Staking

Earn more Cooky

What is Staking?

Staking is the primary value accrual strategy of Cooky Finance. Stakers stake their CKY tokens on our website to earn rebase rewards. The rebase rewards come from the proceed from minter sales, and can vary based on the number of CKY 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 CKY translates into a constantly falling cost basis converging on zero. This means even if the market price of CKY drops below your initial purchase price, given a long enough staking period, the increase in your staked CKY balance should eventually outpace the fall in price.

When you stake, you lock CKY and receive an equal amount of sCKY. Your sCKY balance rebases up automatically at the end of every epoch. sCKY is transferable and therefore composable with other DeFi protocols. When you unstake, you burn sCKY and receive an equal amount of CKY tokens. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked CKY (if any) will continue to receive rebase rewards.