🚀Staking and Locking

What is staking?

Sonic stakers receive 50% of protocol revenue. You can exit staking when the time lock has been done. If you unstake before the time, the withdrawal can be withdrawn with a penalty base on the time you deposit.

What is locking?

Just like staking, locking means you receive a share of protocol fees. Because you are committed to the SNC protocol by being locked for one month, three months, or six months you will also receive penalty fees from those exiting their vests early. You shouldn't exit a lock early.

How does it work?

For borrowers and lenders:

• SNC rewards are vested for one month, three months, or six months, but can be claimed early at a some % penalty.

• Exiting a vest early always incurs a 50% penalty no matter how early or late you choose to exit.

• The 50% penalty paid is distributed continuously to SNC lockers.

For lockers:

• The lock date are grouped by the week. Any lock between Thursday 00:00 UTC to Wednesday 23:59 UTC are grouped in the same week group, and will release at the same time three (3) months later.

• The locked SNC is subject to a mandatory three (3) months lock, and cannot be unlocked early.

• SNC reward from locking SNC can be claimed anytime with no penalty. You will keep the APR for locking SNC after the three (3) months lock until you claim the newly unlocked SNC.