Staking V2
Why Staking?
Earn weekly EXTRA rewards (✨ including random rewards from partners)
Participate in protocol governance (proposal and voting)
Unlock farming utilities: higher leverage factor & more (from 4,000 veEXTRA)
| Utility & Governance | Minimum veEXTRA Required |
|---|---|
Higher Leverage for Yield Farming Pools | 10,000 veEXTRA |
Premium Borrow for High Utilization Lending Pools | 10,000 veEXTRA |
One-click Rebalance Feature | 4,000 veEXTRA |
Propose a Governance Proposal | 30,000 veEXTRA |
Voting Power in Governance | 1 veEXTRA |
benefits in plan ⬇️
Unlock advanced farming tools
Utilities in v2 products
Staking Explanation
Epoch
Epoch is the minimal lock-up unit to lock
$EXTRAtokens to veEXTRA. On Extra Finance, one epoch is 7 days.The start time of each epoch is UTC 00:00 every Thursday and ends at UTC 00:00 next Thursday.
A unlock date can only be the end time of each epoch.
Staking Reward Allocation
Reward source:
Staking rewards are sourced from both
$EXTRAtoken emissions AND part of protocol fees accumulated in the last (i.e. n-1) epoch.For the
$EXTRAtoken emissions part, 30% of the fee buyback will be matched. This will be reviewed on a quarterly basis in the future. Governance will determine whether adjustments are necessary.Additionally, 40% of the borrowing fee will be converted to
$EXTRAand distributed as staking rewards each epoch. Please note that the community fund will NOT additionally match 30% of the borrowing fees buyback portion.All rewards will be swapped and collected as
$EXTRAtokens for distribution for each epoch.
Reward allocations are based on your veEXTRA balance snapshotted at the beginning of an epoch and will be allocated proportionally.
The rewards accumulated during an epoch can be claimed after the end of that epoch.
(Notice: If you deposit in the middle of an epoch, there won't be rewards for that epoch. You will be eligible to gain staking rewards after the next epoch ends. That is to say, a full epoch is required to claim rewards.)
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