💠Single Stake

Single Staking Mechanism on SwapBased

In order to use SwapBased's Staking mechanism users can use $xBASE, $ETH, $BLP and $oCOIN.

By staking the above assets users can earn $COIN, $oCOIN or $ETH ⬇️

Staking Mechanism

Staking is incentivized for reward tokens due to it's mechanism helping the protocol the most.

COIN Reward Vaults:

• oCOIN Vault

Staking oCOIN for COIN rewards incurs a 2% burn rate on deposit, so instead of having a fee and funds going to the treasury this also helps the token inflation by completely burning those 2%.

oCOIN Reward Vaults:

• xBASE Vault

• ETH Vault

• BLP Vault

Staking xBASE for oCOIN rewards incurs a 2% burn rate on deposit, so instead of having a fee and funds going to the treasury this also helps the token inflation by completely burning those 2%.

Staking ETH has a 5% deposit fee, this can be lowered when boosted emissions stop.

ETH Reward Vaults :

• BLP Vault: ( currently inactive due to perpetuals not generating volume & fees )

• xBASE Vault: 10% of the weekly fees generated by oCOIN holders exercising their option into COIN.