Starting March 20th, anyone will be able to deposit their SLICE and SLICE-LP tokens to claim staking rewards. The first epoch will begin on March 20, 2021 2:00:10 PM (UTC+04:00) and reward distribution will happen on a weekly epoch basis. For each asset, there will be a unique staking pool with varying rewards (Variable APY). The return on staked tokens will be dependent on:
1- The amount of individual staked tokens
2- The amount of total staked tokens in the pool
3- The time that tokens remain locked in the pool
To participate, you would simply need to deposit your tokens in on Tranche App, and claim your rewards whenever the epoch is complete. You may opt to keep your tokens locked to accrue all future rewards.
Why we stake $SLICE
Tranche is a decentralized protocol for managing risk that allows you to invest in leading DeFi protocols at your preferred risk level. For any yield-generating asset in the DeFi realm, Tranche could deploy two assets: Tranche A, fixed-rate tokens, and Tranche B variable-rate tokens.
In edge cases such as DeFi interest rates going below the lowest weighted average of the interest paying module of the Tranche protocol getting depleted, the protocol will revert to the backstop module. The backstop module will cover any missing funds to be paid until the rate is adjusted through a major TRIP.
Different Ways of Staking $SLICE
After the migration from $JNT to $SLICE, our core community members have been excited about participating in $SLICE staking, governance, and experimenting with the protocol. Staking is directed towards community building and is focused on getting more liquidity onto the Uniswap pool, and locking up liquidity for the backstop module.
As discussed in the Slice Paper, the Tranche ecosystem initially introduces two staking channels for existing $SLICE holders:
1. SLICE/ETH and SLICE/DAI on Uniswap
By providing SLICE/ETH and SLICE/DAI on Uniswap, you provide liquidity for the respective trading pairs, allowing existing additional participants to smoothly interact with the ecosystem.
2. SLICE-LP and SLICE on the Tranche.Finance
By providing SLICE-LP or SLICE tokens directly to the protocol, you are contributing directly to the safety and the sustainability of the protocol. The backstop module provides Tranche with a safety net to deliver on the promise of fixed rates in the edge cases of sharply dropping interest rates.
SLICE-LP pools allow you to deposit tokens that you can mint by providing liquidity to the Uniswap SLICE-DAI pair. To learn how to provide liquidity and get SLICE-DAI-LP tokens, check out the article on Providing SLICE Liquidity on Uniswap.
The SLICE pool allows you to simply stake your SLICE token and get rewarded for providing liquidity to the backstop module.
Staking on Tranche is simple, just follow the steps below:
You need to have a MetaMask wallet to interact with this contract.
1- Go to https://tranche.finance/stake
2- Connect your Ethereum wallet
You can deposit SLICE or any of the SLICE-LP tokens through the app.
3- Press on the “+” sign on the Staked Token card
4- Press on the “Approve” button on the pop up that appears
5- Enter the amount that you would like to deposit, and then press “Stake”
After each epoch end, you will be allocated a reward for staking SLICE during that epoch. You can either claim your reward every week, or save on gas fees and do it once you are ready to withdraw.
6- Go to the SLICE Rewards Accrued card and press “Claim”
7- Select the pool you would like to claim the rewards to and click “Claim”
You can withdraw your funds at any given point. To do so:
8- Press on the “-” sign on the Staked Token card
9- Enter the amount that you would like to withdraw, and then press “Stake”