Technical Architecture of Staking
Last updated
Last updated
Staking of $FAF follows an epoch system to distribute rewards rather than being perpetual. The length of each epoch is of 30 days. Users can stake anytime within the 30 days time frame of an epoch however their rewards will be time weighted to remain fair for all.
At the end of each epoch the rewards are calculated based of your time weighted stake of $FAF and any other bonus multiplier depending on your VP. (You can read more about it in the Reward Multiplier section)
Unstaking of $FAF can be done via 2 methods
Request
You can request $FAF to be unstaked anytime and it will be available to withdraw in 30 days from the time of request. Once request initiated the amount of $FAF will be excluded from your VIP Level calculation going forward as well as calculation toward your staked weight rewards. The previously earned rewards upto the time of unstake in the epoch remains and can be claimed at epoch end. This method of unstaking has 0 fees on it.
Here you can immediately unstake your $FAF and receive it in your wallet. There is no waiting for the epoch to be over. Once unstaked the amount of $FAF will be excluded from your VIP Level calculation going forward as well as calculation toward your staked weight rewards. The previously earned rewards upto the time of unstake in the epoch are forfeited and can’t be claimed at the end of the epoch. This method unstaking has a 3% fee penalty on it.
