🥩Stake Your OS
You can stake your $OS tokens to earn yield on the Songbird Network.
Last updated
You can stake your $OS tokens to earn yield on the Songbird Network.
Last updated
Good to know: The yield you earn is highly dependent on the volume and user activity on OracleSwap!
xOS is an IOU that holds your place when you stake your OS. The Longer you hold xOS the more likely you will be able to cash out more OS for each xOS you have. OLP SwapFees will be converted to OS with the OsDistributor, 70-80% of the OS is distributed to Stakers/xOS holders, 10-20% of OS is burnt. For example: you deposit 1 OS which equals 1 xOS. In 1 months time you will be able to redeem 1.01 OS per each xOS. If you ever want to get back into the pool it will cost more OS . You would have to deposit 1.01 OS to get 1 xOS and re enter the pool. You will always get back the same amount of OS you put in and more, depending on the rate that Swapfees are sent to the OS Foundry contract. If the xOO pool is very diluted the rewards decrease. If the APY is blank it is likely because it is still in decimals because the rewards are small and diluted. Essentially the OS Foundry system will start as 1 xOS = 1 OS . Over time as OS is sent to the OSFoundry staking contract it will distribute it among stakers. 1 xOS will start to equal more than 1 OS over time. xOS is created and burnt based off of the OS that is staked and unstaked. xOS can be double staked in the farm with zero impermanent loss risk.