Staking

What is Staking

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

When you stake, you lock Moob and receive an equal amount of sMoob . Your sMoob balance rebases up automatically at the end of every epoch. sMoob is transferable and therefore composable with other DeFi protocols.

When you unstake, you burn sMoob and receive an equal amount of Moob . 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 Moob (if any) will continue to receive rebase rewards.