cunoro
Search…
⌃K

Staking

What is Staking

Staking is the primary value accrual strategy of cunoro. Stakers stake their NORO tokens on the cunoro website to earn harvest rewards. The harvest rewards come from the proceed from mint sales and can vary based on the number of NORO tokens 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 NORO translates into a constantly falling cost basis converging on zero. This means even if the market price of NORO drops below your initial purchase price, given a long enough staking period, the increase in your staked NORO balance should eventually outpace the fall in price.
When you stake, you lock NORO and receive an equal amount of sNORO. Your sNORO balance harvests up automatically at the end of every epoch. sNORO is transferable and therefore composable with other DeFi protocols.
When you unstake, you burn sNORO and receive an equal amount of NORO. Unstaking means the user will forfeit the upcoming harvest reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked NORO (if any) will continue to receive harvest rewards.