DefiCoin Syrup Pool FAQ

FAQ

What lock duration can we choose?

You can choose from 1-52 weeks. What do you prefer?

What variables affect the new DEFC Syrup Pool APYs (Flexible and Fixed-Term Staking options)?

Since flexible staking and fixed-term staking options are part of the same pool, the following variables affect the APY of both:

• Total DEFC staked in flexible staking and fixed-term staking (the sum of both). The more DEFC staked, the lower the APY.

• Total locked DEFC in fixed-term staking. The more DEFC locked means more yield boosts, resulting in fewer DEFC rewards for others (especially flexible staking).

• The average lock duration of all DEFC locked in fixed-term staking. If the average lock duration increases, APY will decrease.

Can I harvest the rewards during the locked period?

No. You can harvest the rewards only when the locked duration is ended. This is based on the yield/return we are providing as well as the technical implementations.

Can I extend the lock duration?

Yes. Extending the lock duration adds more time to your initial lock duration. When choosing to extend your lock duration, note:

New extended lock duration = initial lock duration + added duration

Can I remove my DEFC from Fixed-Term staking via contract if I change my mind?

No. Your DEFC cannot be removed or withdrawn from fixed-term staking at any point in time until your lock duration ends and your DEFC is unlocked.

What is the "DEFC Locked" amount?

The " DEFC Locked" amount is a user's initial locked DEFC balance plus DEFC rewards to date. DEFC Locked = Initial locked DEFC balance + DEFC rewards.

When adding more DEFC to fixed-term staking, the " DEFC to be locked" amount is the user's initial locked DEFC balance, DEFC rewards to date, and the DEFC being added.

Can the Fixed-Term Staking DEFC pool APY change after I lock my DEFC?

Yes, the fixed-term staking DEFC pool APY is variable, just like the old DEFC pools. The fixed-term staking DEFC pool APY is not fixed and is dependent on:

• Total DEFC staked in the DEFC pool (the sum of both Flexible + Fixed-Term Staking).

• The average lock duration of all DEFC locked in fixed-term staking.

• A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you lock your DEFC, the higher the yield boost.

For example, if you lock your DEFC for 52 weeks, your yield boost will be larger than if you lock your DEFC for 26 weeks. The yield boost increases linearly the longer you lock your DEFC.

Can I still participate in IFOs if my DEFC is locked in the Fixed-Term Staking pool, or will I need to buy more DEFC?

TBD, more information will be provided soon.

Can I vote if my DEFC is locked in the Fixed-Term Staking pool?

TBD, more information will be provided soon.

Can I use both the Flexible Staking DEFC pool and the Fixed-Term Staking DEFC pool at the same time?

No. As mentioned above in the "What’s the difference" section, both options are part of the same, single pool. You currently can never have DEFC in both fixed-term and flexible staking.

We have multiple solutions coming in the future to allow users to use both flexible staking and fixed-term staking at the same time, but for now, you can choose only one of them.

Is there a fee for converting Flexible Staked DEFC to Fixed-Term Staked DEFC?

No. There are no additional fees for moving DEFC from flexible staking to fixed-term staking, only network fees.

What happens at the end of the lock duration? What is "After Burning"?

When your fixed-term staking period ends, and your DEFC unlocks, you have 7 days to complete one of two options:

• Lock your DEFC to begin a new fixed-term staking period or

• Convert your staked DEFC to flexible staking (no 72-hour withdrawal fee).

During these 7 days, you will still earn DEFC at the same APY as your lock period.

After 7 days, if you have not done one of the two options, your staked DEFC will enter what is called "After Burning". In "After Burning", you will still earn DEFC, but a portion of your rewards will be sent to burn at a linearly decreasing APR over 90 days, where your APR will be 0% after 90 days.

The “After Burning” state will last for 90 days until all the DEFC rewards are burnt. So, to avoid missing out on DEFC rewards, we recommend starting a new fixed-term staking period or converting your DEFC to flexible staking at the end of your lock staking period.