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Stake
Stake your CHARM to get sCHARM using the magic UI on Spartacadabra. The staking has a 24hrs timelock (available to withdraw after 24hrs)
This is similar to how Sushi Bar works. sCHARM holders receive:
1. Interest and borrow fee of the collateral will be used to purchase CHARM tokens on the open market, and the bought CHARM tokens will be accumulated in the CHARM fee pool.
2. 10% of the liquidation fee will also be accumulated in the CHARM fee pool.
3. All CHARM tokens accumulated in the CHARM fee pool will be distributed to sCHARM holders;
4. sCHARM holders also vote on Spartacadabra governance.
Last modified 2yr ago