Staking Mechanism

Staking $NABLA

Staked $NABLA ($sNABLA) allows users to submit proposals and vote on key decisions regarding the protocol’s strategic direction, main parameters, and reward distribution. It furthermore allows to profit from several reward mechanisms.

Boost and Voting Power

To incentivize loyal users, stakers accrue a boost over time, which increases their voting power. The longer they stake their $NABLA tokens, the higher that boost (linear, up to 2x after one year of staking). The voting power is calculated as the product of $sNABLA and the accrued boost.

Unstake & Cooldown Period

Token holders can choose to unstake at any time without a cost, but need to wait for a cooldown period of 2 weeks before the tokens can be withdrawn from the staking contract. If $NABLA tokens are unstaked, the accumulated boost for those tokens will be forfeited. Furthermore, the tokens don’t profit anymore from the utility of staked tokens during the cooldown period.