn sBTE and receive an equal amount of BTE tokens. Un-staking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the un-staked amount; the remaining staked BTE (if any) will continue to receive rebase rewards.
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