đĒGeneral information
Basics
$STB & veSTB token utilities
$STB is our primary utility token. For locking $STB tokens within our staking pool, users receive veSTB (ve = vested escrow) tokens, which enable multipliers, governance functions, and discounts. The veSTB tokens are non-transferable.
Staking rewards: 14% of all protocol-generated fees will be distributed towards the $STB staking pool, veSTB holders can receive an APY multiplier of up to 4.32x.
Trading discounts for veSTB holders, see below for more details.
Governance: The stabble DAO will be governed by veSTB holders.
Trading discounts for veSTB holders
How to get veSTB tokens
Users can lock their $STB tokens for 1 between 30 months within our staking smart contract and will receive veSTB tokens in return.
The veSTB multiplier
The formula for the veSTB multiplier is the following:
multiplier = 1.05ËŖ, whereas x is the number of locked months.
Through implementing these veSTB tokenomics, we incentivize users to lock their tokens and keep them out of the available supply and reduce the sell-pressure on a long-term basis. On top of that, we are protecting our governance mechanisms as we require our users to lock their tokens for a minimum of one month before participating.
Token sale roadmap
If you want to participate in our private sale, please reach out to us: gm@stabble.org
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