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Staking

veALMANAK staking aligns long-term incentives between the protocol and its users. By locking ALMANAK tokens, you receive staking power in the protocol, earn a share of protocol fees, and unlock higher-tier platform access. The longer and larger the lock, the greater the benefits.

Staking is a standalone feature that connects to the broader platform through plan tier unlocks.

veALMANAK Overview

How It Works

Lock your ALMANAK tokens for a chosen duration to receive veALMANAK. veALMANAK represents your staking power in the protocol. The relationship is straightforward: longer locks produce more veALMANAK per token locked. Staking power decays linearly as the unlock date approaches, reaching zero when the lock expires.

Lock Durations

Locks are measured in weekly epochs. The minimum lock period is 1 week, and durations snap to epoch boundaries. Available presets range from short-term (weeks) to multi-year commitments. Longer durations yield proportionally more veALMANAK and, by extension, more staking power and fee share.

Managing Your Position

Creating a Lock

To create a new lock:

  1. Connect your wallet.
  2. Choose the amount of ALMANAK to lock.
  3. Select a lock duration.
  4. Approve the token spend transaction.
  5. Confirm the lock transaction.

The process requires two on-chain transactions: an approval and the lock itself.

Increasing Amount

You can add more ALMANAK tokens to an existing lock without changing the unlock date. This increases your veALMANAK balance immediately based on the remaining lock duration.

Extending Lock

Push your unlock date further into the future to increase your staking power. Extending recalculates your veALMANAK balance based on the new, longer duration. You cannot shorten a lock.

Rewards and Benefits

Fee Distribution

Protocol fees are distributed to veALMANAK holders proportional to their staking power. The larger your veALMANAK balance relative to the total supply, the greater your share. Rewards accumulate and can be claimed from the staking dashboard.

Rewards Calculator

The built-in calculator estimates your expected rewards based on the amount locked and the duration selected. It factors in current total supply and fee distribution rates to project returns.

Plan Unlock

veALMANAK holders above a certain threshold qualify for the veALMANAK plan tier without purchasing a separate subscription. This tier provides expanded platform access equivalent to a paid plan. See Plans for tier details.

Contract Stats

The staking dashboard displays aggregate protocol statistics:

  • Total ALMANAK Locked: the total amount of tokens currently staked.
  • Total veALMANAK Supply: the aggregate staking power across all lockers.
  • Number of Lockers: how many addresses hold active locks.
  • Average Lock Duration: the mean lock period across all positions.