sSPELL

sSPELL - Staked SPELL tokens

After navigating to the SPELL Staking page (Stake → SPELL), you will see the option to select sSPELL at the top.

Keep in mind that while mSPELL is available on multiple chains, staking SPELL for sSPELL is only possible on the Ethereum Mainnet.

Stake & Unstake:

Users can choose to either Stake or Unstake, as shown above. Clicking either button will open a popup window, allowing them to either add SPELL tokens to their position or withdraw them.

Please note that all sSPELL tokens are subject to a 24-hour lock-up period. This means that whenever a user deposits SPELL tokens, they will not be able to unstake them for the next 24 hours.

Ratio Frame:

In the top right corner of the screen, users can view the sSPELL-SPELL ratio. As more fees accumulate, the value of 1 sSPELL will increase, representing a growing amount of SPELL over time.

Bear in mind that this is how rewards for staking SPELL are distributed: the increasing of the value of sSPELL tokens in terms of SPELL tokens!

Staking APR:

The staking APR is variable and is determined by looking at the last 30 days of DAO revenue.

Do not send tokens directly to the contract, they will be lost. For more information on the SPELL and sSPELL tokens visit Tokenomics.