New DEFC Syrup Pool

Stake DEFC, earn DEFC!

DefiSwap now offers one DEFC Syrup Pool with two staking options: flexible staking or fixed-term staking.

What’s the difference between “Flexible” and “Fixed-Term” staking?

With both, you can simply stake your DEFC tokens to earn more DEFC tokens with no deposit fees—both staking options auto-compound DEFC rewards for you. Flexible staking allows users to stake DEFC and earn rewards with the ability to unstake whenever they please.

Fixed-term staking allows users to maximise their yield and earn even more DEFC by locking their staked DEFC for a period of time they choose, earning a linearly boosted APY compared to flexible staking.

Flexible staking and fixed-term staking are both part of the same pool to allow users easy migration between the two staking options. Because of this, you can only choose one staking option at a time. More details about the differences are below.

Flexible Staking

Stake your DEFC and forget about it! The DEFC you stake in this Syrup Pool will be automatically compounded (reinvested) for you, minus a small fee (same as the old Auto DEFC Syrup Pool).

If you have DEFC staked in flexible staking

• ✅ Add more DEFC to flexible staking

• ✅ Harvest rewards any time

• ✅ Withdraw any time (fees apply for the first 72 hours, see below)

• ✅ Convert all staked DEFC in flexible to fixed-term staking

• ❌ Add DEFC to fixed-term staking if you have any DEFC in flexible staking

• ❌ Convert part of the staked DEFC in flexible to fixed-term staking

Unstaking fee

• 0.1%
 if you unstake (withdraw) within 72 hours.

• Only applies within 3 days of manually staking.

• After 3 days, you can unstake with no fee.

• The 3-day timer resets every time you manually stake more DEFC in the pool.

• This fee only applies to manual unstaking: it does not apply to automatic compounding.

Performance fee

• 2%, subtracted automatically from each yield harvest.

• For example, if the harvest were 1 DEFC, then 0.02 DEFC would be subtracted as the performance fee.

The DEFC collected via the unstaking fee and performance fee is burned every week as part of the regular DEFC token burns.

This is a good thing for DEFC holders because it reduces the overall amount of DEFC tokens in existence, which helps reduce inflation.

Fixed-Term Staking

Stake your DEFC for a fixed amount of time to maximise yields and receive additional benefits! The staked DEFC will be automatically compounded during the entire lock duration.

• No performance fees

• The longer you lock, the higher the boost applied to the yield! Always offering a higher APY compared to flexible staking!

• DEFC rewards are auto-compounded and will unlock, along with your staked DEFC, when your lock duration expires

• Once staked in fixed-term staking, you cannot withdraw until the end of your lock duration.

• IFO DEFC credit (the maximum amount of DEFC they can commit during an IFO) will be determined from the fixed-term staking pool

If you have DEFC locked in fixed-term staking

• ✅ Add more DEFC to lock

• ✅ Extend lock period

• ❌ Add DEFC to flexible staking

• ❌ Harvest rewards

• ❌ Withdraw before locked term ends