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ALTR Staking

How does staking work in Alternity?

To start staking all you need to do is deposit your ALTR token to the Alternity staking contract. Once done you will start earning a pro rata share of the borrowing and redemption fees in LCNY and ETH.

How much will my staked ALTR earn?

Your ALTR stake will earn a share of the fees equal to your share of the total ALTR staked, at the instant the fee occurred.

Is there a lock-up period?

No, you can withdraw your staked funds at any time.

Can I stake LCNY?

You can only stake ALTR tokens. LCNY can be deposited into the Stability Pool instead.

Are staked ALTR tokens used to backstop the system (like Maker) or for governance?

No, staked ALTR are not used to backstop the Alternity system and are not used for governance as there is no Alternity governance.