Staking and Locking
Fee Distribution
SNOWY holders can decide to stake (no lockup period) or lock (8 weeks Lockup period) their SNOWY
Once locked, the user cannot withdraw their SNOWY for 8 weeks. It is NOT possible to pay a penalty to withdraw locked SNOWY early.
There are 2 earning possibilities: 1 in AVAX and 1 in SNOWY token Only users who decide to LOCK their SNOWY will be able to earn AVAX and SNOWY tokens! Platform fees: Collected Mint (0.3%) and Redeem (0.5%) fees Penalty fees: 50% early withdrawal penalty fee for SNOWY/AVAX LP and the SNOWY/AVAX LP farming rewards
SNOWY locking
Locked SNOWY will continue to earn fees after the lock time expires if you do not withdraw
SNOWY staking (same as SNOWY in vesting)
Epochs
Vesting, Staking, Locking and Fee Distribution will be always in 7 day batches, also called epochs.
An example for Vested, Staked and Locked tokens: If the epoch goes from Monday till Sunday and you already have locked tokens on Tuesday and decide to lock another amount of token on Saturday they will be gathered under the same epoch.
You can easily track your different epochs on the UI under the Staking-tab.
Fee Rewards Distribution
All fee rewards will be evenly distributed within an epoch period (7 days) and can always be claimed without any penalty or vesting time.
An example for penalty fee distribution: All early claimed 50% penalty fees are being distributed for a 7 days period based on when they were claimed early. So If someone claims early 2 days later those fees will also be distributed over a 7 days period.
First fee rewards distribution starts approx. 1 week after launch.
Vested, staked, locked SNOWY do share the same Platform Fee pool without different weighting.
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