What is Staking

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