Hello everyone
Today, we would like to introduce a new STRK staking to earn protocol revenue that is currently under development.
Currently, when users claim STRK tokens accrued by supplying/borrowing assets to the protocol, they are transferred directly to the user’s wallet, and most of them are selling tokens due to the lack of utility for a single STRK token.
We realized we needed additional utility for STRK holders in addition to Defi 3.0 vault.
The team is developing a new staking feature that distributes protocol revenue to token holders and incentivizes long-term STRK token holders.
when claiming STRK tokens, they are vested for 6 months and earned protocol revenue during vesting period.
Vested tokens can be claimed within 6 months, with a 50% penalty applied, and the penalty will be distributed to lock stakers.
Thus, we can incentivize long-term token holders without any additional STRK token inflation.
Detailed staking guide would be provided along with staking deployment.
6 months staking seems much longer than average, a shorter duration would be better for the protocol as people may be deterred to join. Possible 6-8weeks like radiant or uwulend