Staking/Locking/Vesting

What is staking?

Staking in the ERIS protocol involves participants receiving 50% of the protocol's revenue. You have the flexibility to withdraw from staking at any time without incurring a penalty.

What is Locking?

Similar to staking, locking entails receiving a portion of protocol fees. By committing to the Eris protocol through a three-month lock, participants also receive penalty fees from those prematurely exiting their vests. Once locked, you cannot terminate the lock before the designated period ends.

What is Vesting?

Borrowers and lenders receive Eris rewards trough the liquidity mining. Rewards are vested for two months. You can immediately receive your rewards by taking a 50% exit penalty if you do not wish to wait. During vesting, you can receive protocol fees, the same way you would if you staked ERIS.

How does it work?

For Borrowers and Lenders:

ERIS rewards are subject to a two-month vesting period but can be claimed early with a 50% penalty. Regardless of the timing of your exit, terminating a vest prematurely incurs a 50% penalty. The penalty paid is continuously distributed to ERIS lockers.

For Lockers:

Lock dates are organized weekly, with locks made between Thursday 00:00 UTC and Wednesday 23:59 UTC grouped together. These locks release simultaneously three months later. Locked ERIS tokens must remain locked for a mandatory two-month period and cannot be unlocked prematurely. ERIS rewards obtained from locking ERIS can be claimed at any time without penalties. You will keep the APR for locking ERIS after the two months lock until you claim the newly unlocked ERIS.